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Growing call for private equity firms to end secrecy over fees

Blackstone, TPG, Carlyle Group have said that disclosing their agreements with investors would reveal trade secrets

John Chiang, the treasurer of California, has recently called for legislation requiring full transparency in the reporting of fees charged by private equity firms.

New York

HOW much do private equity investors pay to the firms overseeing their portfolios?

You might think such a question would be a no-brainer. But in the supersecret world of private equity, it is anything but. That is why John Chiang, the treasurer of California, recently...

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