Electra Private Equity, a publicly traded investment company, has launched a review of its fee arrangements and will consider changing its capital structure, despite successfully fighting off activist Sherborne Investors, which was pushing for similar changes, at an extraordinary general meeting Monday.

Sherborne, led by New York-based corporate raider Ed Bramson, had promised to increase the aggregate value of shareholdings in Electra by more than £1 billion. But during Monday morning's EGM, Electra shareholders said Sherborne wasn't clear on how it would improve returns.