Fund Fees
The fee structure is as follows:
- Fees will be split into base fund management and performance fees
- TGP is incentivised to deliver performance
- Base management fees cover administration and property advisers services
- Performance fees will only be paid when profits meet the threshold of 15%
BASE MANAGEMENT FEES
- 1% on purchase and trading of property
- 1% of gross portfolio value pa
PERFORMANCE FEES
- 20% of returns above an IRR of 15% pa
- 30% of returns above an IRR of 20% pa
SET UP COSTS FOR THE FUND
Legal, tax, accounting, financial and promotion fees for the Fund are expected to be around 1% and will be met by the Fund.