Hi All
Looks like Aether Investment Partners is raising a first round of FUM for a new fund type called Aether Real Assets Seed Partners. The objective of the fund is to raise $USD750M in FUM.
Documents were lodged with the SEC on the 6th of April 2022. Seed investments by Aether will be commitments to new vehicles with interests in management fee and/or carry.
Up to $USD50M in allocations has been approved as follows:
https://www.pionline.com/searches-and-hires/louisiana-schools-assigns-75-million-2-alts-funds
Believe the management fee margin for Aether is around 1.4% on FUM, so this would look to generate an additional $USD10.5M in revenue. While PAC states it has 100% of profit share (which I would assume is management + performance fees), I am not certain how much would flow through to PAC.
Best of Luck
Lost
Hi AllLooks like Aether Investment Partners is raising a first...
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