ARTICLE
5 December 2017

New Public Alternative Funds (November 30, 2017)

KL
Herbert Smith Freehills Kramer LLP

Contributor

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New Public Alternative Funds (November 30, 2017)
United States Finance and Banking
Fund Name: NorthStar Real Estate Capital Income Fund-C
Adviser: CNI RECF Advisors, LLC
Sub-Adviser(s): None
Fees: Management fee, calculated and paid quarterly in arrears, of 1.25% of the Master Fund's average daily net assets during such period.
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: $4,000 minimum initial investment; $100 minimum subsequent investment (except for purchases made pursuant to the Trust's dividend reinvestment plan or as otherwise permitted by the Trust)
Filing Date: Nov. 16, 2017
Effective Date: Pending
Fund Name: Destra International & Event-Driven Credit Fund
Adviser: Destra Capital Advisors LLC
Sub-Adviser(s): BlueBay Asset Management LLP
Fees: 1.75% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Unspecified minimum initial investment
Filing Date: Nov. 15, 2017
Effective Date: Pending
Fund Name: Sierra Real Estate Fund
Adviser: SREF Advisors LLC
Sub-Adviser(s): None
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment for regular accounts, $1,000 for retirement accounts (Class A); $2,500 minimum initial investment for regular and retirement accounts (Class T, S and L); $100 minimum subsequent investment if made under Fund's automatic investment program, $1,000 minimum subsequent investment if not made under the Fund's automatic investment program (Class A, T, S and L); Unspecified minimum initial investment, no minimum subsequent investment (Class I).
Filing Date: Nov. 13, 2017
Effective Date: Pending
Fund Name: Goldman Sachs Private Markets Fund 2018 LLC
Adviser: Goldman Sachs Asset Management, L.P.
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End
Investor Restrictions: Accredited investor, U.S. person; $50,000 minimum investment
Filing Date: Oct. 12, 2017
Effective Date: Pending
Fund Name: Infinity Long/Short Equity Fund LLC
Adviser: Infinity Capital Advisors, LLC
Sub-Adviser(s): None
Fees: 1.25% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Accredited investor; $25,000 minimum initial investment, $10,000 minimum subsequent investment
Filing Date: Oct. 4, 2017
Effective Date: Pending

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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