Item 5: Fees & Compensation
Compensation for Our Advisory Services
Comprehensive Portfolio Management:
The maximum annual fee charged for this service will not exceed 1.50%. Fees to be assessed will be outlined in the
advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata basis monthly in advance
based on the value of the account(s) on the last day of the previous month. Fees are negotiable and will be deducted
from client account(s). In rare cases, we will agree to directly invoice. As part of the fee deduction process, Clients
understand the following:
a) The client’s independent custodian sends statements at least quarterly showing the market values for each
security included in the Assets and all account disbursements, including the amount of the advisory fees
paid to our firm.
b) Clients will provide authorization permitting Tschetter Group to be directly paid from the custodian.
c) We will send an invoice directly to the custodian for the amount of the advisory fee.
d) If we send an internally produced statement to the client, we strongly urge the client to compare the
information we provide in that statement with the information from the qualified custodian.
Private Funds:
For TG Private Market Opportunities Fund LP Class A interests (“Fund”), Tschetter Group receives management
fees as compensation for performing advisory services to the Fund. The management fee, with respect to each Class
A Limited Partner, is payable quarterly in advance and is equal to .75% annually of the Class A Limited Partner’s
capital account balance as of the last business day of the immediately preceding fiscal quarter (or if the Class A
Limited Partner was not a Partner on such date, the first business day of the current fiscal quarter.
Additionally, the Fund will pay an administrative fee to PPB TG PMO MGT LLC, the Fund’s co-general partner, of
.0625% quarterly (.25% annually). This fee is charged quarterly in advance and allocated proportionally to each
limited partner's capital account. This fee is subject to a quarterly minimum of $9,000. If the minimum fee is
applied, it will be allocated to each limited partner on a pro-rata basis.
At the sole discretion of the Fund’s general partner(s), and without the consent of the other Fund investors, fees
may be waived or reduced for certain Limited Partners, including for Limited Partners that are principals,
employees or affiliates (as described above) and/or for certain large or other investors the general partner(s)
deems to be strategic.
The minimum subscription amount for Fund interests is $250,000. Initial capital contributions may be made on the
last day of the calendar quarter, or at such other time with the consent of the general partner(s), at their discretion.
Limited Partners may make additional contributions to the Fund on the last day of each calendar quarter, or at
other times with the consent of the general partner(s), in minimum amounts of $100,000, which may be waived at
the discretion of the general partner(s).
Redemptions by Limited Partners. No voluntary partial redemptions or withdrawals are permitted without the
prior written consent of the general partner(s), which may or may not be granted. Whether any
redemptions/withdrawals are permitted, or distributions are made are dependent on each underlying fund
permitting the Fund to withdraw interest in their fund. Withdrawal of Limited Partnership interests will be subject
to any restrictions imposed by each underlying fund manager. In addition, no redemption/withdrawal will be made
if it would violate any contract or agreement to which the Fund is then a party or any law then applicable to the
Fund or if the general partner(s) at their discretion, determines that it
In the case of termination of Tschetter Group’s investment management agreement with the Fund prior to the end
of a calendar quarter, the management fees for such period would be pro-rated to the date of termination with any
excess payment refunded to the Fund and credited to the Limited Partners capital account.
Other Fees
In addition to the management fee, the Fund will be responsible for reasonable costs and expenses of the Fund,
including (i) accounting, bookkeeping, tax and auditing fees and expenses, and administrator fees; (ii) legal fees
and expenses, including, but not limited to, fees and expenses incurred in connection with any offering of the Fund’s
interests, Fund contracts and investments; (iii) all fees and disbursements of the Fund’s, the general partner’s and
its attorneys, consultants and other third parties performing work benefiting the Fund or otherwise in connection
with the Fund’s investment activities; (iv) organizational and start-up expenses; (v) expenses related to the
acquisition, holding, monitoring or sale of portfolio investment that are consummated, costs and fees of evaluating
existing or potential investments to be made by the Fund, due diligence costs (including travel expenses) incurred
in researching potential investment opportunities), brokerage commissions payable to third parties, fees of
consultants, brokers or other professionals or advisors who provide research, advice or due diligence services with
regard to actual or potential investments and any other expenses reasonably related to the purchase, sale,
monitoring or transmittal of Fund assets; (vi) valuation related expenses; salaries and benefits of personnel hired
by the Fund on a full or part time basis; (vii) all federal, state and local taxes and foreign taxes assessed against the
Fund or its investments or for which the Fund is required to withhold, and the costs of determination, challenge and
compliance, if applicable, and any interest and penalties thereon (collectively, “Taxes”) (it being understood that
taxes withheld due to state of residence and or tax status of a Limited Partner shall be specifically allocated and
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