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slides: 38 Firms That Made the Most in Upfront Fees from RI Pension Fund

Thursday, July 09, 2015

GoLocalProv News Team

See which firms last year made the most in management fees for money they did not yet have from the state pension fund.

Related Slideshow: Pension Fund Management Fees

Below are 38 private equity firms which were paid management fees for money state pension fund has yet to invest with them. For each firm, the firm name or individual fund name is listed, along with the following: the total money the state has committed to investing with them, the amount the state has provided, the amount the state has yet to provide, the management fee rate, and the amount in management fees the firm was paid for the money that it had not yet been provided. Figures are for fiscal year 2014. Data were obtained from publicly available documents from the state Treasurer’s office.

38.

TPG Partners IV

Total Money Committed: $13,953,742

Money Provided: $13,889,321

Money Not Provided: $64,421

Management Fee: .05%

Amount of Fee for Money Not Provided: $322

37.

Castile III

Total Money Committed: $5,000,000

Money Provided: $4,850,000

Money Not Provided: $150,000

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $1,500

36.

Kayne Anderson Energy Fund III

Total Money Committed: $15,000,000

Money Provided: $14,633,574

Money Not Provided: $366,426

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $3,664

35.

Thomas McNerney & Partners

Total Money Committed: $15,000,000

Money Provided: $14,700,000

Money Not Provided: $300,000

Management Fee: 2.00%

Amount of Fee for Money Not Provided: $6,000

34.

Leapfrog Ventures II

Total Money Committed: $10,000,000

Money Provided: $9,490,000

Money Not Provided: $510,000

Management Fee: 1.25%

Amount of Fee for Money Not Provided: $6,375

33.

Point Judith II

Total Money Committed: $5,000,000

Money Provided: $4,536,061

Money Not Provided: $463,939

Management Fee: 1.50%

Amount of Fee for Money Not Provided: $6,959

32.

LNK Partners

Total Money Committed: $12,500,000

Money Provided: $11,871,493

Money Not Provided: $628,507

Management Fee: 1.25%

Amount of Fee for Money Not Provided: $7,856

31.

Kayne Anderson Energy Fund IV

Total Money Committed: $15,000,000

Money Provided: $14,201,594

Money Not Provided: $798,406

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $7,984

30.

W Capital Partners

Total Money Committed: $15,000,000

Money Provided: $14,197,500

Money Not Provided: $802,500

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $8,025

29.

Lighthouse Capital Partners V

Total Money Committed: $11,250,000

Money Provided: $10,462,500

Money Not Provided: $787,500

Management Fee: 1.06%

Amount of Fee for Money Not Provided: $8,348

28.

WLR

Total Money Committed: $8,000,000

Money Provided: $7,234,744

Money Not Provided: $765,256

Management Fee: 1.50%

Amount of Fee for Money Not Provided: $11,479

27.

Lighthouse Capital Partners VI

Total Money Committed: $15,000,000

Money Provided: $14,250,000

Money Not Provided: $750,000

Management Fee: 1.54%

Amount of Fee for Money Not Provided: $11,550

26.

Birch Hill Equity Partners III

Total Money Committed: $16,868,142

Money Provided: $16,249,482

Money Not Provided: $618,660

Management Fee: 2.00%

Amount of Fee for Money Not Provided: $12,373

25.

Trilantic IV

Total Money Committed: $11,098,351

Money Provided: $9,759,061

Money Not Provided: $1,339,290

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $13,393

24.

Fenway III

Total Money Committed: $15,000,000

Money Provided: $13,590,494

Money Not Provided: $1,409,506

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $14,095

23.

Bain X

Total Money Committed: $25,000,000

Money Provided: $24,237,500

Money Not Provided: $762,500

Management Fee: 2.00%

Amount of Fee for Money Not Provided: $15,250

22.

Charterhouse Capital Partners VIII

Total Money Committed: $19,443,313

Money Provided: $17,898,663

Money Not Provided: $1,544,650

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $15,447

21.

Centerbridge

Total Money Committed: $15,000,000

Money Provided: $13,909,377

Money Not Provided: $1,090,623

Management Fee: 1.42%

Amount of Fee for Money Not Provided: $15,487

20.

