| Minimum Investment |
$100,000 |
$1,000,000 or more (Management has discretion to accept lower minimum amounts up to $100,000) |
| Management Fee |
0.5% of pro-rata share of Assets Under Management |
2.0% of pro-rata share of Assets Under Management
|
| Prefered Return |
8.5% |
8.5% |
| Carry/Profits Allocation to Manager |
100% |
20% |
| Net Profits Allocation to Investor |
0% |
80% (Distributed pro-rata among Class B Investors) |
| Frequency of Distribution |
Monthly |
Monthly |
| Ideal Investor |
Investors who are looking for downside protection, lower fee, or expect moderate fund performance. |
Investors looking for higher profit-sharing in case of significant fund outperformance and are willing to bear a higher fee. |
| Performance Implication |
Advantageous if the fund just reaches the preferred return or performs slightly better due to the lower management fee. |
Beneficial if the fund outperforms significantly because of their profit-sharing structure, even after the higher management fee. |
