What is Jet Investment’s success fee?
The basic fee for managing Jet 2 Fund is set at 1.8% per year. We are achieving above-average returns, however, primarily because our project managers are working every day out in the field in managing our businesses. We at Jet Investment are eligible to receive performance fees only after we fully return the acquisition value of the shares to you, typically in the second half of the investment horizon. The performance fee is 1% for the manager and 20% for the founders from the returns paid above and beyond the level of the entry investment.