Value Creation Approach
GEP V TERMS
ECM
The following information is presented as a general summary of certain key terms of the Fund and is qualified in its entirety by the Fund's
limited partnership agreement ("Partnership Agreement"). Capital terms below have the same meaning as those terms defined in the
Partnership Agreement. To the extent that any of the terms of this summary conflicts with those in the Partnership Agreement, the terms of
the Partnership Agreement shall prevail.
Hard Cap
Team Commitment
Investment Period
Term
€325 million (excluding GP commitment of €6.5 million)
2% of total commitments with the ability to increase this at a later date by up to another 2%
Five years
Ten years with two one-year extensions
Management Fees
Preferred Return
2% management fees payable to ECM (plus 19% VAT payable to German State)
8%
Carried Interest
20%
Clawback
Yes
Key Persons
Fee Offset
2 of 4 (Chris Peisch, Axel Eichmeyer, Florian Kähler, Bernard De Backer)
100%
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