Private Capital Strategies manages investments solely for a private fund, Bayberry-West Partners, L.P. PCS invests the fund's assets in other hedge funds and, on a limited basis, may allocate assets to third-party managers in separate accounts. PCS evaluates and monitors the underlying funds and managers through a due diligence process. The investment objective is to achieve capital appreciation while minimizing overall risk.
Fee Structure
Private Capital Strategies manages a private fund and charges a management fee of 1% annually, calculated quarterly based on the fund's net asset value. PCS also charges a performance-based fee, reallocating the lesser of the amount of excess or 1% of an investor's capital to PCS if the investment return exceeds 10% per year. Investors should note that they will incur at least two layers of fees: PCS's fees and the fees charged by the underlying hedge funds or separately managed accounts in which the Fund invests.