HOUSE_OVERSIGHT_024061.jpg
1.63 MB
Extraction Summary
2
People
2
Organizations
1
Locations
0
Events
1
Relationships
3
Quotes
Document Information
Type:
Legal/financial document (investment fund agreement/private placement memorandum)
File Size:
1.63 MB
Summary
This page is from a confidential legal document (likely a Private Placement Memorandum or Limited Partnership Agreement) describing the fee structure for an investment fund managed by New Leaf Venture Partners, L.L.C. It details a 2.5% annual management fee that decreases over time and explains how other fees collected from portfolio companies (break-up fees, monitoring fees, etc.) are used to offset the management fee. The document bears a House Oversight control number.
People (2)
| Name | Role | Context |
|---|---|---|
| General Partner | Fund Manager Role |
Entity responsible for the fund, subject to return obligations and recipient of carried interest.
|
| Managers | Management Role |
Individuals or entities receiving remuneration from portfolio companies.
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| New Leaf Venture Partners, L.L.C. |
Delaware limited liability company entering into a management agreement with the Fund.
|
|
| The Fund |
The entity paying the management fees and entering agreements.
|
Locations (1)
| Location | Context |
|---|---|
|
State of incorporation for New Leaf Venture Partners, L.L.C.
|
Relationships (1)
The Fund will enter into a management agreement with New Leaf Venture Partners, L.L.C.
Key Quotes (3)
"The Fund will enter into a management agreement with New Leaf Venture Partners, L.L.C."Source
HOUSE_OVERSIGHT_024061.jpg
Quote #1
"The Fund will pay the Management Company an annual management fee (the “Management Fee”) equal to 2.5% per annum of Commitments"Source
HOUSE_OVERSIGHT_024061.jpg
Quote #2
"100% of all directors’ fees... paid by the Fund’s portfolio companies... will be treated as an offset to the Management Fee"Source
HOUSE_OVERSIGHT_024061.jpg
Quote #3
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