FEES AND COMPENSATION
A. Advisory Services and Fees.
The Private Fund
Management Fee and Incentive Allocation
CCP LP offers different classes of interests (“Classes of Interests”) to potential investors.
As investment adviser to CCP LP, the Adviser receives management fees at an annual rate
equal to 1.0% per annum of the value of the underlying investors' capital account balance
of CCP LP as of the first business day of each calendar quarter. This management fee is
deducted from the assets of CCP LP and is prorated for any investment period that is less
than a full calendar quarter. In addition to management fees, the Adviser is entitled to
receive a performance allocation, (the level of which depends on the Classes of Interests)
of the net profits of CCP LP attributable to the capital account balance of each underlying
investor. Certain classes on interests also include a hurdle rate (the yield on the U.S. 10-
year Treasury bill). The performance allocation is payable to Crawford Capital GP LLC.
Fees are negotiable in certain circumstances, and the Adviser, in its discretion, has the
ability to waive or reduce the management fee and/or the performance allocation for any
of the investors.
A more detailed description of the pricing structure associated with each of the Classes
of Interests and investor requirements is available within the Confidential Offering
Memorandums for CCP LP.
The UCITS Fund
The Adviser receives a portion of the performance fee and management fee of the UCITS
Funds. The management fee will be calculated in accordance with the investment
advisory agreement of the UCITS Funds and will be paid monthly in arrears.
The SMA
The Adviser has entered into an agreement with an SMA Client to provide investment
management advice. For its services, the Adviser is entitled to receive a fixed quarterly
compensation amount and performance fee. The performance fee is subject to a high-
water mark and benchmark as specified in the investment management agreement
(“IMA”).
Other Advisory Services
The Adviser and its supervised persons provide numerical ratings on equity securities of
the Adviser’s choosing as input to an SEC-registered third-party investment organization’s
quantitative investment strategy. For its services, the Adviser and its supervised
personnel are entitled to receive a fixed quarterly compensation amount and the
potential for additional performance-based compensation based on the quality and
performance of the securities ratings, both paid quarterly in arrears.
Crawford Fund Management, LLC March 2026
Form ADV Part 2A
B. Payment of Fees.
Management fees are paid by the Private Fund and incentive allocations are deducted
from the account of the investor in the Private Fund. An investor who makes a withdrawal
from a Private Fund outside of the specified periods allowing for withdrawal may pay an
early withdrawal charge to the Private Fund. Please refer to the Private Fund’s offering
documents for precise details.
C. Additional Expenses and Fees.
The Private Fund will pay, whether directly or through reimbursement of CFM or one of
its affiliates, all costs and expenses related to its investments and operations, including
without limitation, all expenses and fees incurred in connection with the actual or
proposed acquisition, disposition or trading of securities or other assets of the Private
Fund, and purchase and sale of fixed assets, including, without limitation, custodian fees,
stock borrow fees, interest expense, professional fees, brokerage commissions, clearing
fees and expenses, transfer taxes, investment-related travel expenses, and costs related
to any of the foregoing; taxes and other governmental charges or filing fees payable by
the Private Fund; all expenses (including reasonable attorneys’ fees) incurred in
connection with any threatened, pending or anticipated litigation, U.S. Internal Revenue
Service examination or audit, or similar audit or examination by any federal, state, local
or foreign taxing authority or other proceeding; tax preparation expenses, insurance
premiums and interest and fees associated with any borrowing and all other expenses
and liabilities incurred in connection with or arising out of the business of the Private
Fund, including legal fees, auditing, bookkeeping and trade reconciliation expenses,
accounting expenses and other professional fees, extraordinary or non-recurring charges.
Please refer to the Private Fund’s offering documents for further detail regarding
expenses a Client may incur. A portion of the Private Fund’s operating expenses may be
shared with other investment entities or accounts managed by CFM, the General Partner,
as defined herein, or any of their respective affiliates on an equitable basis. For purposes
of clarity, the Private Fund will not pay for any portion of the compensation related to any
officers or employees of the General Partner or CFM that provide services to the
Partnership, or for the organizational costs of CFM or the General Partner.
Please see responses to Item 12 below for more information.
D. Prepayment of Fees.
Please see responses to Item 5A above.
E. Additional Compensation and Conflicts of Interest.
Neither the Adviser nor any of their supervised persons accept compensation for the sale
of securities or other investment products.
Crawford Fund Management, LLC March 2026
Form ADV Part 2A