Overview
Baleen is a Delaware limited liability company that has been in business since May 1, 2012.
Baleen’s manager, controlling owner and portfolio manager is Fang Li. As of July 31, 2023,
Baleen had discretionary assets under management of approximately $106,700,000. Baleen only
manages assets on a discretionary basis.
Baleen serves as the general partner and investment adviser to private investment funds (the
“Baleen Funds”). Baleen has also formed one or more “special purpose” funds, and may form
similar funds in the future (“SPVs”), to invest in opportunities that it believes are attractive but are
(a) appropriate for the Baleen Funds, but too large to allocate solely to those funds, (b) outside of
the Baleen Funds’ investment strategies, or (c) in Baleen’s judgment not appropriate at that time
for the Baleen Funds. The Baleen Funds and the SPVs are referred to collectively as the “Funds”
and individually as a “Fund”.
Baleen invests principally, but not solely, in equity and equity-related securities of public and
private companies in global markets on behalf of its clients, but is authorized to enter into any type
of investment transaction that it deems appropriate under the terms of Fund’s partnership or
operating agreement or client account agreement.
The investors in the Funds have no opportunity to select or evaluate any Fund investments or
strategies. Baleen selects all Fund investments and strategies.
Additionally, Baleen will, on occasion, provide consulting services to private companies. This will
generally take the form of advice related to company growth, oversight of financials, marketing,
and other advice related to the development of the company. Such services may be provided to
underlying portfolio companies as well as potential investment targets. In the case of services
provided to companies held in any of the Fund portfolios, any compensation paid to Baleen will
be reflected in a direct offset to management fees for the relevant Fund equal to the compensation
paid.
Baleen does not participate in wrap fee programs.