0001145549-22-036500.txt : 20220610 0001145549-22-036500.hdr.sgml : 20220610 20220610171233 ACCESSION NUMBER: 0001145549-22-036500 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220610 DATE AS OF CHANGE: 20220610 EFFECTIVENESS DATE: 20220610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Endowment PMF Master Fund, L.P. CENTRAL INDEX KEY: 0001597218 IRS NUMBER: 464482288 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22940 FILM NUMBER: 221009839 BUSINESS ADDRESS: STREET 1: 712 W. 34TH STREET STREET 2: SUITE 201 CITY: AUSTIN STATE: TX ZIP: 78705 BUSINESS PHONE: 5126605146 MAIL ADDRESS: STREET 1: 712 W. 34TH STREET STREET 2: SUITE 201 CITY: AUSTIN STATE: TX ZIP: 78705 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001597218 XXXXXXXX false false false N-2 ENDOWMENT PMF MASTER FUND, L.P. 811-22940 0001597218 5493002064WYI01TBE55 712 W. 34th Street Suite 201 Austin 78705 US-TX US 5126605146 ENDOWMENT PMF MASTER FUND, L.P. 712 W. 34th Street Suite 201 Austin 78705 5126605146 FUND ENDOWMENT ADVISERS, L.P. d/b/a CYPRESS CREEK PARTNERS 712 W. 34th Street Suite 201 Austin 78705 5126605146 INVESTMENT ADVISER UMB BANK, N.A. 928 GRAND BOULEVARD 5TH FLOOR KANSAS CITY 64106 4142992000 CUSTODIAN UMB FUND SERVICES, INC. 235 WEST GALENA STREET MILWAUKEE 53212 4142992000 FUND ADMINISTRATOR AND TRANSFER AGENT N N N-2 N William P. Prather N/A N JEFFREY D. YOUNG N/A N JEFFREY R. KEAY N/A N Graeme Gunn N/A N Victor L. Maruri N/A N David Munoz N/A N Carl Weatherley-White N/A N Benjamin Murray 005782840 712 W. 34th Street Suite 204 Austin 78705 XXXXXX Y N N N N N N FORESIDE FUND SERVICES, LLC 8-51293 000046106 N/A N N RSM US LLP 00049 DK9QUZ08A30CNM0QWM05 N N N N N N N ENDOWMENT PMF MASTER FUND, L.P. 5493002064WYI01TBE55 N Fund of Funds Y N N N N/A N/A N/A N/A N N N N ENDOWMENT ADVISERS, L.P. d/b/a CYPRESS CREEK PARTNERS 801-62618 000129346 549300KWPESWGNS77W37 N UMB FUND SERVICES, INC. 84-05792 N/A N N N BLOOMBERG FINANCE L.P. 5493001KJTIIGC8Y1R12 N INTERCONTINENTAL EXCHANGE, INC. 5493000F4ZO33MV32P92 N N UMB Bank National Association VNOO6EITDJ2YUEBMSZ83 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N ENDOWMENT ADVISERS, L.P. d/b/a CYPRESS CREEK PARTNERS 549300KWPESWGNS77W37 Y N N UMB FUND SERVICES, INC. 84-05792 SEC FILE NUMBER N N N MERRILL LYNCH PROFESSIONAL CLEARING CORP. 8-33359 000016139 549300PMHS66E71I2D34 978.800000000000 BTIG, LLC 8-65473 000122225 549300GTG9PL6WO3EC51 3039.420000000000 4018.220000000000 0.000000000000 N 400127380.000000000000 Other LIMITED PARTNERSHIP INTERESTS LIMITED PARTNERSHIP INTERESTS N N N N N N 0.400000000000 0.860000000000 N/A 1.000000000000 true INTERNAL CONTROL RPT 2 fp0076908_g1aiiipmfmaster.htm PMF MASTER INTERNAL CONTROL LETTER

Report of Independent Registered Public Accounting Firm

Board of Directors and Partners

The Endowment PMF Master Fund, L.P.

In planning and performing our audit of the financial statements of The Endowment PMF Master Fund, L.P. (the Fund) as of and for the period ended March 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (a) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (b) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (c) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of March 31, 2022.

This report is intended solely for the information and use of management and the Board of Directors of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ RSM US LLP

Chicago, Illinois

May 30, 2022