Die Aufholungsphase / Catch-Up beginnt, wenn die Rendite eines Investors eine zuvor definierte Mindestrendite erreicht hat. Der Fondsmanager befindet sich ab diesem Zeitpunkt in de ...

A special distribution, as agreed beween investors and the investment manager, meant to compensate the investment manager once the investors' pre-established hurdle has been ac ...

Prozentualer Anteil an der Jahresrendite, über den hinaus die Outperformance der Nettorendite für die Anleger mit dem Manager geteilt wird.

The minimum rate of return, as defined in the vehicle documentation, that has to be achieved before the investment manager can receive a performance fee or carried i ...

The legal notice granted to a vehicle, based upon the capital commitment made by an investor, to request all or a portion of the investor's outstanding commitment. This may inc ...

A notice issued by a vehicle instructing investors to make a capital contribution to the vehicle; sometimes referred to as a “drawdown”.

The legal obligation of an investor in a vehicle to fund the total agreed capital contributions to the vehicle over a specified period of time, as defined in the vehicle documentat ...

Amount of capital called or drawndown from the investor in accordance with the vehicle documentation or other documents such as a subscription agreement.

An agreement entered into between a vehicle and an investor, and/or, a manager and an investor that amends or supplements the investor's rights and obligations in connection wi ...

Assets under Management (AUM) refers to the market value of real estate as well as non-real estate related assets (including any cash in the vehicle or mandate) with respect to whi ...