28-10-2013, 07:27 PM
Instead of ARA coughing up 100M seed capital. John Lim is coughing up the capital. To cough up this capital, he sold 10% of his ARA stake.
The private fund is slated to be $1bn.
John Lim wins: (a) Cash Out AND (b) return on private fund capital
ARA wins: (a) Extra AUM. (d) Payout performance fees of Divestment © Avoid the $100M seed capital
ARA loses: JL now has a reduced stake.
Did I miss anything?
The private fund is slated to be $1bn.
John Lim wins: (a) Cash Out AND (b) return on private fund capital
ARA wins: (a) Extra AUM. (d) Payout performance fees of Divestment © Avoid the $100M seed capital
ARA loses: JL now has a reduced stake.
Did I miss anything?