Whippoorwill Associates is in the process of winding down its advisory business. The firm's services are now limited to managing the remaining illiquid investments held by its private investment funds. Historically, Whippoorwill invested in distressed companies, anticipating turnarounds or undervalued opportunities. The firm is no longer acquiring new investments.
Fee Structure
Whippoorwill Associates manages private investment funds and charges a base management fee. For some funds, the fee is 1.5% annually, charged monthly in advance, based on the value of the investment. For other funds, the fee is 1.5% annually, charged monthly in advance, based on the investor's capital commitment during the investment period, and thereafter on the cost basis of unsold assets. Fees are not negotiable.