Fees and Compensation — Form ADV Part 2A (3/17/2016)
[Brochure]
Item 5 - Fees and Compensation
Fees and Expenses
29 Street, on a semi-annual basis, may charge a fee of up to 0.75% per year on
certain assets under management. Such fee may be waived or altered for specific
Investors. In addition, 29 Street will be responsible for paying all expenses incurred by
it in the performance of its obligations under the IMA unless 64NM agrees in writing
to reimburse the Firm for any specified expense. Please review the IMA for additional
information regarding the fees and expenses.
Item 6 - Performance Fees
The General Partner will generally receive an apportioned carried interest distribution
(the “Carried Interest Fee”) from Investors in 64NM. The General Partner, in its own
discretion, may waive or reduce the Carried Interest Fee for specific Investors.
Compensation based on performance will only be charged in accordance with the
provisions of Rule 205-3 under the Advisers Act, whereby each Investor that is
charged a performance fee must be a “qualified client.”
Account Minimums and Types of Clients — Form ADV Part 2A (3/17/2016)
[Brochure]
Item 7 - Types of Clients
64NM is a private fund that meets the exclusion from the definition of an investment
company under Section 3(c)(7) of the Investment Company Act of 1940. In addition,
29 Street’s other clients include the Proprietary Accounts.