Fees are charged based on the specific product (Flagship Fund, Interval Fund, or Evergreen) an investor chooses. The Flagship Fund charges a management fee of 1.0% of committed capital related to investments in other investment funds and an additional 1.0% on committed capital related to investments in private deals without an intermediary fund. After a 7.0% preferred return, investors pay a 10% performance-based fee related to investments in other investment entities and a 20% performance-based fee related to investments in direct investments. Interval Fund investors pay a management fee of 1.5% of assets under management. Evergreen investors pay a management fee of 1% annually of the fair market value of its investments and a 10% performance based fee on the appreciation of their capital account during the year.