Hi,
My partner and I have an opportunity to be seeded by a Fund of Funds.
We are experts of an asset class, the FoF want to have a track record within this asset class and seems ready to setup the fund legal structure, manage the administrative stuff and channel money into it. We would manage the fund. They also potentially need consulting from us in order to increase their expertise in this field.
The next meeting they want us to come with the specifics of a deal proposition. I don’t really know what is standard regarding those kind of deals.
Maybe some of you have more knowledge regarding what is possible with regard to the split of management/performance fees between us and them, and the possibility for us to bill our consulting services or to be employed by them.
I would appreciate any feedback.