Capital Raising

Placement-Agent Fee

Success fees on a capital raise — a flat rate, or the tiered Lehman / Double-Lehman scale — with optional retainer credit. See the effective take and the net to the issuer.

Fee structure

Capital raised

Success-fee rate

Retainer / work feeoptional

Retainer credited against the success fee

Total fee

$500.0K

2.00% effective

Net to issuer

$24.50M

of $25.00M raised

Fee build-up

Success fee · 2% of $25.00M$500,000

Success fee subtotal$500,000

Total fee$500,000

The Lehman scale charges 5/4/3/2/1% on each successive $1M, then 1% on the balance. Double Lehman doubles those to 10/8/6/4/2%. Institutional fund placements often run a flat ~1–2.5% of commitments; smaller / retail raises run higher.

For modeling and illustration only — not investment, legal, or tax advice. Conventions vary by fund; verify against your governing documents.