GAIF Japan: Flight to quality shifts LP-GP dynamic
The flight to quality in fundraising has brought the issue of allocation to the forefront and fee discounts to the background, delegates heard at PEI's Global Alternative Investment Forum: Japan 2014 in Tokyo.
"What we see is see is a feast or famine situation [among managers raising funds]," said Thomas Kubr, executive chairman at Capital Dynamics, speaking on a panel. "The globe is full of capital for the right managers."
Several other factors are complicating the situation, inclu...