other_material
confidence high
sentiment neutral
materiality 0.65
Remora Capital enters investment management and sub-advisory agreements as newly elected BDC
Remora Capital Corp
- Management fee of 1.00% of par value; incentive fee with 1.5% quarterly hurdle and 15-20% catch-up.
- Crescent Capital sub-advisor for senior secured loans; fee tiered from 0.50% to 0.40% of aggregate value.
- Kayne Anderson sub-advisor; fee 0.75% per annum of aggregate investment value of Kayne portfolio investments.
- Eldridge Credit Advisers to source investments; fee 0.80% per annum of Eldridge-approved investments.
item 1.01item 2.01item 3.02item 9.01