Fees and Compensation — Form ADV Part 2A (3/30/2020)
[Brochure]
Item 5: Fees and Compensation
Castine receives management fees as compensation for performing advisory services to the Funds equal
to 1.0% of the net assets of the Funds. Management fees are paid quarterly in advance and are prorated
for capital contributions made during the quarter. The management fee is not negotiable, although Castine,
retains the discretion to waive or reduce the management fee for investors that are principals, employees
or affiliates of the adviser or General Partner or relatives of such persons, and for certain large or strategic
investors. Castine does not collect a management fee from its affiliated and employee investors or their
relatives.
In addition to the management fee, each investor bears its allocable share of expenses associated with the
operations of the Funds including, but not limited to, legal, accounting, auditing and other professional
expenses, research expenses, third party administrative expenses, investment expenses such as
commissions (further described in Item 12), custodial fees, bank service fees, Administrator fees and
expenses, director’s fees and expenses and other expenses related to the purchase, sale or transmittal of
fund assets. The Funds will bear organizational expenses, including the expenses of the initial offer and
sale of limited partnership interests. Potential investors should review the appropriate Fund offering
documents for complete disclosure of investor fees and expenses.
Neither Castine nor any of our supervised persons accepts compensation for the sale of securities or
other investment products.
Account Minimums and Types of Clients — Form ADV Part 2A (3/30/2020)
[Brochure]
Item 7: Types of Clients
Castine provides investment advice to privately offered pooled investment vehicles, one of which qualifies
for an exemption under the Investment Company Act of 1940, as amended. The offshore fund is a Cayman
Islands exempted company. Investors in the Funds include, but are not limited to, endowments, other
funds, high net worth individuals, family offices and charitable institutions.
A minimum initial investment of $500,000 is generally required to invest in our funds. However, Castine
has discretion to decrease or waive the minimum initial investment as long as the investor qualifies to invest
based on all other suitability and regulatory requirements as applicable to each fund.