GI Partners frustrates LPs by switching to deal-by-deal profit sharing


GI Partners, private equity, Calpers
  • GI in market with fifth fund targeting $2.3 bln
  • Moved to deal-by-deal carry structure in new fund
  • Some LPs frustrated by change
The switch by GI Partners, the Menlo Park, California, private equity firm, to deal-by-deal profit sharing on its newest fund has so frustrated some limited partners that they have passed on investing, Buyouts has learned. At least two LPs told ...
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