Overview
Structure; History and Ownership
Pearl Diver Capital LLP is an investment advisory firm with its principal place of business in London.
Pearl Diver Capital LLP will be referred to in this brochure as “we,” “the firm” or “Pearl Diver Capital.”
The firm is organized as a limited liability partnership under the laws of the United Kingdom.
We commenced business in 2008 and we have been registered as an investment adviser with the
Securities and Exchange Commission (“SEC”) since 2017.
The firm is owned by Indranil Basu and Chandrajit Chakraborty (the “Managing Partners”).
Types of Advisory Services
We provide non-discretionary investment advisory services to the general partners (the “general
partners”) of a number of private investment funds (the “funds”) for use with respect to the funds. The
general partners are our affiliates as they are under common control.
The funds offer securities to investors only through private placements of such securities. The detailed
terms applicable to investors in the funds are described in the funds’ organizational
documents and, with
respect to certain of the funds, described in the fund’s confidential private placement memorandum.
Our investment strategies relate to the acquisition, holding, monitoring and realization of diversified
portfolios of tranches of collateralized loan obligations (“CLOs”) issued by U.S. and European CLO
vehicles, with a view to maximizing the profits distributed by the funds to investors in the context of
prevailing economic conditions.
The investment strategies we employ for use with respect to the funds are described in greater detail
below at Item 8 and in the offering documents of the funds (where applicable). We do not tailor the
strategy to the needs of individual fund investors.
Although we do not have a direct contractual relationship with the funds, for U.S. regulatory purposes we
treat the funds as clients of Pearl Diver Capital.
Assets Under Management
As of December 31, 2023 we managed $96,462,539.00 of client assets on a discretionary basis and
$2,186,903,440 of client assets on a non-discretionary basis.