Private Equity Fund Manager Terms

Private Equity Fund Manager Terms - FTSE Listed Private Equity Trust

Brief:

In recognition of a change in the investment policy of the Trust, advise the Board on the appropriate structure and terms relating to the re-appointment of the independent fund manager.

Solution:

using existing market knowledge, provide advice on the appropriate levels of remuneration as well as the terms and structure of that remuneration for the fund manager
in particular advise on levels of management fees, performance fees (i.e. the Carry) including hurdle rate and catch up mechanism, the GP commitment and treatment of transaction fees, monitoring fees and abort fees
advise on termination clauses
assist in negotiations with the fund manager, including attendance at meetings with the Board and with other advisors as well as with members of the fund management entity
prepare opinion letter and report used as basis for statements made in the shareholder circular
review and comment on legal documentation as well as shareholder circular

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