Emerging Managers Are Rethinking Fund Fees, March 2025

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Discover how emerging venture fund managers are shifting away from outdated fee models and embracing lean, LP-friendly structures. Using real data from 39 funds on Sydecar’s platform, this report uncovers the latest trends in fund economics—and how fee design is becoming a key competitive edge for first-time managers.

Download the report for deeper insights, including:

How nearly 60% of managers are front-loading fees during the investment period instead of sticking with a 2% flat annual fee.
Why the average lifetime fee has dropped to 13.3%, far below the traditional 20% model.
How smaller funds are adapting fee structures to attract LPs and stand out in a tough fundraising market.
What the data reveals about fee decisions across different fund sizes—and why AUM doesn’t determine your fee strategy.
How post-deployment fee reductions are helping managers build stronger LP relationships and raise future funds.

Download the report to explore the latest data on fund fee models, LP expectations, and how emerging managers are rewriting the rules on fund economics.

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