Summary Terms
Target Fund Size: $250 million target ($250 million co-invest)
Target Returns: 20%+ Gross IRR / 3X Gross MOIC
GP Commitment: 1-2%, combination of assets and cash
Carried Interest: 20% after 8% preferred return, GP-catch-up
Investment Period: 5 years from final closing
Term: 10 years, subject to two one-year extensions
Management Fee: 2% annually