BlueMountain Fuji manages collateralized loan obligations (CLOs), which are investment vehicles that hold portfolios of loans. BlueMountain Fuji provides investment management, collateral administration, and supervisory services to these CLOs. BlueMountain Fuji has engaged Sound Point Luna, LLC to provide non-discretionary investment advice and administrative services.
Fee Structure
BlueMountain Fuji is compensated for its services through a management fee charged to the CLOs, typically made up of a Senior Investment Management Fee of 0.15% and a Subordinated Investment Management Fee of 0.35% of the net assets of the CLO per year, payable quarterly. Performance compensation is also payable quarterly, typically 20% of excess cash flow after paying liability costs and expenses once a pre-determined hurdle return has been realized. BlueMountain Fuji reserves the right to waive or reimburse some or all fees for certain investors in CLOs.