Transaction fee rebates reach record levels

Investors in private equity funds are securing a better deal as the balance of power continues to shift away from buyout firms

Investors have secured their highest average rebate of transaction fees on record, according to research which underscores the pressure investors are piling on buyout firms for more favourable terms.

The average rebate to investors of transaction fees - fees paid to private equity firms by portfolio companies - has reached a record high of 83% for 2011 funds, according to research by data provider Preqin.

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