RT Journal Article SR Electronic T1 Closed-End Private Equity Funds: A Detailed Overview of Fund Business Terms, Part I JF The Journal of Private Equity FD Institutional Investor Journals SP 33 OP 54 DO 10.3905/JPE.2010.13.2.033 VO 13 IS 2 A1 Seth Chertok A1 Addison D. Braendel YR 2010 UL https://pm-research.com/content/13/2/33.abstract AB With the interests of both investors and sponsors in mind, this article discusses business terms that are the subject of frequent negotiation between investors and closed-end private equity funds, with a bias toward closed-end private equity real estate funds. Where applicable, the authors note the background legal and regulatory requirements surrounding these negotiations as well as their broader views on the market. The article also explores fund economics and capital mechanics, including capital calls, fees, and expenses; various concerns faced by specific investors (such as ERISA and taxexempt investors); and confidentiality issues.TOPICS: Private equity, legal/regulatory/public policy, portfolio construction