Fund III Fees Explained
The fee clock doesn’t start when you commit; it starts when the fund “closes.” Ironically, “closing” in the finance industry means the fund is open for business.
Our close is scheduled for early 2016.
So let’s say you’ve committed $100,000.
You will be charged a one-time 3 percent fee, or $3,000. If you committed more than $500,000, you will be charged a one-time 1.5 percent fee. These fees are used to cover everything, including accounting, legal, marketing, travel, personnel and technology. And we don’t charge acquisition fees, disposition fees, refinancing fees, etc.