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PE shops get paid based on their assets under management (AUM). If they write down their investments, their AUM drops, and with that the fees they charge.
by nimzoLarsen 4y ago
PE shops get paid based on their assets under management (AUM).
If they write down their investments, their AUM drops, and with that the fees they charge.
- 1jbdg 4y agoTheir fee is based on committed capital not marked up AUM