Overview
FIRM DESCRIPTION
BroakOak Asset Management LLC (“BroadOak” or the “Firm”) is organized as a Delaware
limited liability company. BroadOak’s current business activities consist of providing
investment advisory services to pooled investment vehicles. Our Firm is wholly owned by
BroadOak Capital Partners, LLC. BroadOak Capital Partners is majority owned by William
Snider and Donald Wilson with Lars Hanan and Research Corporation Technologies, Inc.
sharing a minority position.
TYPES OF ADVISORY SERVICES
BroadOak Asset Management, LLC (“BroadOak”) is an investment manager focused
exclusively on the life sciences sector. It was formed and is operated to manage private
pooled investment funds with a narrow investment focus. BroadOak’s managing partner is
William Snider. BroadOak Asset Management, LLC has been in operation since 2009, and is
wholly owned by BroadOak Capital Partners, LLC.
BroadOak Asset Management, LLC provides discretionary investment management
services to U.S.-based private investment pools. In providing such services, BroadOak
implements investment strategies based on evaluating life sciences, research tools,
pharmaceutical, biotechnology, healthcare services
and other companies in the healthcare
sector. Such strategies may include, within the healthcare sector and subject to each client’s
investment program, investments in the securities of U.S. public and private companies. In
providing its investment advisory services, BroadOak determines when and which
investments will be acquired, disposed of, or exchanged on behalf of its clients to maintain
a portfolio consistent with the Fund’s objectives. BroadOak seeks to invest primarily in
growth- stage life sciences companies seeking debt or minority equity financing. Due to the
nature of its business, BroadOak does not tailor its advisory services to the needs of
individual clients and does not permit clients to impose restrictions upon investments in
certain types of securities.
ASSETS UNDER MANAGEMENT
When calculating regulatory assets under management, an Investment Adviser must
include the value of any private fund over which it exercises continuous and regular
supervisory or management services. As noted above, BroadOak’s only clients are their
private funds. As of December 31st, 2023, BroadOak manages $370,973,419 on a
discretionary basis and $0 on a non-discretionary basis.