Serengeti Asset Management manages private investment funds and managed accounts, providing investment advice across debt and equity markets. Serengeti invests in equities, bank loans, bonds, distressed companies, structured finance, private investment opportunities, derivatives, commodities, and more. Serengeti's investment strategies are speculative and entail substantial risks, and clients should be prepared to bear a substantial loss of capital.
Fee Structure
Serengeti Asset Management manages investments for private funds and managed accounts. Serengeti typically charges a management fee equal to a percentage within the range of 1.0% to 2.0% of the assets they manage on behalf of the client, payable at the beginning of each quarter. Some funds are not subject to a management fee. Each fund is also typically subject to an incentive allocation or an annual incentive fee, in the case of the Non-Discretionary Client (together with each Incentive Allocation, the “Performance Compensation”) that is allocated and/or paid to the Adviser or one of its affiliates generally on an annual basis equal to a range of 10-25% of the realized and unrealized net profits (if any) for the fiscal year subject to a "high water mark" provision and excluding unrealized profits on special investments.