Would you invest your money in a PE fund under a 2/20 fee structure and locking them up for a couple of years?
Personally, PE is one of the most interesting fields for me to work at. However, from an investor's point of view I am much more hesitant to such illiquid investments with negative interest too (it's a fee, i know), under the assumption that the managers are able to generate very decent returns in the future. Is it only me (my investment profile) who would more likely not invest in PE? Any historical data of Private Equity returns?