Broker-dealer commissions, due diligence, marketing allowances, and placement agent fees total $10,900,000 (8% of equity).
Front-end fee composition
Strengths
- Total sales commissions and fees capped at 8%
- Direct breakdown of BD marketing, DD, and placement fees
Concerns
- Total front-end fees reach $10,900,000
- Up to 6% paid in direct selling commissions