The fund will also be established as an exempted limited partnership in the Cayman Islands. It will be managed by a general partner to be jointly incorporated by MindChamps and Foundation.
The general partner will receive recurring management fees from the fund as well as"carried interest" depending on the fund's performance. MindChamps will receive profits from the general partner's operations based on its 50 per cent shareholding. This company will facilitate the operation, training and upgrading of newly established or acquired preschools under the MindChamps brand in the GCC. It will also acquire an initial 30 unit franchises from MindChamps for resale and application to preschools owned by the GCC PreSchool Fund.
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