Heritage Holding Management provides investment management and advisory services to its private fund, focusing on equity and equity-related investments in lower middle market buyout transactions. Heritage does not tailor its investment advice to individual investors in the fund. The firm retains broad flexibility to invest on behalf of the fund in accordance with the fund's investment objectives, strategies, and guidelines.
Fee Structure
Heritage Holding Management manages investments for a private fund and charges an annual management fee of around 2.0% of the total capital commitments of the fund during the fund's investment period. After the fund's investment period, the 2.0% management fee is charged on the aggregate cost of portfolio investments that the fund continues to hold. Management fees are payable quarterly in advance. Investors will generally not be eligible for partial refunds in the case of early withdrawals.