Huizenga Capital Management (HCM) provides investment advice to pooled investment vehicles. HCM invests client assets directly or through other investment managers in equity, debt, and equity derivative securities issued by private companies. HCM also provides administrative services to pooled investment vehicles whose investors consist solely of members of the Huizenga family and, on occasion, HCM employees. These Entities are not part of our investment advisory business.
Fee Structure
Huizenga Capital Management manages investments for pooled investment vehicles and charges a management fee ranging from 0% to 1.5% per year based on the entity's net assets, capital invested, or capital committed. Certain entities also pay a fixed expense fee of 0.50% per year of the entity's net assets. Some investors also pay a semi-annual or annual incentive allocation subject to a high water mark, ranging from 0% to 5% of net profits or 0% to 1% per year of the investor's net asset value upon reaching certain rates of return. For entities in the Portfolio Company Business, HCM is allocated a percentage of the profits (carried interest) in the range of 0% to 15% of such profits, after investors have received distributions in the amount of their invested capital plus, if applicable, an agreed-upon rate of return.