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The combination triples infrastructure AUM and doubles private markets run-rate managementfees. This was due to the relative outperformance of lower fee U.S. equity markets and client preferences for lower fee U.S. The closing of GIP added $116 billion of client AUM and $70 billion of fee-paying AUM on October 1.
But what exactly does this fee cover, and why is it important for your transaction? But, as with any professionalservice, they don’t work for free! The fee you pay can vary widely based on several factors, including the complexity of the deal and the services provided. It’s absolutely vital!
And moving forward, we expect to leverage our investment to support margin expansion while continuing to innovate and lead other parties in in technology. aNPS helps us at the management team understand where we can improve and where we can focus our resources. Now I'll move to some highlights from the first quarter.
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