Starr Private Equity Partners (Starr PEP) offers non-discretionary investment advice, primarily recommending investments in private equity funds and co-investments to its clients. Starr PEP identifies fund managers and prepares investment recommendations, but clients make the final investment decisions. Starr PEP also monitors investments and may provide advice on diversified investment portfolios. Clients include pooled investment vehicles, ultra-high net worth family offices, and ultra-high net worth individuals.
Fee Structure
Starr Private Equity Partners (Starr PEP) provides non-discretionary investment advice to its clients, which are primarily pooled investment vehicles. Starr PEP charges a management fee to the underlying investors in its Funds for its advisory services. Starr PEP also charges an administrative fee for assets under administration and a monitoring fee for monitored assets. A Starr PEP affiliate is generally entitled to a carried interest from the respective Funds subject to a specified preferred return.