Pine Valley Capital provides investment advice to pooled investment vehicles and separately managed accounts. The firm's primary objective is to provide clients with attractive risk-adjusted returns by engaging in direct secured and unsecured corporate loans to law firms and other corporations which own legal assets. These loans are often secured by attorney fees generated from contingent fee litigation.
Fee Structure
Pine Valley Capital manages investments for pooled investment vehicles (Funds) and separately managed accounts (SMAs).
For Funds, the investment manager is generally paid a quarterly asset-based management fee within a range of 1% to 1.5% of an investor’s capital commitment. After an investor's investment period, the fee is up to 1.5% annually of the “Allocable Portfolio Debt Amount”. The management fee may be waived or charged under a separate investment management agreement.
For certain SMAs, there may be no management fee.
The investment manager is also generally entitled to receive carried interest for the Funds, within a range of 10% to 35% of Capital Return Distributions. This may be waived or modified. For certain SMAs, there may be no carried interest.