| Private equity firms are charging far too much in fees and are not investing enough of their own money in the deals they do, according to a former head of private investments at one of the world's largest sovereign wealth funds.
Georges Sudarskis, formerly chief of the private investment programme at the Abu Dhabi Investment Authority, said that the current private equity fund model is a "rigged arrangement". Sudarskis, who led Adia’s private investment programme between 1998 and 2009, said that fund managers' and investors' interests are no longer aligned............................................Full Article: Source
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