The City Manager manages a team of at least six Brokers operating in the area of a town and its neighborhood.
Each time one of his Brokers concludes a Subscription or a Transaction, the City Manager earns an overhead commission of 2% on top of that private equity subscription or of 1,5 % on top of that private equity transaction and of 0,25% on a private debt subscription, 0,1% on a private debt transaction. The debt commissions are paid yearly for all duration of the loan but only if the loan Issuer is both actually and currently honoring the debt service payments.
All commission rates through the hierarchy are down cumulative. This means that a City Manager selling directly to an investor will get his Broker’s commission and his own commission.