Altum Capital Management provides discretionary investment management services to pooled investment vehicles, specifically private investment funds. Altum invests in structured credit investments and other complementary strategies, focusing on collateralized loan obligations, mortgage-backed securities, and other asset-backed securities. Altum does not tailor its advisory services to the particular needs of individual investors in the Feeder Funds. Altum may enter into agreements with certain investors that provide for more advantageous terms than those set forth in the Offering Documents.
Fee Structure
Altum Capital Management is compensated by the Funds in the form of management fees and may receive performance-based allocations. Management fees are calculated and deducted monthly, in arrears, and generally equal 2.0% per year. Performance allocations generally equal 20% of any net profits achieved by each series of shares issued by a Fund or 20% of any net profits allocated to the capital sub-accounts of the limited partners of a Fund in any fiscal year, subject to a customary high-watermark. Altum does not receive any fees from the Co-Investment Vehicle, but a related party of Altum is entitled to a performance-based allocation equal to 20% of distributions, after return to the third party investor of its investment amount and a 12% per annum (compounded) return, as well as a catch-up on such investment amount and return.