MANDATE HOUSE / PRICING
A dedicated allocator
development desk.
Research, approved outreach, materials follow-up and pipeline reporting. A consistent process for relationships that take time.
THE ECONOMICS, IN YOUR TERMS
What could this mean for your fund?
See how allocator conversations translate into capital and fee revenue. Adjust the inputs to match your fund.
ONE ALLOCATION · FIRST FULL YEAR INVESTED
Investor potential gross gain in year one
$450,000$3,000,000 × 15% assumed gross return
Per allocation, before fund fees, using your assumed annual return.
Your fund’s fee economics
CUMULATIVE RESULTS · 18 MONTHS · PER MANAGER CLIENT
Selected planning horizon · first allocations modelled in month 4
- Management-fee revenue
- $187,489
- Performance-fee accrual
- $243,736
- Total modelled fee revenue
- $431,226
- Service cost
- $90,000
- Fee revenue above service cost
- $341,226
Manager fee revenue before other expenses and taxes; cash receipts depend on fee-payment terms.
Priority early pipeline
- Aligned family offices
- Emerging-manager-friendly allocators
- Allocators with known open mandates or active allocation intent
Allocation timing: Initial allocations may begin around month 4 as the pipeline develops over 6–18 months. Larger institutions form a longer-term pipeline.
Active mandates help prioritize timely conversations; allocations still depend on fit, diligence and approval.
The path to funded capital
18 months cumulative- 9,000Outreach attempts
- 1,800Accepted outreach
- 900Replies
- 720Materials requested
- 102Allocator meetings
- 4.5Investing allocators
Projected pipeline at your selected conversion rates. Fractional counts represent expected outcomes.
Add your track record
Your net track record is shown alongside the planning assumption. Entering it does not change the calculations. Gross return is performance before fund fees; net return is investor performance after management and performance fees.
This copies the number, without converting net to gross. The scenario then deducts fund fees.
Adjust the funnel assumptions
Base uses your planning assumptions; Higher increases conversion rates. A full month of initial outreach models 6 allocator meetings after the meeting delay.
Monthly outreach and conversion rates stay constant in this simplified model. Outreach attempts are not unique contacts. Editing service cost changes this illustration only.
Compare all four time horizons
| Metric | 6 months | 12 months | 18 months | 5 years |
|---|---|---|---|---|
| Outreach attempts | 3,000 | 6,000 | 9,000 | 30,000 |
| Accepted outreach | 600 | 1,200 | 1,800 | 6,000 |
| Replies | 300 | 600 | 900 | 3,000 |
| Materials requested | 240 | 480 | 720 | 2,400 |
| Allocator meetings | 30 | 66 | 102 | 354 |
| Investing allocators | 0.9 | 2.7 | 4.5 | 17.1 |
| New subscriptions | $2,700,000 | $8,100,000 | $13,500,000 | $51,300,000 |
| Management fees | $9,052 | $69,084 | $187,489 | $2,933,269 |
| Performance fees | $11,768 | $89,809 | $243,736 | $3,813,250 |
| Total fee revenue | $20,820 | $158,893 | $431,226 | $6,746,519 |
| Service cost | $30,000 | $60,000 | $90,000 | $300,000 |
| Revenue / cost | 0.69× | 2.65× | 4.79× | 22.49× |
| ROI before other expenses | -30.6% | 164.8% | 379.1% | 2148.8% |
How the calculation works
Scenario presets are planning inputs, not historical results or market benchmarks. Allocation size is the initial ticket, not the fund minimum. Pipeline figures are expected values and actual outcomes may be zero. Requests for materials do not establish that materials were reviewed; the model does not deduplicate contacts.
Known open mandates can shorten the path to a conversation and diligence. Strategy fit, due diligence, approval and available capacity remain necessary; no extra conversion uplift is assigned. Larger institutions generally require longer diligence and committee processes.
Outreach is prioritized toward allocators most likely to be actionable now: family offices that can make principal-led decisions, established emerging-manager investors, and verified open mandates when available.
Monthly outreach × acceptance × replies × materials requests × meetings × investment conversion determines the expected allocations per monthly cohort. Rates and activity remain constant; this model does not adjust for contact-pool depletion or repeat outreach. Outreach attempts are not unique contacts. At the defaults, meetings begin in month two and the first allocation cohort enters in month four. “First allocation month” counts from the start of the engagement; choosing 4 includes months four, five and six in the six-month view. Timing is editable to match your pipeline.
New subscriptions are added at the start of each eligible month. Gross gain equals opening incremental AUM × the assumed annual gross return ÷ 12. Management fees equal opening AUM × the annual management-fee rate ÷ 12. Performance-fee accrual equals positive gains after management fees × the performance-fee rate. Closing AUM carries forward after both fees.
ROI = (cumulative fee revenue − service cost) ÷ service cost. Revenue/cost = cumulative fee revenue ÷ service cost. This is a smooth monthly accrual illustration, not a cash-flow forecast; no IRR is shown.
No hurdle, redemptions, taxes, other fund or manager expenses, fee sharing, discounts, or terminal value are included. High-water marks, loss recovery, catch-ups and actual fee-payment dates are not modelled. Funds with these terms need a tailored calculation. Gross return is an assumption, not a claim of alpha or market outperformance. A performance or incentive fee is a share of eligible gains, not an annual investment return. The standalone year-one investor illustration is initial allocation × annual gross return, without monthly compounding or fees.
Illustrative scenario based on your inputs, not a guarantee. Actual allocations, timing and returns vary.
Start with your assumptions.
Review the investor fit, timing and economics together before deciding on an engagement.