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Invesco is cutting management fees 20% through 2027 for investors in its $12.7B core real estate fund.
A tender offer will let investors exit at 95% of net ******* et value, funded by affiliate IDR Investment Management.
Invesco and its leaders will add up to $150M, echoing a $400M Blackstone backstop earlier this year.
Invesco is cutting management fees by 20% for investors in its $12.7B core real estate fund. The firm disclosed the move in a recent investor letter reviewed by Bloomberg. It is one of two steps aimed at easing what Invesco called an elevated redemption queue.
#daily #management #estate
Invesco is cutting management fees 20% through 2027 for investors in its $12.7B core real estate fund.
A tender offer will let investors exit at 95% of net ******* et value, funded by affiliate IDR Investment Management.
Invesco and its leaders will add up to $150M, echoing a $400M Blackstone backstop earlier this year.
Invesco is cutting management fees by 20% for investors in its $12.7B core real estate fund. The firm disclosed the move in a recent investor letter reviewed by Bloomberg. It is one of two steps aimed at easing what Invesco called an elevated redemption queue.
#daily #management #estate
11 days ago
