Morgan Stanley AIP GP LP (AIP) offers investment management services to both institutional and individual investors. AIP invests in diversified portfolios of traditional and non-traditional investment funds. AIP provides investment management services through customized managed accounts, dedicated single investor private funds, and commingled funds. AIP allocates assets to investment vehicles managed by AIP or its affiliates and unaffiliated third-party investment managers. AIP focuses on hedge funds, opportunistic investments, risk premia, alternative lending, private markets, and customized portfolio solutions.
Fee Structure
AIP offers investment management services for hedge fund, opportunistic investment, risk premia, and private market strategies. The fees vary depending on the strategy and the specific fund or account.
For hedge fund and opportunistic investment strategies, the management fee is up to 1.50% of the net asset value or aggregate capital commitment. In some cases, AIP or its affiliates may also receive performance-based fees up to 10% of net profits, potentially subject to a hurdle rate or high-water mark.
For alternative lending strategies, the management fee is 0.75% of the fund's managed assets.
For risk premia strategies, the management fee is up to 1.50% of the net asset value.
For private markets strategies, the management fee is up to 1.75% of the investor's aggregate capital commitment or other calculation methods. AIP or its affiliates may also receive performance-based fees, generally ranging from 5% to 15% of investor profits, subject to an internal rate of return ranging from 6% to 15%.
For customized multi-asset investment portfolios, the fee is up to 1.05% of the net asset value of the account.