New CLO fund shuns base management fees

By Sayed Kadiri

Wednesday, November 28, 2012

A fund manager is launching a CLO fund that it says has been structured to closely align its interests with those of its investors

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TAGS: Fundraising Performance

Comment by: Anonymous. Posted 11 years ago [2012-12-15 15:35:40]

I like this idea - potential investors should find it compelling. Curious question: if the PM is not permitted to monetize any part of its 3% in-kind upfront fee, how will it pay its expenses? Likely options seem to be through the team's own investment or third-party loan. It's possible there will be no incentive fees with the 12.5% hurdle ....

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