We simply don't get paid unless we do our job.
Our Job is to out perform your benchmark.
If the portfolio does not outperform your custom benchmark on a trailing four quarter basis, no fees will be applied. Any returns above the benchmark will be split 50/50 with the GP and LP.
Our Job is to generate 120% return on your capital.
Once the fund has returned 120% of the original investment, Bespoke IP will become a 25% general partner.
Consider the common "2 & 20" structure in private equity; by contrast, we dropped the recurring annual fee in exchange for a higher success fee.
The managing partner will not earn one cent unless the fund has positive returns.
There are no fees.
For every dollar invested in either a Relative or Active Partnership, Bespoke IP will monitor and
rebalance a Passive Partnership of similar size.