Fees and Compensation — Form ADV Part 2A (6/11/2025)
[Brochure]
Item 5 Fees and Compensation
The Investment Manager is entitled to receive a management fee
from each fund that Bequest advises at a monthly rate equal to
Management fee:
0.2083% (2.50% per annum) of the net asset value of the Fund as of
the last business day of each calendar month.
All Bequest affiliated funds, the fund administration fee is a flat fee
that equated to approximately 0.16% per annum since the Fund’s
Administration fee:
inception. This fee is paid to the Fund Administrator and not to
Bequest.
None. Various Bequest Related Funds pay a monthly Preferred
Incentive fee: Return ranging from 6.0% to 11.0% depending on the share class
subscribed for.
Hurdle rate/high water mark: Not Applicable
Sales fee: Not Applicable
All Bequest affiliated funds do not have any redemption fees. The
Investment Manager is considering, but has not implemented, an
Redemption fee: early Redemption Fee which would apply as follows: 6.0% of the
redemption request within the first year and 3.0% of the redemption
request amount prior to the end of the second year.
We envision Bequest as a firm that:
• Offers a curated suite of income-producing investment products across real estate, energy, and private credit
• Builds a trusted brand among both retail investors and financial advisors
• Launches a fully integrated advisory platform designed to help investors make confident, long-term financial
decisions
Three Strategic Pillars Drive This Vision:
1. Multi-Channel Capital Formation
Expanding our investor base through both retail outreach and RIA partnerships, enabling us to diversify our
capital sources and reduce channel risk.
2. Product Innovation
Launching new funds and investment structures that meet the evolving needs of income-focused investors—
while maintaining our core principles of predictability, security, and performance.
Build a World-Class Investor Experience
• Launch an Investor Relations Concierge Team to deliver high-touch, personalized service.
• Reinforce investor trust and loyalty through transparency, responsiveness, and proactive communication.
→ Led by: Operations & Sales/Marketing
2. Optimize and Scale the Retail Sales Process
• Systematize webinars, CRM flows, and follow-up sequences to raise capital with consistency.
• Empower a lean team to execute at a high level.
→ Led by: Sales/Marketing, supported by Finance
3. Reach Sustainable Profitability
• Achieve firm-wide profitability for the first time—without compromising strategic investments.
• Align team budgets, compensation structures, and operational decisions with profitability goals.
→ Led by: Finance, with cross-departmental accountability
Account Minimums and Types of Clients — Form ADV Part 2A (6/11/2025)
[Brochure]
Item 7 Types of Clients
TARGET AUDIENCE & PERSONAS:
• Retail/Existing: Age range 40-60, US based, close to retirement or retired that prefer to take control of their
investment decisions. They are executives, technical professionals, and business owners that have tried real
estate, REITs, or other passive income sources that are no longer consistent and predictable.
• Partnerships: an established network of investors that mirror the retail persona of at least 1,000 or more,
looking to conduct due diligence on Bequest to offer the operator on their platform or within their network as a
preferred asset management firm.
• B2B: boutique RIA, or capital introducer, which has a client base that mirrors the retail persona, may have
$500M or less in AUM, or network with larger check size looking for consistent and predictable returns.
Currently Bequest manages four funds with a total of 154 investors, all US based and 98% accredited investors.