Promus Asset Management provides investment advisory services exclusively to privately offered investment funds. These funds include funds of private equity funds, private equity funds, and real estate funds. Promus acts as the general partner, manager, or investment advisor to these funds, offering advice and assistance according to the fund's governing documents. The services are not tailored to individual investors in the funds, who participate in the overall investment program and generally cannot impose investment restrictions.
Fee Structure
Promus Asset Management manages investments for private funds and receives a quarterly management fee. These fees typically range from 0.5% to 2% per year, depending on the specific fund. The fees are usually based on committed capital, called capital, or invested capital and are payable quarterly in advance.