Fees and Compensation — Form ADV Part 2A (3/30/2023)
[Brochure]
Item 5: Fees and Compensation
GMAG MANAGEMENT generally will earn an asset-based management fee (“Management Fee”) for
providing investment advisory services to a Fund based on the specific terms set forth in the Offering
Documents for such Fund. These Management Fees are generally charged in advance on a quarterly basis as
authorized by the Fund Offering Documents. Nonetheless, GMAG MANAGEMENT has the right to waive or
reduce the Management Fees to be paid with respect to any given investor in a Fund.
The general partner of each Fund is authorized to deduct the amount of Management Fees to be paid to
GMAG MANAGEMENT for providing investment management services to the Fund.
Additional Fees and Expenses
In addition to the compensation to be paid to GMAG MANAGEMENT and any of its affiliates, Funds will be
responsible for the costs associated with the organization of each Fund and the offering of its securities
(which generally include legal, due diligence, marketing, printing, and other expenses). In addition, each
Fund will be responsible for its ongoing operating costs, which could include, without limitation, the costs
associated with the acquisition, holding, or disposition of investments; the costs associated with retaining
service providers (such as attorneys, accountants, auditors, administrators, and other service providers) to
provide services on behalf of the Fund; the cost of preparing communications, reports, tax returns, and
financial statements on behalf of Fund investors); and extraordinary expenses (including any
indemnification obligations) incurred by the Fund. Such additional expenses and costs are outlined in the
Offering Documents for each Fund.
Account Minimums and Types of Clients — Form ADV Part 2A (3/30/2023)
[Brochure]
Item 7: Types of Clients
Our only clients are the Funds.
GMAG MANAGEMENT does not maintain any minimum portfolio size or minimum fee for maintaining an
advisory relationship with any client. However, Funds managed by GMAG MANAGEMENT can impose
minimum investment amounts in order for an investor to make an initial or additional investment in the
Fund. Depending on the Fund, the general partner of a Fund is authorized to reduce or waive such minimum
investment amounts for investors on a case-by-case basis.
Filed 2023-09-13 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $50,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Filed 2021-06-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose