Alternative Investments
How to Spot Fee Stacking in a Fund-of-Funds Before You Invest: A Checklist
A fund-of-funds (a fund that invests in other private funds instead of buying assets directly) can quietly eat 27% to 30% of your committed capital in stacked management fees alone over a 10-year fund
Jeff Barnes, MBA··11 min read
Private Equity
Feeder Funds Explained: How Private Equity's Access Vehicles Work (and Where the Fees Hide)
TL;DR: A feeder fund is a legal pass-through that pools your money and routes it into a master private equity fund you couldn't access directly. That pass-through charges its own fee. On top of the...
Jeff Barnes, MBA··9 min read