Fees and Compensation — Form ADV Part 2A (3/27/2026)
[Brochure]
Item 5. Fees and Compensation
Fees and compensation will be described in the Funds’ Governing Documents.
Management Fee
The Adviser is paid a management fee from the Funds quarterly in advance. The management fee will
generally be equal to 2.5%-3% of each limited partner’s capital commitment in the fund through the fifth
anniversary of the activation date (as defined in the fund’s governing documents). Subsequently, the
management fee will be the 2.5%-3% of the aggregate amount of the capital contribution of each limited
partner in respect of investments that have not been disposed of, less any return of capital. Once paid,
the management fees will be non-refundable, but will be appropriately prorated to reflect any
distributions and contributions which occur during a quarter. The Adviser expects to deduct such
management fees from each Fund. The Adviser will, pursuant to a side letter or similar agreement with a
limited partner, waive, reduce, defer or calculate differently the management fee for certain limited
partners.
Carried Interest
The Adviser is entitled to receive performance-based allocations from the Funds, as further described in
Account Minimums and Types of Clients — Form ADV Part 2A (3/27/2026)
[Brochure]
Item 7. Types of Clients
Investors in the Funds are high net worth individuals, family offices, funds of funds and other institutional
investors that qualify as “accredited investors” (as defined in Rule 501 under the Securities Act of 1933,
as amended) and qualified purchasers. The minimum initial investment in the Funds is set forth in the
Funds’ Governing Documents. The Adviser may waive such minimum under certain circumstances.
Offered $100,000,000 · Filed 2022-02-08 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Remaining $19,191,992 · Duration One year or less · Revenue Decline to Disclose