Public PE firms face intense pressure to prioritize fee-related earnings
Wylie Fernyhough · Wylie Fernyhough – Private Equity Stakes (Capital Allocators, EP.208) · Aug 13, 2021 · at 25:09
PitchBook PE analyst Wylie Fernyhough compares the governance and business model pressures of going public versus selling a minority GP stake.
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“I think there's certainly more pressure to change the business model once you go public. And I think we've seen that with Carlisle, we've seen that with Blackstone, a greater focus on fee-related earnings, on growing the number of strategies.”
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