A variety of models are being used as the long-awaited invasion starts
Over the years, there has been much talk of the imminent arrival of the private equity giants in the hedge fund space, but the invasion never came, partly because despite superficial similarities, the two businesses are surprisingly different. However, all that is set to change, with a number of the big private equity firms preparing to make their play with the launch of single-manager funds.
For the time being there is no consensus on the right model. Some firms like Texas Pacific are bringing