XN LP manages investments for private funds, which are pooled investment vehicles offered to sophisticated investors and institutions. XN's investment strategy is global and flexible, investing across public and private markets. XN focuses on areas where it has deep domain expertise, primarily in North America and Western Europe. The firm's investment decisions reflect concentration, deep research, and flexibility.
Fee Structure
XN LP provides investment advisory services to its clients, which are private funds. XN is entitled to receive a management fee from the Exponent Fund and the Vector Fund for its services (the “Management Fee”) thereto, quarterly in advance, generally (unless otherwise specified for certain series, sub-series and tranches of interests in the applicable Client’s Governing Documents) equal to one-fourth of the product of 1.50% and the balance of each capital account of each investor therein as of the first calendar day of each quarter, without taking into account the estimated “accrued” Incentive Allocation (as defined below), if any and the balance of each capital account of each investor is decreased by a corresponding amount.