Article: PE Without Fund Management Fees?(private equity)(Bard Capital Partners LLC)

As many private equity funds struggle to invest gobs of committed capital in a world where good deals are scarce, expensive, or both, one private equity firm has no such problem. Bard Capital Partners LLC, formed last month to focus on industrial companies, has a simple, no-brainer strategy: Find an investment you like, then ask investors for the money to buy it.

It sounds simple, but in the private equity world this is rarely practiced. Fat management fees, often 1% to 2.5% that are collected whether or not committed capital is invested, are the industry's bread and butter. So it is hard to imagine why anyone would not play that game. Like other private equity ...

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