Fees and Compensation — Form ADV Part 2A (3/31/2022)
[Brochure]
Item 5: Fees and Compensation
A. Management Fees
Bala receives compensation for their advisory services in the form of management fees
from each of the Bala Funds. Fees range from 0% to 2.0% depending on the fee structure
selected by the investor. Bala receives fees quarterly, in advance, based on the average
assets for the prior quarter.
Fees vary depending on the series/class of share selected. Details on the various fee
structures are provided in each of the Bala Funds’ offering documents. The Bala Capital
Opportunity Fund, LP and Bala Capital Opportunity Master Fund Ltd. operated in a
“Master Feeder” fund structure. As such, management fees will only be assessed by the
Master Fund.
Bala, in its sole discretion, may reduce or waive management fees.
Account Minimums and Types of Clients — Form ADV Part 2A (3/31/2022)
[Brochure]
Item 7: Types of Clients
Alternative investments recommended by Bala exist in the form of private placement
securities. Bala’s clients are the Bala Fund which are exempt from registration as securities
offerings under Rule 506 of Regulation D of the Securities Act. Participation as an investor in
the Bala Funds is restricted to investors that are either “qualified clients” pursuant to the
requirements under Rule 205-3 under the Advisers Act, or “accredited investors” or “qualified
purchasers”, as defined under Rule 501 of the Securities Act. Investor qualification requirements
are noted within the Bala Funds’ offering documents.
Filed 2021-06-25 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $250,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
0
0.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
3
12.2
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above