Fees and Compensation — Form ADV Part 2A (10/4/2024)
[Brochure]
Item 5: Fees and Compensation
Fees paid to Higher Park for investment management services (“management fees”) are
generally dependent on the nature of the services being provided. Typically, Higher Park
charges Clients an annual management fee based on the value of assets under the Firm’s
management, which is payable monthly or quarterly.
In addition to management fees, Clients bear other costs that are necessary or incidental to the
investment management services (“incidental expenses”). The particular incidental expenses
may vary from client to client, although all Clients will be subject to certain types of incidental
expenses, including costs associated with buying, selling, or holding investments, such as
custody fees and charges and expenses associated with transactions such as taxes, duties and
commissions, commission equivalents and other brokerage expenses.
The Firm’s fees and any incidental expenses will reduce the assets held in, and the return
experienced by, Clients.
The Fund
Higher Park charges the Fund a management fee and may also receive performance-based
compensation from the Fund. Full details of fees and expenses, as well as the process for
subscribing to or redeeming shares in the Fund, are described in detail in the Fund’s offering
documents.
Higher Park Limited Form ADV Part 2A
Individual Mandates
Higher Park may negotiate management fees for Individual Mandates which differ from the
management fees of the Fund, with this agreed on a case-by-case basis. Reasons for differing
management fee terms may include the value of the assets invested with the Firm, the duration
for which the assets are entrusted to Higher Park, the terms of performance-based fees agreed
to by the investor, and reasons deemed to be strategic in the sole discretion of Higher Park.
Individual Mandates are also subject to performance-based fees, the terms of which are
negotiated with clients on a case-by-case basis.
The specific manner in which fees are charged is established in a client’s written agreement with
Higher Park.
Account Minimums and Types of Clients — Form ADV Part 2A (10/4/2024)
[Brochure]
Item 7: Types of Clients
Higher Park provides investment management services to private funds and Individual
Mandates which are both U.S. and non-U.S. domiciled. Investors in the Fund, as well those who
agree Individual Mandates with the Firm, generally include qualifying high net worth individuals,
family offices, trusts, investment companies and institutional clients. The Firm does not offer
investment management services to retail investors.
Typically, Higher Park seeks to take on investors that are able to make a minimum investment
of US$5mn with the Firm. However, the Firm reserves the right to waive this minimum in certain
circumstances. The minimum investment level for the Fund is described in its offering
document.
Higher Park Limited Form ADV Part 2A