HLM MANAGEMENT CO., LLC

other names
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Adviser Profile
As of Date 03/25/2024
Adviser Type - Large advisory firm
Number of Employees 12
of those in investment advisory functions 5
Registration SEC, Approved, 10/21/2021
Other registrations (3)
Former registrations

HLM MANAGEMENT CO., LLC

AUM* 436,734,194 7.73%
of that, discretionary 436,734,194 7.73%
Private Fund GAV* 436,734,194 6.63%
Avg Account Size 109,183,549 34.67%
SMA’s No
Private Funds 4 1
Contact Info 617 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
507M 435M 362M 290M 217M 145M 72M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeVenture Capital Fund Count4 GAV$436,734,194

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Brochure Summary

Overview

HLM Management Co., LLC (“we,” “us,” “our,” or the “Firm”) is a Waltham based venture capital firm focused on investing in privately-held companies operating in the healthcare information technology, healthcare services, and medical device sectors. HLM was founded in 1983 and is now owned by Peter J. Grua and Edward L. Cahill. HLM’s primary business is to invest in innovative, venture, and expansion‐stage emerging growth companies that address the needs of all healthcare industry participants including consumers, providers, payers, and organizations serving their needs. HLM serves as an investment manager to related investment partnerships that make venture capital investments in the securities of established businesses (each partnership, “Fund(s)” or “Partnership(s)”). HLM attempts to make investments of approximately $5 million to $25 million in size, in companies with stable revenue and cash flow businesses with high margin structure, and
will attempt to capitalize on flexible investment structures. In providing services to the Partnerships, HLM formulates the investment objective, directs and manages the investment and reinvestment of the Partnership’s assets, and provides periodic reports to the Partnership’s investors. Investment advice is provided directly to the Partnership and not individually to the limited partners of the Partnership. HLM manages the assets of the Partnership in accordance with the terms of the Partnership’s applicable governing documents. The Firm has entered into and may enter into “side letters” or similar agreements with certain investors that may waive or modify the application of, or grant special or more favorable rights with respect to the Offering Documents to the extent permitted by applicable law. As of December 31, 2023, HLM managed Regulatory Assets under Management of approximately US $436,734,194 on a discretionary basis.