Fees and Compensation — Form ADV Part 2A (3/16/2023)
[Brochure]
5. Fees and Compensation
The extent to and specific manner in which our clients are responsible for management fees,
performance-based compensation and/or expenses are set forth in each client’s applicable IMA with
Thinkshop (and, in the case of the Fund, in the Fund Documents).
SMAs:
SMA clients generally pay management fees of 1.5% (annually) of assets under management and are
charged monthly in arrears based on each account’s ending value. An SMA also may pay an annual
incentive fee, subject to a high water mark, if provided in the client’s IMA (as further described in Item
Account Minimums and Types of Clients — Form ADV Part 2A (3/16/2023)
[Brochure]
7. Types of Clients
Currently, Thinkshop generally provides investment advice to the Fund, as well as to high net worth
individuals and other individuals through SMAs. Thinkshop may provide investment advice in the
future to other types of clients, such as institutional clients.
The minimum initial investment in the Fund, subject to waiver by the General Partner, currently is
$250,000. Thinkshop will determine the minimum investment for an SMA on a case-by-case basis,
but generally it is expected to be at least $500,000.
Filed 2026-03-03 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $250,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Filed 2021-07-20 (D) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
1
0.2
(b) Individuals (high net worth individuals)
3
4.3
(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
1
21.2
(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
0.0
(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