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in the past weve talked about directly investing in private companies as well as investing in private equity funds now when investors looking to invest in private equity directly investing in companies could require quite a lot of expertise but private equity funds may not be so easy to invest in as well its hard to evaluate managers to figure out who are the top managers and even if youre able to do that its hard to gain access to these managers as well as meet their minimum investment requirement and so if Direct Investing and private equity fund investing is not for you for these reasons private equity fund of funds may be a good investment for you a fund of funds vehicle will spread your capital out across private equity funds in different sectors with different strategies in different geographies now fund of funds do come with a little extra fees usually about a 1% management fee and about a 5% carry so lets see if you are paying attention the compensation structure of a priv