Provision whereby the fund limits the aggregate amount all investors are permitted to redeem (e.g., interval fund that provides 5%-25% quarterly redemptions of outstanding shares). Wherein the manager draws down capital or calls capital to invest in specific deals. Provides limited partners the right to recoup a portion of the general partner’s carried interest where subsequent losses mean the general partner received excess fees. The general partner’s share of the profits, which are based on the investments in the fund and can range from 10% to 30%. (In PIMCO funds, we charge fees on called capital not committed.) CARRIED INTEREST CAPITAL COMMITMENTĪmount of capital committed to the fund over a multi-year time period. Private equity funds typically have a capital call structure. Alternatives Glossary: CAPITAL CALLĬapital is periodically called down by the fund as investments are made they take place during the investment period specified in the fund terms enabling the money manager to invest capital when appropriate. Use the glossary below to get familiar with the key terms used in private alternatives space. Our formidable market presence and dedication to superior results gives us a competitive advantage – one that we believe benefits our clients. PIMCO has been managing a broad range of private alternative strategies for more than 15 years. As more investors look to alternatives to help them reach their investment goals, education is key to success, as is partnering with an experienced investment manager.
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