Private Equity Fund Structure and Lifecycle

Alternative Investments: Hedge Funds, Private Equity & Real Assets · 5:26

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Lyrics

[Verse 1]
Private equity starts with a dream and a plan
General partners seek capital from institutional hands
Pension funds and endowments line up to invest
Limited partners bringing money to the test
Ten year commitment is the typical way
Structure's established for the long-term play

[Chorus]
Three phases moving, fundraise invest and harvest
F-I-H that's how the money travels farthest
General partners managing, limited partners funding
Private equity lifecycle keeps the wheel turning
F-I-H, F-I-H, remember these three
That's how private equity sets the companies free

[Verse 2]
Fundraising phase comes first in the line
Marketing the strategy, terms they define
Target fund size and the management fee
Two percent annual, that's what you'll see
Carried interest twenty, when profits are shared
Legal documents signed when investors have declared

[Chorus]
Three phases moving, fundraise invest and harvest
F-I-H that's how the money travels farthest
General partners managing, limited partners funding
Private equity lifecycle keeps the wheel turning
F-I-H, F-I-H, remember these three
That's how private equity sets the companies free

[Verse 3]
Investment period lasting three to five years
General partners hunting for deals that are clear
Due diligence checking every detail they find
Portfolio companies chosen with growth in mind
Capital calls sent when the money's required
Building value up till the exit's desired

[Bridge]
Fund administrators keeping books clean and tight
Investment committees making decisions right
Advisory boards guiding strategic direction
Management teams driving operational perfection

[Verse 4]
Harvest period comes when it's time to sell
IPOs and trade sales ring the exit bell
Distributions flowing back to LPs who wait
IRR calculations determine the fate
Fund winds down after ten years have passed
Returns distributed, cycle complete at last

[Chorus]
Three phases moving, fundraise invest and harvest
F-I-H that's how the money travels farthest
General partners managing, limited partners funding
Private equity lifecycle keeps the wheel turning
F-I-H, F-I-H, remember these three
That's how private equity sets the companies free

[Outro]
From fundraise to harvest the cycle spins round
Private equity structure, now you've got it down
F-I-H, F-I-H, the phases that guide
The ten-year journey with partners by your side

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