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.