How is the management fee calculation for a fund with several closings?
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How is the management fee calculation for a fund with several closings?
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Community Member
2 answers
A follow up question:
Assuming a $10MM fund with a first close of $2.5MM and a management fee of 2%, the fees start at $50K per year.
Then, in the second close after 3 months, the fund is at $5MM. Will the fees be paid retroactively for the past 3 months as if the first close was at $5MM?
Jul 19, 2023 8:44am
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