Flexible fees: The future of fund terms?

Carmela Mendoza takes a close look at flexible fee structures, like the one employed recently by Hamilton Lane, in which investors could pay a traditional 1 percent management fee on committed capital with 10 percent carried interest, or a 1 percent fee on invested capital with 12.5 percent carried interest. The majority of investors opted for the latter, at first close, Carmela reports. She goes on to examine what the offering means for the market, and why you might want to consider one.