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Servicing fees from private funds topped $2bn for advisers, FT analysis
Summary by Private Banker International
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Despite concerns about private credit, this amount has increased by about 25%, according to Financial Times analyses conducted on 16 vehicles. Since its inception, the fees collected have exceeded $2 billion.
Servicing fees from private funds topped $2bn for advisers, FT analysis
Sixteen semi-liquid private funds run by groups including Blackstone, Blue Owl, Apollo and KKR generated more than $2bn in servicing fees for wealth advisers since 2017, an FT analysis of regulatory filings found. The filings show how large brokerages and banks, including Morgan Stanley, UBS and Bank of America Merrill Lynch, as well as independent wealth managers, benefited from the boom. So-called evergreen vehicles, which typically let invest…
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