Fees and Compensation — Form ADV Part 2A (3/18/2026)
[Brochure]
Item 5: Fees and Compensation
Our fees and compensation are described in the advisory contracts we enter into with the Funds, as well as
in the Funds’ Offering Documents. All of our Investors are “accredited investors” (as defined in Rule 501(a)
of Regulation D under the Securities Act, as amended. A brief summary of such fees is provided below. All
fees are deducted from a Client’s assets. Persons reviewing this Brochure should not construe this as an
offering of the Funds described herein, which will only be made pursuant to the delivery of Offering
Documents to prospective investors.
Management Fee
The Funds will pay to the Investment Manager a fee for its services (the “Management Fee”) for each
month equal to a twelfth of the result of the applicable Management Fee Rate (defined below) multiplied
by the balance of each Capital Account of a Limited Partner as of the last day of such month (before taking
into account the estimated accrued Performance Allocation, if any). The Funds will calculate and pay the
Management Fee in arrears.
“Management Fee Rate” means up to 1% per annum for assets.
Performance Allocation
As of December 31 of each year, the Funds will calculate an amount (the “Performance Allocation”) equal
to the result of the applicable Performance Allocation Rate (defined below) multiplied by the amount by
which the Adjusted NAV (also defined below) of a series of Funds’ shares corresponding to assets that
exceed the greater of (i) its Hurdle NAV (as defined in the private placement memorandum) and (ii) its
Prior High NAV (as defined in the private placement memorandum).
“Performance Allocation Rate” means up to 20% for assets.
“Adjusted NAV” means the net asset value of each series of Fund shares corresponding to investor
“Interests” after such net asset value is adjusted for (i) any accruals of the Performance Allocation during
the relevant year and (ii) any expenses of the Funds (other than Investor-Related Taxes) corresponding to
such series of Fund shares that are not reflected in the net asset value of the Funds.
All Management Fees and Performance Allocations are calculated at the Master Fund level.
Account Minimums and Types of Clients — Form ADV Part 2A (3/18/2026)
[Brochure]
Item 7: Types of Clients
Prevatt Capital provides advisory services to pooled investment vehicles. Our clients are the Funds, as
described in Item 4 above, and the Funds are generally open to, among others, institutions, pension plans,
endowments, high net-worth individuals, financially sophisticated individuals, and other sophisticated
investors.