Provenance Management Co., LP provides investment advisory services primarily to privately offered investment funds. Provenance focuses on significant minority investments in growth-stage consumer brands, typically digitally-intensive brands with the potential to scale. Provenance's services include identifying investment opportunities, negotiating terms, managing investments, and achieving dispositions. Provenance's principals often serve on the boards of portfolio companies.
Fee Structure
Provenance manages private equity funds and receives a management fee, generally 2.0% annually, based on aggregate capital commitments from investors who are not designated as "affiliated partners." This fee may be reduced by a portion of transaction fees. Provenance also receives carried interest, generally 20% of realized profits, subject to a preferred return. The specific fee structure is detailed in each fund's governing documents.