W Capital Partners II

Total Money Committed: $15,000,000

Money Provided: $13,403,309

Money Not Provided: $1,596,691

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $15,967

19.

Leeds Weld Equity Partners IV

Total Money Committed: $10,000,000

Money Provided:$8,900,361

Money Not Provided: $1,099,639

Management Fee: 1.46%

Amount of Fee for Money Not Provided: $16,055

18.

TPG Partners V

Total Money Committed: $20,000,000

Money Provided: $17,671,819

Money Not Provided: $2,328,181

Management Fee: 0.75%

Amount of Fee for Money Not Provided: $17,461

17.

CVC European Equity Partners IV

Total Money Committed: $22,513,310

Money Provided: $19,882,272

Money Not Provided: $2,631,038

Management Fee: 0.75%

Amount of Fee for Money Not Provided: $19,733

16.

TPG VI

Total Money Committed: $10,000,000

Money Provided: $8,307,515

Money Not Provided: $1,692,485

Management Fee: 1.21%

Amount of Fee for Money Not Provided: $20,479

15.

Providence Equity Partners V

Total Money Committed: $25,000,000

Money Provided: $22,842,007

Money Not Provided: $2,157,993

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $21,580

14.

Nautic Partners VI

Total Money Committed: $20,000,000

Money Provided: $18,586,688

Money Not Provided: $1,413,312

Management Fee:1.65%

Amount of Fee for Money Not Provided: $23,320

13.

Providence Equity Partners VI

Total Money Committed: $25,000,000

Money Provided: $22,409,906

Money Not Provided: $2,590,094

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $25,901

12.

CVC V

Total Money Committed: $27,288,860

Money Provided: $23,999,027

Money Not Provided: $3,289,833

Management Fee: 1.00%

Amount of Fee for Money Not Provided: $32,898

11.

Thomas McNerney & Partners II

Total Money Committed: $15,000,000

Money Provided: $13,237,500

Money Not Provided: $1,762,500

Management Fee: 2.00%

Amount of Fee for Money Not Provided: $35,250

10.

Palladin III

Total Money Committed: $10,000,000

Money Provided: $7,446,026

Money Not Provided: $2,553,974

Management Fee: 2.00%

Amount of Fee for Money Not Provided: $51,079

9.

Centerbridge Special Credit Partners II

Total Money Committed: $25,000,000

Money Provided: $18,125,000

Money Not Provided: $6,875,000

Management Fee: 1.50%

Amount of Fee for Money Not Provided: $103,125

8.

MHR Institutional Partners III

Total Money Committed: $20,000,000

Money Provided: $12,625,604

Money Not Provided: $7,374,396

Management Fee: 1.75%

Amount of Fee for Money Not Provided: $129,052

7.

Advent Global Private Equity Fund VII

Total Money Committed: $20,000,000

Money Provided: $8,080,000

Money Not Provided: $11,920,000

Management Fee: 1.50%

Amount of Fee for Money Not Provided: $178,800

6.

Oaktree Capital Management Fund III

Total Money Committed: $20,000,000

Money Provided: $9,600,000

Money Not Provided: $10,400,000

Management Fee: 1.75%

Amount of Fee for Money Not Provided: $182,000

5.

EnCap Energy Fund IX

Total Money Committed: $18,000,000

Money Provided: $3,407,917

Money Not Provided: $14,592,083

Management Fee: 1.50%

Amount of Fee for Money Not Provided: $218,881

4.

CVC VI

Total Money Committed: $20,466,645

Money Provided: $20,466,645

Money Not Provided: $20,304,811

Management Fee: 1.50%

Amount of Fee for Money Not Provided: $304,572

3.

Providence Equity Partners VII

Total Money Committed: $25,000,000

Money Provided: $4,095,723

Money Not Provided: $20,904,277

Management Fee: 1.50%

Amount of Fee for Money Not Provided: $313,564

2.

Riverside VI

Total Money Committed: $20,000,000

Money Provided: $2,464,227

Money Not Provided: $17,535,773

Management Fee: 2.00%

Amount of Fee for Money Not Provided: $350,715

1.

Carlyle Asia Partners IV

Total Money Committed: $30,000,000

Money Provided: $3,453,921

Money Not Provided: $26,546,079

Management Fee: 1.50%

Amount of Fee for Money Not Provided: $398,191

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