UBS Said to Reach Fee-Sharing Deals With Carlyle, CVC: FT

Carlyle and CVC have agreed to hand UBS some performance fees in return for the bank selling their products to wealthy individuals, the Financial Times reported.

• Carlyle has agreed to share carried interest from its evergreen secondaries fund, the newspaper reported, citing three people familiar with the matter
• CVC also agreed to let the bank share performance fees in an evergreen fund, two of the people told the FT
• At least two other managers of major private capital funds for individual investors declined UBS’s requests to share fees, other people familiar with the situation told the newspaper
• There is no ...