Fee structure. Expense pass through plus performance fee only (assuming starting AUM high enough). Aligns LPs and GP to focus on performance rather than asset gathering, keeps focus rightly on costs, encourages reinvestment in the business.
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Fee structure. Expense pass through plus performance fee only (assuming starting AUM high enough). Aligns LPs and GP to focus on performance rather than asset gathering, keeps focus rightly on costs, encourages reinvestment in the business.
