Maritime Partners provides investment advice specifically for U.S. flagged maritime vessels and related assets. Maritime Partners offers discretionary asset management and investment advisory services to privately offered pooled investment vehicles. Investors cannot generally place investment restrictions or tailor Maritime Partners' advisory services to their individual requirements.
Fee Structure
Maritime Partners manages several different Funds with different terms related to management fees. Depending upon the specific Fund's governing documents, management fees are generally: (i) paid monthly in arrears in an amount equal to 0.125% (the monthly equivalent of 1.50% per annum) of each Fund Member’s pro rata share (based on equity ownership) of the initial acquisition cost (including any portion thereof that is financed with debt) of assets then owned by the applicable Fund, (ii) paid monthly in arrears in an amount equal to 0.1667% (the monthly equivalent of 2.0% per annum) of the aggregate contributions of each Fund Member to the applicable Fund, (iii) paid monthly in arrears in an amount equal to the monthly equivalent of 1.0% per annum of the lesser of (x) each Fund Member’s pro rata share (based on equity ownership) of the aggregate net asset value of the applicable Fund and (y) the aggregate contributions of each Investor to the applicable Fund, (iv) paid monthly in advance in an amount equal to 0.08333% of the acquisition cost of the vessels then owned by such Fund or (v) paid monthly in advance in an amount equal to a daily fee based on the number of actual days elapsed in such month.