# kaal:claim:2959730-010

**Claim.** Market oversaturation increases pressure on private investment fund managers' performance and produces compromise fee arrangements such as charging fees on invested capital only.

**Type.** mechanism  **Support.** argued

**Holds when.**

- oversaturated and highly competitive fundraising market

**Source quote.**

> According to some observers the market is oversaturated which increases pressure on private investment fund managers' performance26 and results in compromise fee arrangements, such as paying fees on invested capital only.

**From.** Wulf A. Kaal, *Blockchain Applications and Fee Structure Developments in Private Investment Funds* (2017), III. Factors Creating Downward Pressure on Fees, page 8

**Cite as.** Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

**Verify.** sha256 of source PDF `ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Applications%20and%20Fee%20Structure%20Developments%20in%20Private%20Investment%20Funds.pdf

**Topics.** economics

**Keywords.** market-saturation, fee-structure, invested-capital, competition

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/2998033-028

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