Sovereign Bay Capital

Key Fund Details

Strategy:Long/Short Equities with Opportunistic Macro Overlay
Broker-Dealer: Buckman Buckman & Reid
Custodian:RBC Capital Markets, LLC
Administrator:STP Investment Services
Auditor:Cohen & Co.
Accounting:Cohen & Co.
Legal Counsel:Ice Miller LLP

Terms & Structure

Target AUM:$25 Million
Minimum Investment:$250,000 (subject to GP discretion)
Investor Eligibility:Accredited Investors under SEC Regulation D, Rule 506(a)
Subscriptions:Monthly (July–Sept 2025), Quarterly beginning Oct 1st 2025
Redemptions:Quarterly with 60 days’ notice
Lock-Up Period:1 year (soft lock)
Management Fee:Tiered: 1.50% – 2.00% based on share class
Performance Allocation:20% over a high-water mark
Hurdle Rate:5%, 10% annual (non-cumulative, for B & C share classes)

Special subscriptions permitted with GP approval

Share Classes

ClassInvestment SizeManagement FeePerformance Allocation
Class A$250K to < $2M2.00%20%
Class B$2M to < $5M1.75%20% (5% soft hurdle rate)
Class C≤ $5M1.50%20% (10% soft hurdle rate)