9AT: FAIRMOUNT FUNDS MANAGEMENT LLC

other names

FAIRMOUNT FUNDS MANAGEMENT LLC

Adviser Profile

As of Date	08/06/2025
Registration	SEC, Approved, 06/27/2019
Other registrations (1)	SEC, ERA - Withdrawn, 05/24/2019
Former registrations	FAIRMOUNT FUNDS MANAGEMENT LLC
ADV Location	WEST CONSHOHOCKEN, PA, United States
Contact Info	267 xxxxxxx
Websites

AUM^*	3,168,724,000 39%
of that, discretionary	3,168,724,000 39%
Private Fund GAV^*	3,168,724,000 -5%
Avg Account Size	1,056,241,333 86%
SMA’s	No
Private Funds	5 1

Adviser Type

- Large advisory firm

Number of Employees 31 48%

of those in investment advisory functions 14 27%

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

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$3,092,965,000
Fund TypePrivate Equity Fund	Count2	GAV$75,759,000

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser LONG PATH PARTNERS, LP	Hedge Fund669.8m	Liquidity Fund-	Private Equity Fund352.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund106.4m	Total Private Fund GAV1.1b	AUM1.3b	#Funds16
Adviser PERINI CAPITAL	Hedge Fund51.0m	Liquidity Fund-	Private Equity Fund71.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV122.9m	AUM217.4m	#Funds9
Adviser LUTHER KING CAPITAL MANAGEMENT CORPORATION	Hedge Fund2.2b	Liquidity Fund-	Private Equity Fund3.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.1b	AUM30.1b	#Funds19
Adviser VENOR CAPITAL MANAGEMENT LP	Hedge Fund227.1m	Liquidity Fund-	Private Equity Fund75.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV302.3m	AUM326.2m	#Funds9
Adviser P2 CAPITAL PARTNERS, LLC	Hedge Fund911.9m	Liquidity Fund-	Private Equity Fund348.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.3b	#Funds5
Adviser ALTERNATIVE INVESTMENT MANAGEMENT, LLC	Hedge Fund758.2m	Liquidity Fund-	Private Equity Fund541.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.7b	#Funds23
Adviser SUMMIT ROCK ADVISORS, LP	Hedge Fund8.3b	Liquidity Fund-	Private Equity Fund4.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV13.2b	AUM23.5b	#Funds21
Adviser PFM HEALTH SCIENCES, LP	Hedge Fund1.9b	Liquidity Fund-	Private Equity Fund146.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.1b	AUM2.0b	#Funds10
Adviser TENOR CAPITAL MANAGEMENT COMPANY, L.P.	Hedge Fund8.8b	Liquidity Fund-	Private Equity Fund232.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV9.1b	AUM9.1b	#Funds17
Adviser VIKING GLOBAL INVESTORS LP	Hedge Fund67.0b	Liquidity Fund-	Private Equity Fund2.8b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV69.8b	AUM69.8b	#Funds30

Brochure Summary

Overview

Fairmount Funds Management LLC, a Delaware limited liability company (hereinafter “Fairmount,” “we”, “us”, “our” or the “Firm”), was founded by Peter Harwin and Tomas Kiselak, the principal owners of the Firm (the “Managing Members”) in August 2016. The Managing Members are responsible for the Firm’s daily management and portfolio selection. Fairmount Healthcare Fund II GP LLC and Fairmount Healthcare Co-Invest II GP LLC both Delaware limited liability companies (the “General Partners”), are affiliated with the Firm and owned by the Managing Members. Fairmount provides discretionary investment management services to qualified investors through its privately placed pooled investment vehicles (the “Funds”): (i) Fairmount Healthcare Fund II LP (“Fairmount Healthcare Fund II”) and Fairmount Healthcare Feeder Fund II LP (“Offshore Fund II,” and together with Fairmount Healthcare Fund II, the “Partnerships”); (ii) one Special Purpose Vehicle (the “SPV”); and (iii) Fairmount Healthcare Co-Invest II LP (“Co-invest II”). Offshore Fund II invests all its assets in Fairmount Healthcare Fund II. Offshore Fund II’s shareholders, Fairmount Healthcare Fund II and Co-invest II’s limited partners, and the members of the

SPV are hereafter collectively referred to as the “Investors” where appropriate. We do not tailor our advisory services to the individual needs of any Investor. Fairmount manages investments primarily focused on healthcare and life science companies, including companies developing drugs, devices, diagnostics, services, and/or healthcare IT. Investments are generally comprised of common stock, preferred shares, warrants, options, baskets of securities, exchange-traded funds, restricted shares, contingent value rights, and investments in privately held companies. We focus on small and midsize market capitalization companies and may invest long and/or short and may choose to hedge some or all of our positions. As of December 31, 2023, the Firm managed approximately $2,277,000,000 in client assets, all of which were managed on a discretionary basis. Information about the Funds presented in this Brochure is indicative of Fund terms and practices. Interests in any Fund are offered to eligible investors only through their respective confidential offering memoranda and other offering and governing documents, which should be read in their entirety prior to investment. This Brochure is not an offer of interests in any Fund.

FAIRMOUNT FUNDS MANAGEMENT LLC

Related Companies

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview