Empeiria Capital Management is an investment management firm that primarily manages a limited number of private investment funds focused on private equity and private debt opportunities, particularly in non-public middle-market companies. Originally established as the private equity group for the family of the founder of Cintas Corporation, the firm also opportunistically pursues investments in minority equity, growth equity, public company equity, structured credit, debt, and real estate. Empeiria typically invests on a long-term basis, working with portfolio companies through board representation or management influence. The firm serves accredited investors, qualified purchasers, and knowledgeable employees through specialized private investment funds rather than direct individual accounts.
Fee Structure
Empeiria Capital Management charges asset management fees to the private investment funds it manages, rather than individual client accounts. Key aspects of the investment management fees include:
- Upfront management fee — up to 2% of the initial investment amount, and up to 2% for subsequent capital calls in certain instances.
- Ongoing annual management fee — generally ranges from 0% to 2% of total committed capital or invested capital, varying by fund and investor through negotiation at the fund's formation.
- Performance-based compensation — general partners are entitled to carried interest based on a distribution waterfall after investors receive their contributed capital and a preferred return.
- Additional compensation — the firm may receive consulting or monitoring fees from portfolio companies, and certain members may receive incentive compensation arrangements subject to partner consent.