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Adviser Profile

As of Date 03/21/2024
Adviser Type - Large advisory firm
Number of Employees 12 20.00%
of those in investment advisory functions 8
Registration SEC, Approved, 12/17/2020
Other registrations (1)
AUM* 1,477,481,855 78.69%
of that, discretionary 1,477,481,855 78.69%
Private Fund GAV* 1,477,481,855 37.56%
Avg Account Size 70,356,279 104.22%
SMA’s No
Private Funds 21 3
Contact Info 917 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
1B 935M 779M 623M 468M 312M 156M
2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count21 GAV$1,477,481,855

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Brochure Summary

Overview

Prysm Capital, a Delaware limited partnership and a registered investment adviser, provides investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere. Prysm Capital commenced operations in June 2019. Prysm Capital’s clients include private investment funds (the “Funds,” and each, a “Fund”) to which Prysm Capital or its affiliates provide investment advisory services. The Funds include vehicles that make single investments. One or more affiliates of Prysm Capital serve as the general partners, managers, managing members, or special members to the Funds (each such entity in such capacity, a “General Partner,” and collectively, the “General Partners,” and together with Prysm Capital and their affiliated entities, “Prysm”). Each General Partner is subject to the Advisers Act pursuant to Prysm Capital’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with Prysm Capital. The Funds are private equity funds and invest through negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” Prysm’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions for such investments. Although investments are made predominantly in non-public companies, investments in public companies are permitted in certain circumstances. From time to time, where such investments consist of portfolio companies, the senior principals or other personnel of Prysm generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies in which the Funds have invested. Prysm’s advisory services to the Funds are detailed in the applicable private placement memoranda or other offering documents (each, a “Memorandum”), investment management agreements, limited partnership or other operating agreements (each, a “Partnership Agreement” and, as applicable, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds participate in the overall investment program for the applicable Fund, but in certain circumstances can be excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Governing Documents; such arrangements generally do not and will not create an adviser-client relationship between
Prysm and any investor. The Funds or the General Partners generally enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the relevant Governing Documents with respect to such investors. Additionally, from time to time and as permitted by the relevant Governing Documents, Prysm provides (or agrees to provide) co-investment opportunities (including the opportunity to participate in co-invest vehicles) to certain investors or other persons, including other sponsors, market participants, finders, consultants and other service providers, Prysm’s personnel and/or certain other persons associated with Prysm (e.g., a vehicle formed by Prysm’s principals to co- invest alongside a particular Fund’s transactions). Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. The terms of a co-investment are governed by the applicable Governing Document as agreed between Prysm and the investor. These co-invest vehicles are similarly managed by Prysm Capital, are clients of Prysm Capital and are included in the meaning of “Fund” as previously defined. From time to time, for strategic and other reasons, a Fund purchases a portion of an investment from one or more Fund vehicles after such vehicles have consummated their investment in the portfolio company (also known as a post-closing sell- down or transfer), which generally will have been funded through co-investor capital contributions and/or use of a credit facility. Any such purchase generally occurs shortly after the closing of the investment to avoid any changes in valuation of the investment. Where appropriate, and in Prysm’s sole discretion, Prysm reserves the right to charge interest on the purchase (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Fund for related costs. For avoidance of doubt, such interest amounts are paid to and from Fund vehicles and does not impact the financial statements of Prysm Capital. Further, to the extent related costs accrued by Fund vehicles are not so charged or reimbursed to the acquiring Fund vehicles, they generally will be borne by the relevant Fund. As of December 31, 2023, Prysm managed approximately $1,477,481,855 in client assets on a discretionary basis and no client assets on a non-discretionary basis. Prysm Capital, LLC, a Delaware limited liability company, acts as the general partner of Prysm Capital. Prysm Capital’s principal owners are Jay Park, Muhammad Mian and Matthew Roberts.