Gritstone Asset Management provides investment management services to private investment funds and separately managed accounts for qualified investors. Gritstone focuses on Special Purpose Acquisition Companies (SPACs), direct investments in operating companies, and secondary investments in private funds. Gritstone tailors its services to each client's investment objectives and risk tolerance. The firm also offers non-investment advisory consulting and monitoring services related to private markets.
Fee Structure
Gritstone Asset Management manages investments for private funds and separately managed accounts. The firm charges a management fee of up to 2.0% annually, based on capital commitments, contributed capital, or net asset value. Gritstone also receives performance-based compensation, ranging from 10% to 20% of profits or realized gains, subject to certain performance hurdles (typically a high-water mark or a preferred return between 6% and 10% annually). These fees are negotiable in certain circumstances.