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A few people have recently asked whether Marketplace tracks performance-based fees. The short answer is yes, at a meaningful scale, it just hasn't been easy to find until now.
In this article, we'll walk through how to search for that data right now, and how it directly shapes fee conversations and diligence.
What's Changing With Performance Fee Data
Dakota is working to structure performance fee data into a dedicated Performance Fee field and display it alongside Base Fee on fee schedule views. That means terms like carried interest, hurdle rates, incentive fees, preferred returns, and promote, which currently live in free text, will soon be a structured field you can filter and report on directly rather than something you have to search for.
3 Ways to Use Performance Fee Data in Dakota Marketplace
Use the Workaround Available Right Now
You don't have to wait for the structured field to start finding this data. On the Fee Schedules page, use the Additional Filtering option on the Total Fee field and enter terms such as carried interest, hurdle rate, incentive fee, preferred return, and promote, separated by commas. That surfaces records where that language appears, giving you a working filter today instead of a manual read-through.
Book a demo to see performance fee data for the asset classes you cover.
Use It to Price a Strategy Against What Comparable Managers Actually Charge
Knowing what a public pension already pays comparable managers, and whether they accept performance fee structures at all, directly shapes how you price a strategy and prepare for a fee conversation. Rather than guessing at whether a hurdle rate or carried interest structure fits a given allocator's typical arrangement, you can check what similar managers have actually charged before you set your own terms.
Use It as a Core Diligence Question for Allocators
For allocators, fee benchmarking is a core diligence question: what do peers pay for similar strategies, and is a proposed structure market standard? As performance fee data becomes fully structured, that question moves from a research project, reading through fee schedule after fee schedule, into a straightforward filter you can apply directly.
Start Filtering on Performance Fee Language Today
You don't need to wait for the dedicated field to launch to start using this data. Apply the Additional Filtering workaround on the Total Fee field now, and once the structured Performance Fee field goes live, that same information will be even faster to find and report on.
Book a demo to see how performance fee data works alongside Base Fee on fee schedule records.
FAQs
Does Dakota Marketplace track performance-based fees? Yes, at a meaningful scale, though it's currently housed in free text rather than a structured field.
How do I search for performance fee data right now? Use the Additional Filtering option on the Fee Schedules page's Total Fee field, and enter terms like carried interest, hurdle rate, incentive fee, preferred return, and promote, separated by commas.
What's changing with this data? Dakota is structuring it into a dedicated Performance Fee field that will display alongside Base Fee on fee schedule views.
