Thayer Street Partners Management provides investment management and advisory services to private equity funds and other investment vehicles. Thayer Street invests in growing companies, typically in the business services, financial services, and real estate services sectors. Thayer Street seeks to generate attractive risk-adjusted returns by investing in companies with recurring or predictable revenues.
Fee Structure
Thayer Street manages private equity funds and other investment vehicles. Clients typically pay fixed management fees and performance-based compensation (carried interest). Management fees for the Funds are typically 2.0% of aggregate limited partner capital commitments through the end of each Fund’s respective investment period. Thereafter, the annual management fee will be calculated using the management fee for the immediately preceding year reduced by 10%, subject to a minimum of 1.0% of aggregate limited partner capital commitments, and will be calculated as a percentage of gross capital contributions of each limited partner. Other single investment vehicles managed by Thayer Street are subject to different management fees and carried interest arrangements, generally ranging from 0% to 2.5% per annum of either capital commitments or net assets plus, in some cases, a one-time fee of 1.0% to 2.0% of capital commitments, and from 0% to 30% of net realized gains, as set forth in the governing documents for each vehicle.