Account Minimums and Types of Clients — Form ADV Part 2A (3/21/2025)
[Brochure]
Item 7 – Types of Clients
Investment advice is provided directly to the Funds and not individually to the Funds’ investors.
Sophisticated institutional and high net worth investors may invest in the Funds. Details concerning
applicable investor suitability criteria are set forth in the Company’s governing documents and
subscription materials. Investors will be required to satisfy certain minimum regulatory suitability
requirements and make the minimum investment, generally $25 million. The rights and restrictions
that apply to investors may be modified and/or additional terms agreed to in side letters or
customized fund-of-one arrangements.
As discussed above, the Adviser also acts as the insurance manager to the Reinsurer. The Adviser
collects an additional management fee in connection with its insurance manager services. See Item
5 – Fees and Compensation.
Filed 2021-07-14 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $18,900,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
1
0.7
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
0
0.0
(g) Pension and profit sharing plans
0
4.9
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
1.3
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above