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  "documentTitle": "Howard Hughes Holdings Inc. (HHH)",
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  "authorName": "William Ackman",
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  "notes": "The slide uses a contrast-based layout to highlight the competitive advantages of the HHH Services Agreement (no performance fees, daily liquidity).",
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      "text": "HHH Services Agreement advisory fee is in-line with non-traded private equity vehicles with no additional servicing fees",
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      "text": "Management / Advisory Fees",
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      "text": "Source: BXPE, K-PRIME Fact Sheets. NAV as of November 30, 2024.",
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      "text": "Comparison matrix of Examples, Management Fees, Performance Fees, and Liquidity for K-PRIME, BXPE, and HHH.",
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      "text": "Fee Comparables: Non-Traded, Perpetual Private Equity Vehicles",
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