TLDR:
- 50 South is seeking $750 million for its 11th fund of funds
- The manager will not collect carried interest for this fund
50 South has announced its plans to raise $750 million for its 11th fund of funds. The manager has also stated that they will not be collecting carried interest for this specific fund. This decision may impact the overall structure and incentives for investors.
The fundraising efforts come at a time when private equity fundraising is under scrutiny, with questions arising about the future of carried interest. With this unique approach, 50 South is setting itself apart in the industry and offering a new perspective on fund management.
