Item 5: Fees and Compensation
Management Fee
As investment adviser to the Master Fund and the Feeder Funds, as further described in the applicable
Offering Documents, Triveni receives a management fee generally equal to an annual rate of 1.25% -
1.50% depending on the particular Fund.
The management fees are paid by the Master Fund quarterly in advance on the first day of each calendar
quarter, depending upon the net asset value of the Master Fund and each particular investment by an
Investor in the Feeder Funds. Management fees are generally pro-rated for partial periods. Once paid,
management fees are non-refundable.
Triveni Capital Investments LP Form ADV Part 2A
The Subadvised Funds will be charged fees on a case-by-case basis, which may include management
fees and/or performance-based compensation, in accordance with the terms of the applicable Offering
Documents. Management fees are generally paid by the Subadvised Funds in advance or arrears on a
monthly basis and performance-based compensation is generally paid at the end of a performance
period, as more fully described in the Offering Documents with each Subadvised Fund.
The Investment Manager or its affiliates may reduce, waive or calculate differently the management fee
for certain Investors in the Feeder Funds, including but not limited to, the Principal and any other
member, partner, affiliate or employee of Triveni or the General Partner; any member of the
immediate family of any such person; and any trust or other entity established for the benefit of any
such person that invests directly or indirectly in the Funds (collectively, the “Investment Manager-
Related Investor”).
Other Fees and Expenses
The Funds bear their own expenses and any trading subsidiary or special purpose vehicle’s expenses,
including, without limitation, the following: expenses related to the research, due diligence, financing,
monitoring and disposition of actual and prospective investments, whether or not such investment is
consummated, including, without limitation, the following: travel expenses incurred by the Funds or
any trading subsidiary or special purpose vehicle or by Triveni or its affiliates in connection with
researching potential investment opportunities; third-party investment sourcing fees (including,
without limitation, performance-based fees); fees charged by the Triveni or its affiliates to provide
investment sourcing services to, or on behalf of the Funds or any trading subsidiary or special purpose
vehicle; provided, however, that such sourcing fees do not exceed the rate typically charged by third
parties engaged in such sourcing; fees and expenses related to obtaining research and market data
(including, without limitation, any information technology hardware, software or other technology
incorporated into the cost of obtaining such research and market data, and including fees and expenses
related to obtaining, processing and analyzing research or market data that may be considered “big
data” or “alternative data”, including fees and expenses related to performing due diligence on
potential providers of any of such research or market data services (including, without limitation, “big
data” or “alternative data” services)); due diligence expenses including, without limitation, consulting
and appraisal fees; travel expenses; brokerage, prime brokerage and futures commission merchant
fees, commissions and expenses; expenses relating to block trades; expenses relating to short sales;
clearing and settlement charges; custodial fees and expenses; bank service fees; interest expenses and
fees related to financings or refinancing; fees and expenses of proxy research and voting and class
action-related services; and fees and expenses of third-party professionals, including, without
limitation, consultants, investment bankers, attorneys and accountants; organizational and
reorganizational expenses; operational expenses, including the following: fees and expenses relating to
information technology hardware, software or other technology (including, without limitation, costs
of software licensing, implementation, data management and recovery services and custom
development) used to research investments, evaluate and manage risk, facilitate valuations, facilitate
accounting functions and/or facilitate compliance with the rules of any self-regulatory organization or
applicable law (including, without limitation, reporting obligations), facilitate and manage the order
execution of investments or otherwise manage the Funds or any trading subsidiary or special purpose
vehicle such as Bloomberg terminals, portfolio management systems, risk management systems and
order management systems; fees and expenses of third-party risk management products, models and
services; fees and expenses of third-party professionals, including, without limitation, consultants,
valuation service providers, attorneys, accountants and third-party administrative fees and expenses
and including, without limitation, the costs of engaging or appointing a Money Laundering Reporting
Officer, a Deputy Money Laundering Reporting Officer and an Anti-Money Laundering Compliance
Officer; fees and expenses of the independent members of the Advisory Committee; the costs of any
litigation or investigation involving the activities of the Funds or any trading subsidiary or special
purpose vehicle; taxes and third-party audit and tax preparation expenses; insurance expenses,
including, without limitation, premiums for cybersecurity insurance and liability insurance covering the
Triveni Capital Investments LP Form ADV Part 2A
General Partner, the Investment Manager and the members, partners, officers, employees and agents
of any of them, and each member of any advisory board; fees and expenses (including, without
...