Fund Terms

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Prospective partners often ask about the fund's terms. We want to help good people achieve their financial goals, and there are regulations that we must follow. SEC rules require that we only accept partners who are "accredited investors".

This generally means that you need to have:

  • Annual income above $200,000, or $300,000 combined with your spouse
  • [or] Net worth of $1,000,000 - calculated excluding your home and any mortgage on it

If you meet either of those criteria, Curreen Capital Partners LP is permitted to welcome you as an partner. We will verify that you are accredited using pay stubs, brokerage statements, or other documents that you show us.

Beyond the SEC's requirements - our terms are:

  • Minimum Investment of $50,000 - an outstanding investment opportunity for the full range of accredited investors
  • 1.5% management fee - where no-fee funds might collapse and leave you hanging in a bear market, our management fee lets us stick with you no matter what
  • 20% incentive fee - this is how we are compensated for managing your money. We only make money when you make money
  • High water mark - if the value of your investment in the fund declines, we do not get an incentive fee until your losses are fully recouped
  • 1 Year lock-up - the earliest you can redeem your investment in the fund is one year after you make the investment. We think long-term, and we invest long-term
  • Quarterly redemptions - after the first year, you can withdraw your money once every three months. We plan to be your partner for many years, and hope that you think of our relationship the same way

In addition to those terms: I, Christian Ryther, Portfolio Manager of Curreen Capital Partners LP, promise you:

  • As our fund grows, I will lower the management fee that you pay - targeting a fixed keep-the-lights-on amount per year that will shrink as a percentage of the fund's assets as we continue to grow
  • The vast majority of my and my family's money is and will remain invested in the fund, alongside yours. We are partners - rain or shine, we are in this together

Does this sound good to you? Connect with us:

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Disclaimer:

Curreen Capital Management LLC (“Curreen”) is an independent investment management firm located in Brooklyn, NY. The information provided herein may not be reproduced or distributed, in whole or in part, without prior written consent. The data provided is for informational and discussion purposes only. Curreen makes no warranty, express or implied, regarding the applicability of the information to any investor’s investment decision-making process. The information contained herein will be superseded by, and is qualified in its entirety by, reference to the private placement memorandum or comparable document of Curreen Capital Partners LP, which will contain additional information about the investment objectives, terms and conditions of an investment in said fund and also may contain tax information and risk disclosures that are important to any investment in the fund. You should refer to or request a copy of such documents prior to evaluation of the information on this site, as they contain detailed disclosures that should be taken into consideration. You should also consult a financial, tax, legal or other adviser with appropriate expertise when using this information to evaluate an investment decision. Material aspects of the information contained herein may change at any time.  The historical performance data provided is neither indicative of nor a guarantee of future results. There is no assurance that similar returns will be achieved in the future. Actual, net of fees performance is presented for Curreen Capital Partners LP. An investor’s actual results may have differed substantially from the performance figures presented herein due to differences in fees and the timing of investor contributions and withdrawals, among other reasons. Performance figures include cash and cash equivalents, and reflect the reinvestment of dividends, interest and other earnings.

PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS

Curreen Capital relies on Rule 506 of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”), as the exemption by which the Partnership makes its private offering of Partnership Interests. You may click the following link to be brought directly to the SEC’s summary page about Rule 506 of Regulation D: http://www.sec.gov/answers/rule506.htm

Under Rule 506(c), the Partnership can broadly solicit and generally advertise its offering of Partnership Interests, but still be deemed to be undertaking a private offering within Section 4(a)(2) of the Securities Act if:

  • The investors in the offering are all accredited investors; and
  • The Partnership has taken “reasonable steps” to verify that its investors are accredited investors, which could include, without limitation, reviewing documentation, such as W-2s, tax returns, bank and brokerage statements, and credit reports. 

Whether “reasonable steps” have been taken by an issuer to verify whether a purchaser is an accredited investor will be determined objectively, in light of the facts and circumstances of each purchaser; what constitutes “reasonable steps” may vary from purchaser to purchaser.   In addition to having provided four non-exclusive methods of verifying that natural person purchasers are accredited investors (in the final rule release for Rule 506(c)), the Securities and Exchange Commission has also described certain factors that issuers should consider when deciding whether “reasonable steps” have been taken.  To view the final rule release for Rule 506(c), please select the following link: https://www.sec.gov/rules/final/2013/33-9415.pdf.

VERIFICATION OF ACCREDITED INVESTOR STATUS

The Partnership is open to “accredited investors” only, through an offering made in accordance with Rule 506(c) of Regulation D promulgated under the Securities Act.  In connection with a prospective investor’s purchase of Partnership Interests through a Rule 506(c) offering, the Partnership is obligated to verify any participating investor’s status as an “accredited investor” (as such term is defined in Rule 501 promulgated under the Securities Act). 

If we receive inquiries from unknown persons, we will request “proof” of accreditation which may include the submission of any number of the following documents: recent tax returns, brokerage statements, accountants statement of net worth, and any other documentation required to demonstrate accreditation. It is important that each individual investor understand that Curreen Capital and/or the Partnership must legally provide to any authority, state or federal, the necessary documentation as required to conform to applicable law, rule and regulation.