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| Raamps LLC
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| CRD # | 305811 |
| SEC # | 801-117732 |
| CIK # | |
| AUM | |
| Employees | 2 (50% Investors, 0% Brokers) |
| Fees | |
| Minimum | |
| Phone | 702-375-0111 |
| Address | 8845 W Flamingo Rd Ste 110 Las Vegas, NV 89147 |
| Source | [IAPD] [Website] |
| Total AUM ($M) |
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| Fees and Compensation — Form ADV Part 2A (3/25/2020) [Brochure] |
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ITEM 5: FEES AND COMPENSATION A. Fees for Advisory Services The Fund: Management Fee. In consideration for its services, the Advisor receives a management fee (the “Management Fee”) paid monthly in advance equal to 0.14583% (1.75% per annum) of the beginning capital account (the “Capital Account”) balance of each Limited Partner for such calendar month. A pro rata portion of the Management Fee will be paid out of any initial or additional capital contributions to the Fund on any date that does not fall on the first day of a calendar month, based on the number of days remaining in such partial month. No portion of the Management Fee will be refunded in connection with any withdrawals from a Limited Partner’s Capital Account occurring prior to a Withdrawal Date. Performance Allocation. In addition, the Advisor shall receive a quarterly performance profit allocation (the “Performance Allocation”) in an amount equal to fifteen percent (15%) of the net capital appreciation allocated to each Limited Partner during each calendar quarter (the “Performance Allocation Period”) provided that such Performance Allocation shall be subject to a loss carry-forward provision, also known as a “high water mark,” so that the Performance Allocation will only be deducted from a Limited Partner’s Capital Account to the extent that such Limited Partner’s pro rata share of such appreciation causes its Capital Account balance, measured on a cumulative basis and net of any losses, to exceed such Limited Partner’s highest historic Capital Account balance as of the end of any prior calendar quarter or, if higher, such Limited Partner’s Capital Account balance immediately following its admission to the Fund (as adjusted for any withdrawals at a time when a Limited Partner’s Capital Account balance is below the applicable “high water mark”). The Advisor may enter into arrangements with Limited Partners under which the Management Fee and/or Performance Allocation is reduced waived or calculated differently with respect to such Limited Partners, including, without limitation, Limited Partners that are members, affiliates or employees of the Advisor, members of the immediate families of such persons and trusts or other entities for their benefit, or RAAMPS, LLC 7 Limited Partners that make a substantial investment or otherwise are determined by the Advisor to represent a strategic relationship. The minimum initial capital contribution by an investor to the Fund is $1,000,000, subject to the Advisor’s sole discretion to accept subscriptions for lesser amounts. Organizational Expenses. All expenses of the offering and organization of the Fund (including legal and other expenses) (“Organizational Expenses”) will be paid by the Fund and/or reimbursed by the Fund to the extent paid by the Advisor. The Organizational Expenses will be amortized and charged to the Limited Partners’ Capital Accounts on a monthly basis over a period of five (5) years commencing from the launch of the Fund’s investment activities. GAAP requires that organizational costs be treated as an expense when incurred. The Advisor believes that the impact on the Fund’s results from this departure from GAAP will result in a fairer apportionment of such expenses among Limited Partners. This departure from GAAP may also result in a qualified audit opinion from the Fund’s auditors. If the Fund is terminated within five (5) years of the commencement of investment activities, any unamortized expenses will be recognized. Fund Expenses. The Fund shall pay (or reimburse the Advisor) for all ordinary and reasonable operating and other expenses necessary for the Fund’s operations, including, but not limited to, expenses related to due diligence on prospective or existing Portfolio Fund investments, fees charged by Portfolio Funds, including management and performance fees, general investment-related expenses (e.g., exchange and brokerage commissions, exchange deposit and withdrawal fees, clearing and settlement charges, custodial fees, interest expenses, expenses relating to consultants, brokers or other professionals or advisors who provide research, advice or due diligence services with regard to investments, appraisal fees and expenses); research costs and expenses (including fees for news, quotation and similar information and pricing services); legal expenses (including, without limitation, the costs of on-going legal advice and services, blue sky filings and all costs and expenses related to or incurred in connection with the Advisor’s compliance obligations under applicable federal and/or state securities and investment adviser laws arising out of its relationship to the Fund, as well as extraordinary legal expenses, such as those related to litigation or regulatory investigations or proceedings); the Management Fee; accounting fees and audit expenses; administrative fees; tax preparation expenses and any applicable tax liabilities (including transfer taxes and withholding taxes); other governmental charges or fees payable by the Fund; costs of printing and mailing reports and notices; and other similar expenses related to the Fund, as the Advisor determines in its sole discretion. Fund Liquidity: A Limited Partner will be generally permitted to make withdrawals from its Capital Account as of the last calendar day of any calendar quarter, or such other date as the Advisor may determine in its discretion (each such date, a “Withdrawal Date”), provided that the Fund receives at least ninety (90) days written notice (the “Notice Period”) of such withdrawal prior to the applicable Withdrawal Date, and provided further, the amount to be withdrawn has been invested in the Fund for not less than twelve (12) months (the “Lock-Up Period”). The Advisor, in its sole discretion, may reduce or waive the Notice Period ... |
| Account Minimums and Types of Clients — Form ADV Part 2A (3/25/2020) [Brochure] |
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ITEM 7: TYPES OF CLIENTS
The Fund:
Investors in the Fund may include institutional investors, high net worth individuals, trusts, charitable
organizations and other tax-exempt entities.
