Fees and Compensation — Form ADV Part 2A (3/21/2025)
[Brochure]
Item 5. Fees and Compensation
Our fees and compensation are described in our Funds’ Governing Documents. All of our clients are
“qualified purchasers” (as defined in Section 2(a)(51) of the Investment Company Act of 1940, as
amended).
Fees
The Sub-Advised Fund pays us a management fee and a management draw, which are generally based on
a percentage of the assets over which we have discretion for such fund. The management fees and
management draw will be paid to us monthly in arrears. The management fees and management draw
will be pro rated for partial periods. The management fees and management draw are invoiced by us and
are not deducted from the Sub-Advised Fund. We are also entitled to receive performance-based fees
from the Sub-Advised Fund, as further described in Item 6 – Performance-Based Fees and Side-By-Side
Management.
Our compensation schedule with respect to any future client account will be contained in the Governing
Documents relating to such account.
Decade Renewable Partners LP Form ADV Part 2A
Expenses
The Sub-Advised Fund bears all of the fees, charges, taxes and other costs that it incurs in connection with
its trading activity. Unless otherwise approved by the adviser of the Sub-Advised Fund (including in such
Sub-Advised Fund’s Governing Documents), we will bear all of our expenses arising out of our
performance of advisory services for the Sub-Advised Fund.
To the extent we incur any expenses for the benefit of multiple clients in the future, our goal will be to
allocate such expenses in a reasonable manner among such clients. However, certain advisory contracts
specify that we will not require a client to directly or indirectly incur certain expenses, despite the fact
that such client may receive a benefit in connection with our incurrence of such expenses. In such cases,
we bear the portion of such expenses that are not borne by the relevant client(s).
We may also allocate a portion of certain clients’ capital to money market funds or exchange-traded funds.
In addition to the fees and expenses discussed above, clients will indirectly incur similar fees and expenses
if we invest their capital in such funds, as these funds in turn pay similar fees and expenses to their
investment managers and other service providers.
The expenses that would be charged to future clients would be determined on a case-by-case basis.
For a more detailed discussion of brokerage and transaction costs, see Item 12 - Brokerage Practices.
Account Minimums and Types of Clients — Form ADV Part 2A (3/21/2025)
[Brochure]
Item 7. Types of Clients
Investors in the Funds are generally expected to be pension plans, endowments, sovereign wealth funds,
high net worth individuals, family offices, funds of funds and other institutional investors that qualify as
“accredited investors” (as defined in Rule 501 under the Securities Act of 1933, as amended) and qualified
purchasers.
If we determine to require a minimum investment for any client account, we will make that determination
on a case-by-case basis.
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
0
0.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
1
500.0
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above