Add Fee Break True-Ups to a Distribution

In Maybern, management fee distribution methodology is defined under Fees configuration. The default is fee break distributions, which enables you to allocate a portion of distributions to investors with unique fee breaks to resolve open fee break amounts

You may change the configuration to support management fee holdbacks, which will enable you to view outstanding net fees and select which periods to deduct from distribution proceeds. To update the configuration, navigate to Configuration → Fund Family → Fees → Management fee distribution methodology

This guide assumes the default configuration

Follow the steps referenced in Run a Distribution & Waterfall to begin your distribution

On the page titled Add amount to distribution, Click Add Fee Break in the top right corner to apply a fee break distribution. This will enable a breakdown of outstanding fee breaks by fee period

Under Fee Break Amount (Management Fee) $, specify the amount to be netted from the total distribution amount toward fee breaks. Note that this amount cannot be larger than the total outstanding fee breaks.

To cancel the fee break true up, simply click Remove on the top right corner. To proceed with the distribution, click Continue to Investor Breakdown

For more information on how to finalize the Distribution & Waterfall, refer to Run a Distribution & Waterfall