Cannae Holdings, Inc. (CNNE) announced that the company has agreed to wind down its Management Services Agreement with Trasimene Capital Management, LLC. Effective July 2, the MSA will be amended and restated to provide that Trasimene will receive a fixed management fee of $7.6 million for each of the following three years, and a $20 million termination fee, payable in three annual installments, and no fees thereafter.
Trasimene will not receive any incremental management fees or carried interest on investments made by Cannae Holdings on or after February 26, 2024. Beginning July 2, 2024, Trasimene will not receive any management fees or carried interest on any of the company's investments.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.