Nauman S. Malik
About Nauman S. Malik
Nauman S. Malik, age 44, serves as Chief Compliance Officer (CCO) of Eagle Point Institutional Income Fund (EIIA) since inception; he is also Senior Principal and General Counsel at Eagle Point affiliates. He holds a J.D. from Georgetown University Law Center and a B.S. in finance from the Wharton School of the University of Pennsylvania . Officers of the Fund are not directly compensated by the Fund, and the proxy does not disclose individual TSR, revenue growth, or EBITDA growth for Mr. Malik; compensation costs for officers are included within the Administrator’s allocable fees .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Eagle Point Credit Management LLC | Chief Compliance Officer | Sep 2015 – Mar 2020 | Built and oversaw compliance frameworks for CLO/credit strategies across Eagle Point vehicles |
| Eagle Point Income Management LLC | Chief Compliance Officer | Oct 2018 – Mar 2020 | Established compliance program during launch/expansion of income fund platform |
| Marble Point Credit Management LLC | Chief Compliance Officer | Aug 2016 – Dec 2020 | Led compliance for affiliated credit manager, supporting governance and regulatory adherence |
| Dechert LLP | Corporate Attorney | Not disclosed | Corporate and fund regulatory practice; foundation for compliance/legal leadership |
| Monsoon Capital LLC | General Counsel | Not disclosed | Oversight of legal/compliance at investment manager; governance and risk controls |
External Roles
| Organization | Role | Tenure |
|---|---|---|
| Eagle Point Credit Company Inc. | Chief Compliance Officer | Since Sep 2015 |
| Eagle Point Income Company Inc. | Chief Compliance Officer | Since Oct 2018 |
| Eagle Point Enhanced Income Trust | Chief Compliance Officer | Since Aug 2023 |
| Eagle Point Defensive Income Trust | Chief Compliance Officer | Since Feb 2024 |
| Eagle Point Institutional Income Fund (EIIA) | Chief Compliance Officer | Since inception |
| Eagle Point Credit Management LLC | Senior Principal and General Counsel | Since Jun 2015 |
| Eagle Point Income Management LLC | Senior Principal and General Counsel | Since Oct 2018 |
| Eagle Point Enhanced Income Management LLC | Senior Principal and General Counsel | Since Jun 2023 |
| Eagle Point Defensive Income Management LLC | Senior Principal and General Counsel | Since Sep 2023 |
Fixed Compensation
- The proxy states “none of the Fund’s officers is directly compensated by the Fund.” Compensation-related costs for the CCO and other officers are incurred under the Administration Agreement as allocable portions of the Administrator’s overhead (including compliance costs) .
- Fund-level Advisory Agreement economics: base management fee of 1.75% of Managed Assets, and an incentive fee equal to 20% of Pre-Incentive Fee Net Investment Income subject to a quarterly 2.00% NAV hurdle (8.00% annualized) and catch-up; no capital gains fee .
- For FY2024, base and incentive fees incurred under the Advisory Agreement totaled $3.6 million; expenses under the Administration Agreement totaled $0.5 million .
Performance Compensation
- The proxy provides no disclosure of an individual bonus, RSU/PSU awards, stock options, vesting schedules, or performance metrics tied to Mr. Malik’s compensation; officers are not directly compensated by the Fund and individual award detail is not provided .
Equity Ownership & Alignment
| Metric | Value |
|---|---|
| Common Shares Beneficially Owned | 0 |
| Common Shares Ownership % | 0.0% of 12,423,963 Common Shares outstanding |
| Preferred Shares Beneficially Owned | 0 |
| Preferred Shares Ownership % | 0.0% of 1,400,000 Preferred Shares outstanding |
| Vested vs Unvested Shares | Not disclosed in proxy |
| Options (Exercisable/Unexercisable, in-the-money) | Not disclosed in proxy |
- Stock ownership guidelines, pledging/hedging policies, and guideline compliance are not disclosed in the proxy for officers .
Employment Terms
- Office held “at the pleasure of the Board” and until a successor is chosen and qualifies, or earlier resignation/removal; tenure noted as “since inception” for EIIA .
- The proxy does not disclose an individual employment agreement, non-compete/non-solicit provisions, severance or change-of-control terms, garden leave, consulting arrangements, or clawbacks for Mr. Malik .
Investment Implications
- Alignment: As CCO and General Counsel across multiple Eagle Point vehicles, Mr. Malik’s role is compliance/legal rather than portfolio management; he holds no direct EIIA share ownership, implying limited fund-level “skin-in-the-game” alignment via EIIA equity itself . However, officer compensation flows through the Administrator under the Administration Agreement, suggesting alignment primarily at the adviser/administrator level rather than Fund-level equity .
- Trading signals: Absence of disclosed equity awards or share ownership reduces insider selling pressure risk around vesting events; monitoring future proxies and any Item 5.02 8-Ks for role changes or new award structures remains prudent .
- Governance stability: Board committees (Audit and Nominating) are fully independent trustees; there is no separate compensation committee, and independent trustee compensation is set via the Nominating Committee, which may indicate streamlined governance for the Fund’s oversight of fees and compliance processes .