The management fee will be paid quarterly in arrears. Any investment made in a primary fund of funds, co-investment fund or secondary fund managed by the Investment Manager will be excluded from the management fee calculation. Also no management fees to the Inv. Manager on cash and short-term investments. The Investment Manager also receives an annual administration fee equal to 0.1% of the NAV of private equity and opportunistic investments.
Nitrogen is so vital because it is a major component of chlorophyll, the compound by which plants use sunlight energy to produce sugars from water and carbon dioxide (i.e., photosynthesis). It is also a major component of amino acids, the building blocks of proteins. Without proteins, plants wither and die.
The use of ammonia in fertilizer has made it the second most important chemical in the United States. It is the most important source of nitrogen in fertilizers today. The use of fertilizers today is over 400% greater than it was in 1940.