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    Transaction Fees

    Private Equity Hidden Costs: What LPs Actually Pay Beyond 2-and-20
    Private Equity

    Private Equity Hidden Costs: What LPs Actually Pay Beyond 2-and-20

    The headline "2-and-20" fee structure in private equity understates what LPs actually pay by a significant margin. According to ILPA's Reporting Template v2.0 , which became mandatory for institutiona

    Jeff Barnes, MBA·Jul 22, 2026·8 min read
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