RAAMPS, LLC 12
Interests in the Fund are being offered under the 3(c)(1) exemption of the Investment Company Act for
investment by up to 100 persons who are “Accredited Investors” as defined in Rule 501(a) of Regulation
D under the Securities Act and “Qualified Clients” as defined in Rule 205-3 under the Advisers Act, and
who have sufficient knowledge and experience in financial and business matters to make them capable
of evaluating the merits and risks of an investment in the Fund.
In order to satisfy the criteria for an Accredited Investor, in the case of individuals, an investor must have
either (i) an annual income of not less than $200,000 for each of the previous two years (or a combined
income with such person’s spouse of not less than $300,000), and reasonably anticipate the same level of
income for the current year, or (ii) a net worth in excess of $1,000,000 (excluding the value of such
person’s primary residence).
A Qualified Client is any person who comes within any of the following categories, at the time of such
Limited Partner’s admission to the Fund:
• A natural person who, or a company that, immediately after entering into the contract, has at
least $1,000,000 under the management of the Advisor and its affiliates;
• A natural person who, or a company that, the Advisor reasonably believes has a net worth
(together, in the case of a natural person, with assets held jointly with a spouse) of more than
$2,100,000 (excluding the value of such person’s primary residence);
• A qualified purchaser as defined in Section 2(a)(51)(A) of the Investment Company Act;
• A natural person who is an executive officer, director, trustee, general partner, or person serving
in a similar capacity, of the Advisor; or
• A natural person who is an employee of the Advisor (other than an employee performing solely
clerical, secretarial or administrative functions with regard to the Advisor) who, in connection
with his regular functions or duties, participates in the investment activities of the Advisor,
provided that such employee has been performing such functions and duties for or on behalf of
the Advisor, or substantially similar functions or duties for or on behalf of another company, for
at least 12 months.
The interests will not be registered under the Securities Act or the securities laws of any state or any other
jurisdiction, nor is any such registration contemplated.
Separately Managed Accounts:
The Advisor’s Clients shall generally include individuals, high net worth individuals, business entities,
trusts, estates, charitable organizations, and pension and profit-sharing plans. The amount of each type
of Client is available on the Advisor's Form ADV Part 1A. These amounts may change over time and are
updated at least annually by the Advisor. The Advisor, in its sole discretion, may charge a lesser investment
advisory fee, or a flat fee, based upon certain criteria (i.e. anticipated future earning capacity, anticipated
future additional assets, dollar amount of assets to be managed, related accounts, account composition,
competition, negotiations with Client, etc.). The Advisor generally does not impose a minimum
relationship size for establishing a relationship. However, certain of the Advisor’s strategies may require
a minimum asset amount to achieve optimal returns based on the needs of the Client, which may be
waived at the sole discretion of the Advisor. Please Note: As result of the above, similarly situated Clients
could pay different fees. In addition, similar advisory services may be available from other investment
advisers for similar or lower fees.
RAAMPS, LLC 13 |
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| HF | Flamingo All Weather Fund LP | 2019-11-04 |
| AUM Breakdown | Accounts | AUM ($M) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 0 | 0.0 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 350.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 1 | 350.0 |
| By Discretionary | ||
| Discretionary | 1 | 350.0 |
| Non-Discretionary | 0 | 0.0 |
| Total | 1 | 350.0 |
| By Non-United States Persons | ||
| Non-United States Persons | 0.0 | |
| United States Persons | 350.0 | |
| Total | 1 | 350.0 |
| Firm Profile (Form ADV) | |
|---|---|
| Discretionary AUM | $0.5B |
| Serves | Institutional, Retail, Research |
| Fund Types | Hedge Fund |