Fees and Compensation — Form ADV Part 2A (3/26/2024)
[Brochure]
Item 5. Fees and Compensation
The fees applicable to each Client are set forth in detail in the relevant investment management
agreement (in the case of Managed Accounts) or Governing Documents (in the case of Investment
Funds). Generally, Adviser has the authority to waive, reduce or calculate differently any of the fees
described herein and/or in any investment management agreement (in the case of Managed
Accounts) or Governing Documents (in the case of Investment Funds).
Direct Advisory Fees and Compensation
Adviser will typically receive an annual asset management fee (the “Asset Management Fee”) for
acting in an asset management role with respect to the Investments (including as manager of an
Investment Fund) and in some circumstances an administration fee (the “Admin Fee”; collectively
with the Asset Management Fee, the “Management Fees”) from each Investment Fund. The typical
Management Fees are expected to average 1-2% of the then-current equity value of each Client’s
Investment over the life of the Investment Fund. The Management Fees are typically payable
quarterly in advance. The ability of Investors in the Investment Funds to withdraw is limited by the
terms of the applicable Governing Document and as such the ability of such Investors to terminate
the obligation to pay Management Fees is consequently limited.
Affiliate Fees and Compensation
RealCadre will sometimes receive at the closing of an Investment an acquisition or commitment fee
from the applicable Client(s) (the “Commitment Fee”) which is expected to range between 1% and
4% of each Client’s commitment received.
In addition, an affiliate of Adviser will typically receive a portion of any “promote” or “carried interest”
distributions otherwise payable to sponsors of Joint Ventures in which Clients invest; see Item 6.
Account Minimums and Types of Clients — Form ADV Part 2A (3/26/2024)
[Brochure]
Item 7. Types of Clients
CCV provides investment advisory services to Managed Accounts and Investment Funds.
Investors in Managed Accounts and Investment Funds may consist of some or all of the following:
● Insurance companies;
● Investment companies;
● Public and private retirement and pension plans;
● Trusts and estates;
● Charitable organizations and foundations, including endowment funds thereof;
● Sovereign wealth funds;
● Private investment funds, including funds organized by Adviser to facilitate
investment by Adviser’s affiliates and employees;
● Corporations;
● Business entities other than those listed above;
● Certain high net worth individuals; and
● Affiliates and employees of Adviser.
All investors are subject to applicable suitability requirements. Adviser will generally require that
each Investor in the Investment Funds be an “accredited investor” as defined in Regulation D under
the
U.S. Securities Act of 1933, as amended (the “Securities Act”), a “qualified client” as defined in the
Advisers Act and meet certain other suitability requirements. Generally, Investors must invest a
minimum dollar amount as determined at Adviser’s discretion. However, Adviser may advise
Investment Funds that do not require an Investor therein to be an “accredited investor” as defined in
Regulation D under the Securities Act.