Carlyle and CVC have agreed to hand UBS some performance fees in return for the bank selling their products to wealthy individuals, the Financial Times reported.
- Carlyle has agreed to share carried interest from its evergreen secondaries fund, the newspaper reported, citing three people familiar with the matter
- CVC also agreed to let the bank share performance fees in an evergreen fund, two of the people told the FT
- At least two other managers of major private capital funds for individual investors declined UBS’s requests to share fees, other people familiar with the situation told the newspaper
- There is no ...