Work Deal-by-Deal: Cohn Reznick and Source Opportunities

work deal-by-deal: Unlike traditional private equity firms which raise capital en masse for a fund, then deploy it to various investments over several years independent sponsors often work deal-by-deal, according to The Independent. They source opportunities and facilitate group investments through tight networks, so that investors get a slice of the deal rather than a tranche of a pool. Many of these investors have instead turned to a new middleman for deals independent sponsors. It's riskier, yes, but also far less costly. This typically means paying the standard 2 percent management fee and 20 percent performance charge. If you look at the traditional private equity model, family office involvement has been as a limited partner, said Cohn Reznick's Jeremy Swan, managing principal of the financial sponsors practice. (news.financializer.com). As reported in the news.