Fees and Compensation — Form ADV Part 2A (3/20/2014)
[Brochure]
Item 5 – Fees and Compensation
New Vista provides investment advisory services for a range of fees. All fees are billed to the
clients and are payable quarterly in arrears. These fees include:
Acquisition Fee: 0.0 - 1.0% on Acquisition Cost (Gross Asset Cost).
Asset Management Fee: 0.75 - 1.25% annually on market value of assets in the portfolio
without reduction for third-party debt or on net market value of the assets.
Incentive Fee: See Item 6 – Performance-Based Fees and Side-by-Side Management
for information regarding the incentive fee.
Hourly Fees: New Vista may from time to time provide services for its clients on an
hourly basis for professional services, including but not limited to accounting and due
diligence at rates ranging from $200 - $500 per hour based on subject matter of such
services and experience of the provider.
For commingled funds, fund-level fees are defined in each applicable fund’s documentation and
are consistent for all investors in that fund.
New Vista’s fees are exclusive of brokerage commissions, transaction fees, custodial fees, and
other related costs and expenses, all of which are incurred by the Client. Please refer to Item 12
for additional information regarding the factors we consider in selecting broker-dealers for
client transactions, and in determining the reasonableness of their compensation.
Account Minimums and Types of Clients — Form ADV Part 2A (3/20/2014)
[Brochure]
Item 7 – Types of Clients
New Vista provides real estate investment advisory services to institutional clients such as
pension and profit sharing plans, trusts, estates, or charitable organizations and multi-
employer, jointly-trusted, Taft-Hartley pension plans. In the event that New Vista solicits clients
for investments involving affiliated or related parties, New Vista discloses the relationship in the
materials provided to clients, which include, but are not limited to, Confidential Private
Placement Memoranda, Investment Management Agreements, or Subscription Agreements.
Some of New Vista’s investment programs may have a minimum initial account size or
target. The typical minimum account sizes/target are $10 to $50 million for pooled funds.