The Management Company Is Like the Inner Circle of a Firm

Two % is an annual fee. If there's a 300 million dollar fund, then there's six million dollars af sort of guaranteed cash flows to the management company every single year. And if you have multiple funds that you're managing at a given time, which is very normal for firms that have been around for a while, you're getting those fee streams from multiple funds at once. Ah, so we'll endd that in a minute. Now, the carry. So the term general partner, which you hear a lot of people talking about, i'm a general partner at, you know, x, y, z fund a. The general partners are who the carry is split amongst and