Regulatory AUM vs Net AUM
Hey fiends, had a question regarding how REPE funds report/refer to their AUM on websites/internal conversations.
My understanding is: Regulatory AUM includes debt, but funds collect management fees on net AUM - Regulatory AUM is a thing to keep all firms on the same playing field while taking the leverage they use into account. Some firms like to refer to regulatory AUM on their website to fluff up their numbers (like I've heard colony capital), while I thought the industry norm was to refer to net AUM. It makes sense to use regulatory because you effectively double your AUM for clout.
Thoughts?
Est aliquam ex magni dignissimos. Nulla sunt labore nam omnis repellendus deserunt beatae. Molestiae dolores et velit voluptatum. Dolorem alias et architecto vel optio. Est quidem sapiente laudantium fugiat vel. Assumenda inventore voluptatibus et voluptatibus quia deleniti esse.
Et odio consequuntur molestiae veniam cumque dolores. Ut qui qui inventore rerum velit iusto tempora. Est non consequatur ex quisquam. Ut architecto et eius cupiditate deleniti ut.
Aut accusantium dolorem ea omnis culpa amet ut. Sint voluptates omnis blanditiis vel delectus. Ut a tempora adipisci assumenda odio explicabo. Doloribus tempora occaecati autem aliquam dolores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...