Overview
ADVISORY BUSINESS
GLASfunds, LLC (“GLAS”) is an Ohio Limited Liability Company that was established in January 2009. GLAS
is owned by GLASfunds Holdings, LLC, the principal owners of which are Michael A. Maroon (the “Managing
Partner”) and Corient Management LLC.
GLAS provides discretionary investment advisory services to GLASfunds, LP and GLASfunds, SPC (each, a
“Fund”, and together, the “Funds”). The Funds provide investors with the ability to create customized
portfolios of hedge fund and private equity investments (such underlying funds, “Portfolio Funds”). Each
investor in a Fund, with assistance from GLAS, will allocate its investment in each Fund to one or more
investment strategies (each an “Investment Strategy”). Each Investment Strategy constitutes a separate series
of interests or shares of the relevant Fund (each a “Series”). GLAS may also advise one or more additional
private funds in the future. References throughout this document to “clients” refer to the Funds and any other
private
funds and accounts that we may advise in the future.
GLAS also serves as the general partner to a private fund managed by another investment adviser registered
with the SEC, which is under common ownership with GLAS (the “Externally-Managed Fund”). In such
capacity, GLAS is responsible for the management of the Externally-Managed Fund, but it does not provide
advice or investment advisory services to such fund.
The Funds are managed in accordance with their own investment objectives, as described in their respective
offering documents, governing agreements and schedules thereto (collectively, the “Governing Documents”).
GLAS does not permit investors in the Funds to impose limitations on the investment activities described in
the Funds’ Governing Documents. (See Item 16 - Investment Discretion.)
As of December 31, 2023, GLAS had $2,021,147,000 of regulatory assets under management, all of which was
managed on a discretionary basis. GLAS does not manage any assets on a non-discretionary basis.