Fees and Compensation — Form ADV Part 2A (7/3/2020)
[Brochure]
Item 5. FEES AND COMPENSATION
The Adviser currently receives a management fee from the Client, as agreed upon in the Client’s IMA that
is agreed upon between the Adviser and the Client and which describes the terms by which the relationship
between the Adviser and the Client will be governed. The management fee is generally monthly in arrears, as
of the last day of each month and is based upon the greater of a limited partners’ capital commitment to the
Client; and (ii) pro rata portion of the Client’s net asset value.
Neither the Adviser nor any of its supervised persons does or will accept compensation (e.g., brokerage
commissions) for the sale of securities or other investment products. The Adviser will also collect certain
administrative fees from issuers relating to the loan process.
Account Minimums and Types of Clients — Form ADV Part 2A (7/3/2020)
[Brochure]
Item 7. TYPES OF CLIENTS
The Adviser intends to provide investment advisory services to the Fund, , which is a related entity to the
Adviser. Investment advice is provided directly to the Fund or a SMA and not individually to any investors
in the Fund. Investors of the Client generally include high net worth individuals, family offices, fund of
hedge funds, endowments, foundations, trusts, charitable organizations, pension plans, sovereign wealth
funds and corporate or business entities. All investors in the Fund and the SMAs subject to a performance fee
shall be Qualified Clients, as defined in Rule 205-3, under the Investment Advisers Act of 1940, as amended
(the “Advisers Act”).
The Adviser does not currently require that a Client account be funded with a minimum funding requirement.