Management fees
Management fees are charged by fund managers to cover operating expenses, salaries, and other costs associated with managing the fund. These fees are typically structured as a percentage of committed capital and ensure the fund's ongoing operational viability.
The standard management fee is often around 2% per year, though this may vary depending on the fund’s structure. Management fees are usually paid quarterly, often on the first day of each quarter, to the designated fee recipient.
How to access and withdraw management fees
To access and withdraw management fees, follow these steps:
- Go to your dashboard
Log into your AngelList account and navigate to your GP dashboard. - Locate the management fees section
- If you use AngelList's Management Company offering, go to the Management Companies tab.
- Otherwise, go to Settings and select the Fee Recipient tab to view your management fees.
- Check transactions
- Navigate to the Transactions section to review the ledger of fees received by your designated entity.
- Initiate a withdrawal
- Add a bank account of your choice to withdraw funds.
- Confirm the transaction
- Review the details before confirming.
- ACH withdrawals typically take 3-7 business days to process, while wire transfers may vary slightly.
Ensure your available balance is sufficient for the withdrawal and that your bank details are correct to avoid any processing issues.