Fees and Compensation — Form ADV Part 2A (3/28/2025)
[Brochure]
ITEM 5 – FEES AND COMPENSATION
As an investment adviser to the Funds, Forepont is entitled to the fees described in the Governing
Documents for each Fund. The Governing Documents provide, generally, that Forepont is
entitled to an annual management fee of 2% of Total Commitments from the First Closing Date
to the Cut-Off Date (as defined in the documents); and from the Cut-Off Date to the date on which
the Partnership is dissolved, an annual management fee of two per cent (2%) of the aggregate
Acquisition Costs. Please refer to Governing Documents for the relevant Fund for additional
information.
The management fee is payable from each Investor’s capital account balance quarterly, in
advance, on the first business day of each calendar quarter. For purposes of calculating each
Investor’s management fee, appropriate adjustments shall be made for any shortened calendar
quarter. Each Investor’s management fee for a given calendar quarter shall be reduced by any
non-reimbursable expense allocated to such Investor on the last day of the immediately
preceding calendar quarter.
Other Expenses
In addition to the fees that are payable to Forepont, the Funds are responsible for the payment
of expenses, as specified in the Governing Documents for each Fund. The Funds’ expenses
generally will be allocated among the Investors on a pro rata basis in accordance with capital
commitments, except for Fund expenses (including certain tax expenses) that the General
Partner in the case of the Cayman Fund, and AIFM in the case of the French Fund (referred to
collectively herein as the “Manager”) determines are directly attributable or allocable to one or
more particular Investor, in which case Manager may allocate such Fund expenses on a non-pro
rata basis and will make appropriate adjustments to the allocations and distributions made by
the Fund in order to reflect the foregoing.
The recipients of this Brochure should refer to the Governing Documents of each Fund for
specific information about expenses to be borne by the Fund.
Neither Forepont nor any of its employees accept compensation for the sale of securities or
other investment products to Forepont’s investment advisory clients. Certain of our Firm’s
supervised persons are compensated in connection with other financial industry activities, as
described in greater detail below.
Account Minimums and Types of Clients — Form ADV Part 2A (3/28/2025)
[Brochure]
ITEM 7 – TYPES OF CLIENTS
Forepont provides discretionary investment advisory services to the Funds, each a privately
offered pooled investment vehicle, and not individually to the Investors in the Funds. In addition,
Forepont may, in the future, offer investment advisory services to other pooled investment
vehicles or client accounts.