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Adviser Profile

Registration status Terminated
As of Date 02/09/2024
Adviser Type - Large advisory firm
Number of Employees 33
of those in investment advisory functions 11
AUM* 299,882,851
of that, discretionary 299,882,851
Private Fund GAV* 0 -100.00%
Avg Account Size 99,960,950
SMA’s No
Private Funds 0 1
Contact Info 628 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
300M 257M 214M 171M 129M 86M 43M
2020 2021 2022 2023

Private Funds



Employees

Brochure Summary

Overview

The information in this Item 4 reflects the terms on which Engine No. 1 provides investment advice to its clients. Engine No. 1 LLC, founded in October 2020, is a Delaware limited liability company and a registered investment adviser with a principal place of business in San Francisco, California. Engine No. 1 LLC has four advisory affiliates:
• Capital Management at Engine No. 1 LLC (“Capital Management”),
• Engagement at Engine No. 1 LLC (“Engagement”),
• The Foundry at Engine No. 1 LLC (“The Foundry”), and
• Fund Management at Engine No. 1 LLC (“Fund Management”). All affiliates are wholly owned subsidiaries and relying advisers of Engine No. 1, except for Fund Management, which is a separate investment adviser that is registered with the SEC. Engine No. 1 LLC, Capital Management, Engagement, the Foundry all operate a single advisory business, and are collectively referred to herein as “Engine No. 1” or the “Firm.” Engine No. 1 LLC's sole owner is Engine No. 1 LP, and its general partner is Engine No. 1 GP LLC. Christopher James is the principal owner of the Firm. The Firm is focused on delivering investment advice and fund management services with the goal of achieving capital appreciation for Clients and investors in the Clients (each, an “Investor” and collectively, the “Investors”) while, at the same time, having a positive impact on the sectors of the broader community and economy, investing in and building companies that create sustainable growth and long- term value. The Firm does not limit its investment advice only with respect to certain types of investments. Please see Item 8.A. for a description of the Firm’s investment strategy. Engine No. 1 provides investment advisory services through its ownership and control of Capital Management, Engagement, and The Foundry. Capital Management provides investment advisory services on a discretionary basis to privately offered pooled investment vehicles in a master-feeder structure, Engine No. 1 Total Value Perennial Fund, LP (the “Onshore Feeder”), Engine No. 1 Total Value Perennial Offshore Fund, LP (the “Offshore Feeder”) and Engine No. 1 Perennial Total Value Master Fund LP (the
“Master Fund”) (each, a “Fund” and collectively, the “Funds”). Engagement and The Foundry intend to advise special purpose vehicles and privately held operating companies (together, each an “SPV” and collectively, the “SPVs”). The Funds and SPVs are collectively referred to herein as the “Clients.” In general, the Firm is granted investment discretion and authority to manage a Client’s investments subject to any restrictions imposed by that Client's governing documents or its investment management agreement with the Firm. The Funds are only offered to Investors that meet the definition of “accredited investor” as defined under Regulation D of the Securities Act of 1933 and “qualified purchasers” under Section 2(a)(51) of the Investment Company Act of 1940 so as to comply with Section 3(c)(7) of that Act. The Firm may choose to advise additional types of clients in the future. The Firm’s advisory services are provided to the Clients pursuant to the specific terms, investment objectives, and strategies as outlined in each respective Client’s offering and governing documents, or in an investment management agreement. The advisory services Clients receive are tailored to meet the specified investment objectives and strategies as set forth in each respective Client’s offering and governing documents; the Firm does not tailor its advisory services to the individual specific needs of Investors. In addition, the Firm has the discretion to enter and has entered into agreements, such as side letters, with certain investors in the Funds that may in each case provide for terms of investment that are more favorable than the terms provided to other investors in the Funds. Such terms typically include, among other things, the waiver or reduction of management and/or incentive fees/allocations, the provision of additional information or reports, key-person notifications, more favorable transfer rights, and more favorable liquidity rights. The Firm does not participate in, nor does it sponsor, wrap fee programs. As of December 31, 2022, the Firm managed approximately $299,882,851 in regulatory assets under management. The Firm manages assets solely on a discretionary basis.