Harbinger Alternative Associates provides investment advice to pooled investment vehicles (Funds) that seek to acquire minority equity interests in North American professional sports franchises. Harbinger's investment sourcing is driven by relationships with team owners, operators, and senior league executives. Once an investment is made, Harbinger intends to remain engaged through optional executive support, and ongoing operational review and value creation.
Fee Structure
Harbinger Alternative Associates manages investments for pooled investment vehicles (Funds). The Funds pay Harbinger a management fee, typically a percentage of the Fund's commitments or invested capital. During the commitment period, the management fee is generally 2.0% annually on aggregate investor capital commitments. After the commitment period, the fee is 2% per year of invested capital, reduced by the cost of realized investments. The General Partner of each Fund is also entitled to earn a performance-based fee (carried interest), typically 20% of any profits after investors receive their initial investments plus a preferred return.