Overview
A. Description of the Advisory Firm
A. 5AM Venture Management, LLC (“5AM” or the “Firm”) was founded in 2002. 5AM
serves as an investment adviser to pooled investment vehicles (each, a “Fund” and
collectively, the “Funds”). An affiliate of 5AM serves as the general partner of each Fund (the
“General Partners”). The General Partners are registered under the Advisers Act pursuant to
5AM’s registration as an investment adviser in accordance with SEC guidance. These entities
operate as a single advisory business together with 5AM and share common owners, officers,
partners, employees, consultants or persons occupying similar positions. The General
Partners are under common control and subject to 5AM’s code of ethics and compliance
programs adopted pursuant to the requirements of the Advisers Act.
The Firm’s headquarters is located in San Francisco, CA with additional offices in Boston, MA
and New York, NY. 5AM’s principal owners are Andrew Schwab and Kush Parmar. They serve
as the Firm’s Managing Partners.
B. Types of Advisory Services
5AM offers discretionary investment advice to the Funds under two investment platforms:
(1) venture funds and their related co-investment vehicles that make early-stage venture
capital investments into life science companies (the “Venture Funds”) and (2) funds that
make follow-on investment rounds in life science
companies in which the Venture Funds have
existing interests and later stage private and publicly held companies in life science related
fields (the “Opportunities Funds”) (collectively, the Venture Funds and Opportunities Funds,
the “Funds”).
5AM pursues investments in advanced life science innovations, and seeks to be diversified
across the biopharmaceutical therapeutics, and platform technologies. Within each sector,
5AM invests across multiple therapeutic areas and modalities on behalf of the Funds, and
evaluates opportunities based on innovative platform technologies, corporate spin-offs and
products with shorter development cycles.
C. Client Tailored Services and Client Imposed Restrictions
5AM provides investment advisory services to each Fund in accordance with such Fund’s
private placement memorandum, limited partnership agreement (“LPA”) (or analogous
organizational document), separate investment advisory agreements or contractual side
letters with such Fund's investors, as applicable (the “Governing Documents”).
D. Wrap Fee Programs
5AM does not participate in wrap fee programs.
E. Amounts Under Management
As of December 31, 2023, 5AM manages approximately $1,453,938,677 in regulatory assets,
including uncalled capital commitments, on a discretionary basis. The Firm does not manage
any assets on a non-discretionary basis.