Fees and Compensation — Form ADV Part 2A (3/21/2018)
[Brochure]
Item 5 – Fees and Compensation
The General Partners charge carried interest, management fees and other fees to the Funds. The
specific payment terms and other conditions of the management fee and carried interest
compensation are set forth in the relevant confidential offering memorandum and governing
documents of the Funds. Only “accredited investors,” as defined in the Securities Act of 1933,
as amended, are permitted to invest in the Funds.
The management fee will be paid to the General Partners, or a designated management company,
by the Funds out of capital contributions from the limited partners. The management fee may
also be paid out of the limited partners’ share of investment proceeds and income from
temporary investments. The Funds will bear all costs and expenses incurred in connection with
the organization of the Funds and the General Partners, including legal and accounting fees,
printing costs, travel and out-of-pocket expenses, and all costs and expenses incurred in
connection with the offering of limited partner interests in the Funds (“Interests”), up to the
respective maximum amounts of each Fund, as prescribed in such Fund’s confidential offering
memorandum (“Organizational Expenses”). Subject to the foregoing maximum limitation, the
Funds will reimburse the General Partner and the Advisor for any Organizational Expenses
funded by them. The General Partners, or the management companies, will pay the normal day-
to-day operating expenses of the Funds.
Account Minimums and Types of Clients — Form ADV Part 2A (3/21/2018)
[Brochure]
Item 7 – Types of Clients
The Advisor’s services are provided to the Funds, in which institutional investors and high net-
worth individuals may participate. Only “accredited investors,” as defined in the Securities Act
of 1933, as amended, are permitted to invest in the Funds. Fund I had a minimum commitment
of $100,000. Fund II had a minimum commitment of $250,000. Fund III has a minimum
commitment of $1,000,000. Commitments of lesser amounts may be accepted at the discretion
of the General Partners.