March, 30, 2010

Several celebrated buyout barons and the big investors who place money with them are meeting in a New York hotel on Tuesday to discuss the state of play between the two camps.The unusual get-together is one of the strongest signs yet that the investors—pension funds, sovereign-wealth funds and endowments—want more influence over the fees and terms private-equity funds set.

The industry suffered sharp declines in the financial crisis that left some of its investors wondering whether its steep fees are worth it.Underscoring how key these lucrative relationships are to private equity, some of the most prominent deal makers are expected to represent their firms at the meeting, including David Rubenstein, co-founder of Carlyle Group; Glenn Hutchins, co-chief executive of Silver Lake Partners; and Jim Coulter, co-founder of TPG.

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