How exactly is management fee taken from fund?
Let's say we do 4 capital calls over 2 years, and the management fee structure is 3% for first five and then 1% for next five.
SO once an LP has transferred money into the account during the initial two years -- part of that capital is left there to later pay management fee as per schedule?
SO once an LP has transferred money into the account during the initial two years -- part of that capital is left there to later pay management fee as per schedule?
