An influential group representing some of the private equity industry’s largest backers has sounded the alarm about the risks to institutional investors from a rush of retail money into the sector.
The number of deals needed to deploy wealthy individuals’ cash could pull managers’ attention away from investing the capital of pension plans and endowments, the Institutional Limited Partners Association warned.
Fees on offer from evergreen funds, a newly popular type of vehicle suited to retail investors, could encourage buyout firms to prioritise them instead of the traditional funds backed by institutions, ILPA said in a new report.
您已阅读21%（638字），剩余79%（2471字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。