Fees and Compensation — Form ADV Part 2A (5/11/2020)
[Brochure]
Item 5 – Fees and Compensation
As the investment adviser to the Fund, we charge a management fee. This fee is a monthly asset-based management fee
received from each Member of the Fund, calculated and payable monthly in advance as of the close of business on the first
Business Day (normally 4:00 p.m. Eastern time) of each calendar month, in an amount equal to one-twelfth of twenty-five
(25) basis points (0.025%) (or a lessor amount if certain Investing Members in the Fund pay lower management fees) of the
Adjusted Net Asset Value (as defined in the OA) of the Fund or a given Series, as the case may be, multiplied by each
Member’s Series Percentage.
Termination Provisions
The only client of the advisor currently is the OPN TALF SBA Fund. The fund’s agreement with OPMN, including termination
provisions, is governed by the investment management agreement in place between the fund and OPNM. OPNM has no
other advisor agreements with individuals or other funds as of the last update of this ADV.
Please refer to Item 12 of this Brochure for more information.