Prentice moves to single fee and lockup structure
Fri Apr 27, 2007
Michael Zimmerman's $2.1 billion consumer and retail
stock-focused Prentice Capital Management has eliminated its
two-tier lockup and fee arrangement, moving all investors to a
two-year lockup and standard fees of 2% of assets and 20% of
profits, with quarterly liquidity.
The changes will be effective immediately for prospective
investors; existing investors will see their...
ISSN: 2151-1845 / CDC10004H
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