Item 5: Fees and Compensation
The fees applicable to each Feeder Fund are set forth in detail in its respective Offering
Documents. A brief summary of such fees is provided below.
Management Fee
The Flagship Funds and the Trade Claims Funds
Olympus Peak is paid an investment management fee (“Management Fee”) ranging from 1%
- 1.50% per annum of the net asset value of each series of shares or capital account of the
applicable Feeder Fund of the Flagship Funds and the Trade Claim Funds. The Flagship Funds'
Management Fee is charged quarterly in advance. The Trade Claims Funds' Management Fee is
charged quarterly in arrears, but is amortized monthly over the fiscal quarter for which such
Management Fee is paid. If an investor in the Flagship Funds is withdrawn or redeemed, in whole
or in part, at any time other than at the end of a quarter, a pro rata portion of the Management
Fee (based on the actual number of days remaining in such partial quarter) will be repaid by the
Firm to the Master Fund for the benefit of the withdrawing or redeeming investor.
The OPCP Funds
OPM is paid a Management Fee of 1.5% per annum of the net asset value of each capital account
of the applicable Feeder Fund of the OPCP Funds. The OPCP Fund’s Management Fee is charged
quarterly in arrears, but is amortized monthly over the fiscal quarter for which such Management
Fee is paid.
Generally, the Management Fee is not negotiable. However, we may, in our sole discretion,
waive, reduce or modify the Management Fee with respect to the capital account of any
investor at any time.
Other Types of Fees or Expenses
The below expenses may not be applicable to each Client. To the extent permitted under
the applicable Offering Documents, each Client generally bears their own expenses and, in
the case of the Feeder Fund, their pro rata share of the Master Funds’ expenses, including,
without limitation, the following: transaction-related expenses (which include all
transaction-based expenses incurred in executing investments including brokerage and
prime brokerage fees, commissions, and expenses; expenses relating to reorganizations,
restructurings and workouts; expenses relating to short sales, clearing and settlement
charges; expenses associated with consummating bank debt trades, dealer spreads,
custodial fees and expenses, bank service fees, interest expenses and fees related to
financings or refinancings; and fees and expenses of third-party professionals, including
consultants, investment bankers, attorneys and accountants associated with any potential
transaction); third-party investment sourcing fees; due diligence expenses including
consulting and appraisal fees; investment-related travel expenses (which are travel expenses
related to the purchase, sale or transmittal of, or due diligence regarding, the Fund’s
DOC ID - 51802114.10 6
Olympus Peak Asset Management LP Form ADV Part 2A Brochure
investments, whether or not such investments are consummated, incurred by the
Investment Manager or the General Partner); third party professional fees and expenses
(including, without limitation, expenses of consultants, valuation service providers, risk
aggregators, investment bankers, attorneys, accountants and other experts and third party
liquidation service specialists); fees and expenses relating to research and market data
(including expenses related to obtaining, processing and analyzing “big data” or “alternative
data”) and information technology hardware and connectivity hardware (e.g., fiber optic
lines), software tools, programs or other technology utilized in managing the Fund (including,
without limitation, third-party costs of software licensing, implementation, data
management and recovery services and custom development costs and expenses) used to
research investments, evaluate and manage risk, facilitate valuations, facilitate accounting
functions, facilitate compliance with the rules of any self-regulatory organization or
applicable law (including reporting obligations), facilitate and manage the order execution of
investments or otherwise manage the Fund or any trading vehicle, such as Bloomberg
terminals, portfolio management systems, risk management systems and order
management systems; research and market data (including any computer hardware and
connectivity hardware (e.g., fiber optic lines) incorporated into the cost of obtaining such
research and market data); expert networks; administrative and operational expenses
(including fees and expenses of the Administrator and the Sub-Administrator); fees and
expenses relating to the trade claim database; legal expenses in connection with the Fund’s
ongoing operations (including the updating of the Fund’s offering documents, processing
transfer requests, negotiations with prospective investors and extraordinary legal expenses,
such as those related to litigation or investigations or proceedings involving activities of the
Fund or any trading vehicle; fees and expenses of third-party risk management products,
models and services; external accounting and valuation expenses (including pricing services
and the cost of accounting software packages); third party audit and tax preparation and
filing expenses; costs related to errors and omissions insurance and directors and officers
insurance for the General Partner and the Firm and their respective affiliates and governing
board and any AML officers; fees and expenses of any governing board; costs of preparing
and distributing offering materials, reports and notices; taxes; corporate licensing; fees and
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