A. The Company
CH Global Capital Management, LLC is a Delaware limited liability company that was founded in 2014.
Throughout this Brochure, CH Global Capital Management, LLC is referred to as the “CH Global”, “We”
or “Us”. We were formerly known as CH EM Holdings, LLC.
CH Global is wholly owned by CH Global Holdings, LLC, a Delaware corporation. CH Global Holdings,
LLC is directly owned by Pedro Chomnalez and Maria Alejandra Herrera (together, the “Principals”). The
Principals make all major investment decisions with respect to CH Global.
B. Advisory Services
CH Global offers discretionary and non-discretionary investment management and advisory services to
ultra-high net worth individuals and families, as well as business and family-related entities and trusts
(collectively, “clients”). CH Global’s advice to such clients is provided through separately managed
account agreements, private funds, and entities or trusts formed by or for the benefit of such clients.
As part of the investment advisory services provided to clients, CH Global works with the client to develop
an investment program which reflects, among other things, the client’s investment objectives, liquidity
requirements and risk tolerances. CH Global builds tailored portfolios for each client that may include
investments ranging from traditional equity and fixed income, to more sophisticated alternative
investments. Services provided by CH Global when managing a client portfolio include:
• Sourcing, selecting and monitoring third-party investment managers
• Evaluating (and if appropriate, re-balancing) existing holdings, including real estate and non-liquid
assets, in light of the client’s investment objectives
• Considering alternative investments including hedge funds, private equity, private credit and real
assets for the client’s portfolio.
• Developing diversification strategies
• Providing on-going advice regarding strategic and tactical investment strategies
CH Global primarily seeks to provide the Primary Services and the Additional Services described below.
Discretionary and Non-discretionary Advisory Services to Clients (“Primary Services”)
CH Global provides a range of asset allocation and investment advisory services on a discretionary and
non-discretionary basis to clients.
Each client maintains its assets in custody at financial institutions (each, a “Custodian Bank”). Typically,
a client will have a relationship with a Custodian Bank, but upon request CH Global may assist a client to
select wealth or financial advisors affiliated with a Custodian Bank. In managing the assets of a client held
at a particular Custodian Bank, CH Global will recommend investments to clients based on the investment
products and services offered by the Custodian Bank, including any portfolio re-balancing or allocation
recommendations. Investment recommendations made by CH Global will, except as set forth below under
Non-Discretionary Advisory Services (“Additional Services”) and Private Funds (“Private Funds”), be
limited to the investment products and services offered by each Custodian Bank. Investment products
typically offered by Custodian Banks include publicly traded securities, mutual funds, exchange-traded
funds, fixed income instruments and other investment products that may be managed by third-party
managers. CH Global may direct the trading of
securities directly in such client accounts and/or facilitate
the execution of any investment decisions made by clients, but does not generally have discretion or
authority to withdraw funds from these accounts held at the Custodian Banks.
Clients are subject to fees charged by Custodian Banks, which are separate from, and in addition to, any
fee payable to CH Global. However, due to CH Global’s relationships with the Custodian Banks, the
advisory fees charged by a Custodian Bank to a client is generally based on the aggregate amount of assets
of all CH Global clients who maintain their accounts at such Custodian Bank, rather than based on each
client’s account on a stand-alone basis. Therefore, clients advised by CH Global may receive the benefit
of reduced fees charged by the Custodian Banks.
Non-discretionary Advisory Services (“Additional Services”)
On a non-discretionary basis, CH Global may also recommend to clients potential investment opportunities
with alternative asset managers and private companies or investments in privately offered alternative
investment funds. Leveraging its global network, CH Global identifies and sources alternative investment
opportunities, including direct investments in privately held companies, in third-party managed funds (e.g.,
hedge funds, private equity funds or credit funds) and in real assets.
CH Global has direct access to top ranked asset and fund managers, and conducts extensive due diligence
of asset managers before making recommendations to our clients. Fees from third-party advisers and third-
party managed funds are usually separate and distinct from our advisory fee. Investments in alternative
asset classes are not done on a discretionary basis; clients approve these investments, including the terms
and conditions under which they invest.
Private Funds (“Private Funds”)
CH Global has formed and sponsored a private investment fund (the “Fund”) to access third-party managers
and certain alternative investments and may form and sponsor additional similar funds in the future. CH
Global treats the Fund as a client of the firm and manages its investment program as a whole, rather than
the individual needs of each client with an interest in the Fund. The terms of the Fund, including its
investment program, are described in its offering and governing documents.
Private funds managed by CH Global may enter into arrangements which have the effect of altering or
supplementing the terms of a specific investor’s investment (or group of investors’ investments) in the fund,
including, but not limited to: (i) waiving or rebating a portion of the performance or management fee, or
both; (ii) waiving, or otherwise granting concessions with respect to, any redemption notice requirement or
with respect to the frequency of permitted redemptions; (iii) granting the right to receive reports that include
information not provided to other investors (such as, but not limited to, portfolio risk and/or investment
related information); and (iv) granting such other rights or benefits as may be negotiated and agreed to with
such investors.
C. Wrap Fee
CH Global does not provide advisory services under wrap fee programs.
D. Assets Under Management
As of December 31, 2023, CH Global had $ 464,039,795 in assets under management. Of those assets,
$341,051,997 is managed on a discretionary basis and $ 119,987,798 is managed on a non-discretionary
basis.