Fees
PennPSERS reports carried interest
PennPSERS has announced it pays its private equity GPs about 20 per cent of investment profits. The reveal from the $56.7 billion public pension fund, which came after a laborious process involving 500 staff hours, expands on its commitment to transparency.
Michael Benson, James Grossman and Evelyn WilliamsNovember 6, 2018