Augmentum Fintech | Charges

1.9

1.9

31/03/2023

Download the AIC ongoing charge methodology

The advisory fee is payable monthly in arrears at 1.5% p.a. on the first GBP 250m of NAV; 1.0% p.a. on any amounts above GBP 250m. The Investment Adviser shall be entitled to a carried interest fee in respect of the performance of any investments and follow-on investments made from admission. Each carried interest fee will operate in respect of investments made during a 24-month-period and related follow-on investments made for a further 36-month-period save that the first carried interest fee shall be in respect of investments acquired using 80% of the net proceeds of the Issue (including the Initial Portfolio), and related follow-on investments. Subject to certain exceptions, the Investment Adviser will receive, in aggregate, 15% of the net realised cash profits from the investments and follow-on investments made over the relevant period once the company has received an aggregate 10% p.a. realised return on investments and follow-on investments made during the relevant period. The Portfolio Management Agreement may be terminated by either party giving notice of not less than 12 months.

Yes

15

Subject to certain exceptions, the Portfolio Manager receives, in aggregate, 15% of the net realised cash profits from the investments and follow-on investments made over the relevant period once the Company has received an aggregate annualised 10% realised return on investments and follow-on investments made during the relevant period.