Fees and Compensation — Form ADV Part 2A (10/22/2019)
[Brochure]
Item 5. Fees and Compensation
Meixin is entitled to receive management fees from some of the Funds in the range
of approximately 1% to 3% (on an annualized basis, or on a one-time charge basis) of
investors’ contributed capital or net assets under management.
Meixin charges incentive allocation or performance fee for certain Funds as set forth
in Item 4 above. Performance fees or allocations, if applicable, are paid at the end of the
calendar quarter or financial year to which the fee or allocation pertains or upon a
withdrawal or redemption from or termination of the applicable Fund.
Some Client’s (including Life Settlement Access Fund US LP, MX Industrial Fund LP,
and US MX Industrial Fund LP) bear its ongoing expenses, including expenses associated with
transactions, investment, consulting, research and statistical services, administrative, legal, tax
preparation, insurance, accounting and audit expenses, any extraordinary expenses (e.g.
litigation expenses) and any expenses for services that the Clients require Meixin to obtain.
However, Meixin has agreed to pay for the organizational fees and operating expenses for the
remaining funds in Item 4 to reduce costs to investors.
Advisory fees are typically deducted directly from the account up front for first
year management fees and quarterly in arrears for ongoing management fees, or at the
end of the fund or upon withdrawal or redemption or termination of the Fund for any
performance-based fees. The specific manner in which fees are charged by Meixin is
established in a Client’s written agreement with Meixin and described in each Fund offer
documents.
Neither Meixin nor any of its Supervised Persons accepts compensation for the sale of
securities or other investment products, including asset-based sales charges or service fees
from the sale of mutual funds. Certain non-U.S. based affiliated persons accept
compensation for the sale of securities or other investment products (i.e., commissions).
Account Minimums and Types of Clients — Form ADV Part 2A (10/22/2019)
[Brochure]
Item 7. Types of Clients
Meixin currently provides investment advice to the Funds as discussed in Item 4
above.
Meixin may advise different types of clients in the future.
Meixin only accepts investments (i) in the United States, from investors that are
“accredited investors” for the purposes of Regulation D of the U.S. Securities Act of 1933, as
amended (the “Securities Act”) and (b) outside the United States, persons that are not “U.S.
Persons” as defined in Regulation S under the Securities Act. Additional restrictions may
apply and are set forth in the offering or organizational documents for each Fund.
The minimum investment in each Fund ranges from $10,000 to $100,000, subject to
waiver of the minimum investment requirement by Meixin.
Filed 2021-12-15 (D) · Exemption 506(c) · Minimum $100,000 · Remaining Indefinite · Duration One year or less · Commission $45,000 · Revenue Not Applicable
Filed 2021-07-20 (D) · Exemption 506(c) · Minimum $50,000 · Remaining Indefinite · Duration One year or less · Commission $128,000 · Revenue Not Applicable
Filed 2021-07-27 (D) · Exemption 506(c) · Minimum $50,000 · Remaining Indefinite · Duration One year or less · Commission $1,000 · Revenue Not Applicable
Filed 2022-03-02 (D) · Exemption 506(c) · Minimum $50,000 · Remaining Indefinite · Duration One year or less · Commission $6,000 · Revenue Not Applicable
Filed 2021-06-22 (D) · Exemption 506(c) · Minimum $50,000 · Remaining Indefinite · Duration One year or less · Commission $47,200 · Net Assets Not Applicable
Filed 2021-07-30 (D/A) · Exemption 506(c), 3(c), 3(c)(1) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose