Mutual Fund Type Fees
for Private Equity Exposure
Component
LVC Club Deal
Feeder for PE Fund
Annual fee*
2.5%
2.5%
Carry (% of profits)
0.0%
20.0%
LiquiditySemi-annually
5.0%
0.0%
Upfront setup fee
1%
1%
Fee layering
Eliminated
Applied
Term of the vehicle
5 years
10 years
*Standard audit, tax, and regulatory costs. Formation fees are standard and our upfront setup fee is 1%