Fees and Compensation — Form ADV Part 2A (7/6/2018)
[Brochure]
Item 5 – Fees and Compensation
Description
As set forth above, each Investment Fund’s management agreement is individually negotiated and
generally provides for payment of a management fee based on a fixed percentage of commitments
under management in the range 1.00% to 2.50%. Some Investment Fund agreements have a provision
reducing the applicable management fee for the period after the Fund’s assets have been fully invested.
In addition, some Investment Fund agreements provide for a carried interest charge based on overall
fund profitability which may be subject to a hurdle. In general, no carried interest is charged unless all
the investors in the Fund are “Qualified Clients” within the meaning of Rule 205-3 under the Advisers
Act.
Fee Billing
Client fees are generally deducted from client assets on a quarterly basis in advance.
Other Fees
Each Investment Fund is responsible for paying any custodial and transaction fees that may be incurred
in connection with TWGGP advisory services. In addition, investors in an Investment Fund bear
indirectly other fees and expenses charged to the Investor Fund such as legal, compliance or regulatory
fees, audit, accounting and tax preparation fees and insurance costs. These expenses generally are
deducted from each investor’s capital account. To the extent that an Investment Fund invests in other
funds, investors in the Investment Fund will also be subject to management fees imposed by the
underlying funds in which the Investment Funds invest.
Account Minimums and Types of Clients — Form ADV Part 2A (7/6/2018)
[Brochure]
Item 7 - Types of Clients/Account Minimums
As set forth above, TWGGP’s clients consist of pooled investment vehicles structured as limited
partnerships and other forms of entities.
The minimum investment amount for each Investment Funds is set forth in such Investment Fund’s
offering documents.