Corvex Management LP specializes in managing investments for private investment funds, focusing on fundamental, value-based investing across the capital structure. They invest in situations with identifiable catalysts, with a focus on equity investments, special situations, and distressed securities. Corvex PE Advisors LP, a relying adviser, handles longer-term or illiquid investments, including potential going-private transactions. Investment advice is tailored to each client fund's needs, not individual investors.
Fee Structure
Corvex Management LP manages investments for private investment funds and charges fees based on a percentage of the assets they manage and performance-based compensation.
For one client fund, they charge 1.5% annually of the fund's net assets and 20% of the net realized and unrealized appreciation. For other client funds, they charge 1% or 0.25% annually of the fund's net assets, treated as an advance against a 30% incentive allocation based on performance relative to the S&P 500 or MSCI SCI World Index. Some client funds only pay performance-based compensation. Fees are automatically deducted from client fund accounts. These fees are usually not negotiable, but may be reduced for significant investors or waived for Corvex-affiliated investors.