PHASE 3 CAPITAL MANAGEMENT LLC

other names
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Adviser Profile
As of Date 03/21/2024
Adviser Type - Large advisory firm
Number of Employees 8 14.29%
of those in investment advisory functions 4
Registration SEC, Approved, 5/4/2018
AUM* 1,276,718,000 26.42%
of that, discretionary 1,276,718,000 26.42%
Private Fund GAV* 119,606,000 -15.65%
Avg Account Size 182,388,286 -9.70%
SMA’s No
Private Funds 2
Contact Info 312 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 2B 1B 907M 605M 302M
2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$119,606,000

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Brochure Summary

Overview

A. Phase 3 is a Delaware limited liability company formed in March 2018 for the purpose of providing investment advisory services to institutional clients, pooled investment vehicles, and private funds (hereinafter referred to collectively as “Clients” or “Client”). Phase 3 is wholly owned by Phase 3 Holdings LP, which is majority owned by Ethan Youderian. B. Phase 3 is typically granted broad and flexible investment discretion with respect to its advisory Clients. Phase 3’s principal investment objective is to achieve attractive risk adjusted returns, primarily by employing relative value, directional, fundamental, volatility and event-driven strategies in pursuit of investment opportunities. C. Phase 3 manages investments for Clients in accordance with the investment objectives, strategies, guidelines, and terms and conditions, outlined in each Client’s applicable investment management agreement, confidential private placement memorandum or equivalent governing document (“Offering Document”). Phase 3 does not, however, provide individualized investment advice or tailor its advisory services to the individual needs of investors in the private funds to which it provides investment advisory services. Nonetheless, Phase 3 may enter into side letters and other agreements and arrangements
with certain investors that may provide terms and conditions that are more advantageous than or alter or supplement those set forth in a fund’s Offering Document. Such terms and conditions can include, without limitation, special rights to make future investments in a fund or other investment vehicles or accounts managed by Phase 3, different transparency and/or reporting rights, different withdrawal/redemptions rights and/or different fee terms. Phase 3 also performs advisory services for Clients that are pooled investment vehicles treated as separately managed accounts and such services are individually tailored to such Clients. D. Phase 3 does not participate in wrap-fee programs. E. Phase 3 manages approximately $1,276,718,000 of regulatory assets on a discretionary basis as of December 31, 2023. Investors in private funds managed by Phase 3 (a “Fund” or collectively, the “Funds”) should review not only this Brochure but also the full contents of the Offering Document or similar document for any Fund in which they are considering investing. This Brochure is intended to be a general summary of advisory services provided by Phase 3 to its general Client base. This Brochure may be both supplemented and superseded by the Offering Documents for any Fund.