Fees and Compensation — Form ADV Part 2A (3/24/2026)
[Brochure]
Item 5 – Fees and Compensation__________________________________________________
The following paragraphs detail the fee structure and compensation methodology for services provided by
the Advisor. Each Client shall sign an Investment Advisory Agreement that details the responsibilities of
Sherow and the Client.
A. Fees for Advisory Services
Manager to Sherow Capital Partners, L.P.
Investors in the Fund each pay the Manager an Advisory Fee at an annual rate of 1.50%, pursuant to the
Fund partnership agreement. The Advisory Fee is payable quarterly in advance, based on the investor's
capital account balance in the Fund as of the close of business on the last business day of the prior
quarter. In addition to the Investment Advisory Fee, Sherow will receive a Performance Allocation
(“Performance Fee”) based upon any gains obtained in the Fund for the year. Performance fees are paid
in arrears determined by the Fund's offering documents and will be equal to 20% of any gains in the Fund
account during the year, subject to a “high water mark”. The Performance fee is payable on December
31st of each year, or upon redemption of assets if assets are redeemed intra-year. Additional information
is contained in the Fund's offering documents. See Item 6 – Performance-Based Fees.
Managed Accounts
Investment Advisory Fees for individual managed accounts are paid quarterly in advance pursuant to the
terms of the Investment Advisory Agreement. Investment Advisory Fees are based on the market value of
assets under management at the end of each calendar quarter at a rate of 2.00%, which may be
negotiated. Investment Advisory Fees in the first quarter of service are prorated to the inception date of
the account to the end of the first quarter. Fees may be negotiable at the discretion of the Advisor. The
Client’s fees will take into consideration the aggregate assets under management with Advisor. All
securities held in accounts managed by Sherow will be independently valued by the designated
Custodian. Sherow will not have the authority or responsibility to value portfolio securities.
In addition to the Investment Advisory Fee, Sherow will receive a Performance Fee based upon any gains
obtained in the Client’s account for the year. Performance fees are paid in arrears and will be equal to
20% of any gains in the Client’s account during the year, subject to a “high water mark”. The Performance
Sherow Management, LLC
11 The Pines * Roslyn, NY 11576
Phone: (516) 359-4435
fee is payable on December 31st of each year, or upon redemption of assets if assets are redeemed intra-
year. See Item 6 – Performance-Based Fees.
Fees may be reduced or waived for directors, officers, and employees of Sherow at the sole discretion of
the Advisor. Investment Advisory Fees may be negotiated by Sherow at its sole discretion. All securities
held in a portfolio managed by Sherow will be independently valued by the custodian. Sherow will not
have the authority or responsibility to value portfolio securities.
B. Fee Billing
Manager to Sherow Capital Partners, L.P.
The calculation and disbursement of the fees will be performed by the General Partner at the end of the
quarter & verified by the Independent Auditor for accuracy. Additional information is contained in the
Fund’s Private Offering Memorandum and Subscription Agreement, which is provided to each Investor in
advance of investing in the Fund.
Account Portfolio Management Investment Advisory Fees will be automatically deducted from the Client
Account by the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of
the fees to be deducted from the Client Account at the respective quarter end date. The amount due is
calculated by applying the quarterly rate (annual rate divided by 4) to the total assets under management
with Sherow at the end of each quarter. Clients will be provided with a statement, at least quarterly, from
the Custodian reflecting deduction of the Investment Advisory Fee. In addition, the Advisor will provide the
Client a report itemizing the fee, including the calculation period covered by the fee, the account value and
the methodology used to calculate the fee. It is the responsibility of the Client to verify the accuracy of
these fees as listed on the custodian’s brokerage statement as the Custodian does not assume this
responsibility. Clients provide written authorization permitting Sherow to be paid directly from their
accounts held by the Custodian as part of the Investment Advisory Agreement and separate account
forms provided by the Custodian.
C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Sherow, in connection with
investment made on behalf of the Client’s account[s]. The Client is responsible for all custodial and
securities execution fees charged by the custodian and executing broker-dealer. The Investment Advisory
Fee charged by Sherow is separate and distinct from these custodian and execution fees. Please see
Account Minimums and Types of Clients — Form ADV Part 2A (3/24/2026)
[Brochure]
Item 7 – Types of Clients________________________________________________________________
Sherow provides discretionary investment advisory services to high net worth individuals, trusts, estates,
and a private fund (hedge fund) in New York and other states. The relative percentage each type of Client
is available on Sherow’s Form ADV Part 1. These percentages will change over time. The Fund generally
requires a minimum account size of $250,000 to effectively implement its investment process. Lesser
amounts may be accepted, subject to approval of the Advisor. Any subscription larger than $250,000 must
be in increments of $100,000. Existing limited partners wishing to add to an investment in the Partnership
may make incremental investments of $100,000. For managed accounts, the Advisor requires a minimum
account size of $1,000,000.
Sherow Management, LLC
11 The Pines * Roslyn, NY 11576
Phone: (516) 359-4435