York: York IE charges zero management fees, taking only deal-by-deal carry
Kyle York · York hits $1.5m Revenue Helping Founders Scale · Nov 7, 2020 · at 11:24
Kyle York, CEO of York IE, breaks down his firm's evergreen syndicate structure and economic model for Nathan Latka.
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“So what we basically created is a master series vehicle, a high net worth individuals and family offices invest alongside our capital. There's no traditional management fee and there's no traditional fund economics. We get a five year commitment from our investors to give an annual amount per year. And they get a percentage of every single deal we do every year. And then the economics, the York IE, or we take a carried interest on a deal by deal basis, not on the fund wide basis. So we pass through no management fees, no deal fees. And we just make money on the economics on the deal by deal carry interest.”
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