BP Asset Management manages investments for BPBI Alternative Investments SPC, a Cayman Islands registered segregated portfolio company. The firm does not tailor its advisory services to individual fund investors, and investors cannot place investment restrictions on the funds' investment decisions. Investments in the funds are illiquid and involve a high degree of risk.
Fee Structure
BP Asset Management manages investments for private funds. The fees and expenses are detailed in the fund's offering documents.
For the BPBI-Audax Senior Secured Debt Segregated Portfolio, the fund pays BP Asset Management a quarterly management fee of 0.75% of the total assets invested by the fund in the underlying fund.
For the BPBI-Neuberger Berman Private Equity Segregated Portfolio, the fund pays BP Asset Management and the underlying fund advisor a total fee for management services assessed quarterly. The fee is 2.00% per year of a portion of the participating shareholder's committed capital or contributed cost, depending on the anniversary of the management fee start date.