Permira Credit provides investment management services to pooled investment vehicles, including collateralized loan obligations (CLOs). Permira Credit focuses on a primarily US credit strategy which includes investments in US-broadly syndicated loans and bonds. As collateral manager, Permira Credit supervises the investment and reinvestment of assets for its clients.
Fee Structure
Permira Credit receives collateral management fees from its clients, which are pooled investment vehicles. The fees consist of a base fee, a subordinated fee, and an incentive fee. The base and subordinated fees are calculated as a percentage of the collateral principal amount and are payable quarterly. The incentive fee is a percentage of proceeds distributed to certain note holders if return thresholds are met.