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In year 1, a fund increases from $179m to $194m (gross asset value). The fund has a 3/15 structure with a hurdle rate of 5.5%.
In year 1, a fund increases from $179m to $194m (gross asset value). The fund has a 3/15 structure with a hurdle rate of 5.5%. How much are the performance fees for this year, assuming they are charged after management fees are first deducted from the gross asset value?
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$0.065m
$0.1217m
There are no performance fees for this year
$0.09975m
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