Fees and Compensation — Form ADV Part 2A (3/31/2026)
[Brochure]
“Item 5: Fees and Compensation.”
Incentive allocation arrangements could create an incentive for Prospect to make
investments that are riskier or more speculative than would be the case in the absence of
the arrangement, or favor Funds or SMAs paying higher incentive allocations versus other
Funds or SMAs who pay lower incentive allocations. In some circumstances, the Firm may
receive increased compensation as a result of unrealized appreciation as well as realized
gains.
Prospect has implemented procedures designed to ensure that all Funds and SMAs are
treated fairly and equally, and to prevent this conflict from influencing the allocation of
investment opportunities among Funds and SMAs.
Account Minimums and Types of Clients — Form ADV Part 2A (3/31/2026)
[Brochure]
ITEM 7: TYPES OF CLIENTS
Prospect provides investment advice to Funds, which are pooled investment vehicles. In
addition, the Firm provides advice to SMA clients, whose underlying investors may include
high net worth individuals, trusts, businesses, and pension or profit-sharing plans.
Generally, Investors in the Funds are required to maintain a minimum $500,000 investment
with the Funds. This minimum may be waived at the sole discretion of Prospect as set forth
in the associated Fund Documents.