Daybreak Fund Advisors is a registered investment advisor specializing in private equity investments within the energy service industry. They manage pooled investment vehicles (Funds) like closed-end limited partnerships, investing in privately-held and sometimes publicly-traded energy companies. Daybreak may also manage feeder vehicles and co-investment vehicles. The firm works with clients to establish investment objectives and selects portfolio investments based on its overall investment strategy.
Fee Structure
Daybreak Fund Advisors manages investments for pooled investment vehicles (Funds). They receive management fees based on committed or invested capital, typically up to 2% during the investment period and up to 2% of unreturned invested capital after that. They also receive carried interest allocations of up to 20% of distributable cash. Fees are negotiated with each client and detailed in their partnership agreement. These fees are generally not negotiable once the client is established.