Capital Structure
Investments will be typically financed with 70% - 80% loans, the remainder of the capital being provided by limited partner equity.

Partnership Organization
Each acquisition will be structured as it’s own individual partnership (Limited Partnership or Limited Liability Company). This structure will enable us to better protect our individual assets. Virtú will act as the Managing General Partner in each partnership.

Acquisition Fees/Limited Partner Preferred Return
Unlike many investment groups, Virtú will not take the acquisition fee in cash. Some cash will be taken up front to fund deal costs, but the vast majority will become equity in the investment. This equity (Class B equity) will be subordinated to other Limited Partners (Class A equity) receiving a specific preferred return. In other words the General Partners make nothing until the Limited Partners receive their preferred return. This structure creates incentives to do deals based on quality and performance rather than volume.

Disposition Splits
Upon sale, the General partner will receive a to be determined percentage of profits above the Limited Partners receiving their initial capital plus their preferred return. Unlike investments with back end fees based on sales price, Virtú receives nothing upon disposition unless the deal performs to a certain level. An anticipated split of sales proceeds would be as follows: (1.)Class A Limited partners receive original investment plus a preferred annual return (non compounded), (2.)Class B Limited partners receive their equity amount plus the same preferred return, (3.)Any additional proceeds would be split with an agreed upon percentage going to the General partner and the remainder split evenly among all limited partners.

Asset Management Fee
Virtú will receive an annual Asset management Fee. The fee will typically be equal the lesser of 1% of the purchase price or $250 per unit. The asset management fee shall be fixed throughout the duration of the partnership and shall not be subject to adjustments.