Score one for private equity investors, says CNBC. After suffering steep losses in one fund, the
Yucaipa Companies, the money management firm run by the billionaire Ronald W.
Burkle, has cut fees for investors in the portfolio. As part of the deal, Mr.
Burkle agreed to forgo the firm's annual management fee until the fund's
investors recoup their money, according to several people with knowledge of the
matter. Such concessions reflect the broader pressure in the industry.
Faced with weaker returns, some big investors have been
pushing private equity firms to lower their fees or make other concessions….
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