MJ Hudson recently released its second report that discusses the results of its survey of PE funds that came to market or raised capital in 2018, covers key terms that affect the alignment of interests between limited partners and managers and reviews how PE funds’ practices measure up to the recommendations made by the Institutional Limited Partners Association in its Private Equity Principles. This article summarizes MJ Hudson’s key findings. For further coverage of PE trends, see our two-part series “Investors Demand Variations to PE Management Fees and Distribution Waterfalls” (Apr. 16, 2019); and “Recent Trends in PE Fundraising , Fund Governance Terms and Marketplace Initiatives” (Apr. 23, 2019).