Fees and Compensation — Form ADV Part 2A (3/29/2019)
[Brochure]
5. Fees and Compensation” from the Fund. We do not currently manage any
client accounts that do not pay performance-based compensation.
Account Minimums and Types of Clients — Form ADV Part 2A (3/29/2019)
[Brochure]
Item 7. Types of Clients
Our firm provides investment advisory services to one pooled investment vehicle
(the Fund), which is a private investment fund. To comply with SEC regulations,
we require that U.S. investors in the Fund qualify as both accredited investors
and qualified purchasers. Accredited investors are generally (i) individuals with
$1,000,000 of net worth (excluding their primary residence) or who have made
$200,000 in each of the two previous years (or $300,000 joint income with one’s
spouse) or (ii) entities with assets totaling over $5,000,000. Qualified purchasers
are generally individual investors or certain family-owned entities with over
$5,000,000 in investments or entities with over $25,000,000 in investments.
Non-U.S. investors in the Fund are not subject to any particular wealth
requirements.
The Fund is accepting capital commitments and will then draw down increments
of capital from the committed investors over a specified period of time. The Fund
generally requires a minimum capital commitment from investors of $5,000,000,
although we may accept capital commitments of lesser amounts.