SWEATER INDUSTRIES LLC

other names
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Adviser Profile
As of Date 03/26/2024
Adviser Type - An investment adviser (or subadviser) to an investment company
Number of Employees 8 -69.23%
of those in investment advisory functions 2 -66.67%
Registration SEC, Approved, 1/3/2022
AUM* 13,840,112 20.35%
of that, discretionary 13,840,112 20.35%
Private Fund GAV* 236,000 100.00%
Avg Account Size 6,920,056 -39.82%
SMA’s No
Private Funds 1 1
Contact Info 720 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
11M 10M 8M 7M 5M 3M 2M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeVenture Capital Fund Count1 GAV$236,000

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Brochure Summary

Overview

Sweater Industries LLC (“Sweater”) specializes in investing in high-growth companies shaping the future of consumer and professional products, with the aim to invest in real-world applications that impact people's everyday lives. The firm's investment approach includes co- investment with partner venture capital funds, leveraging an extensive deal scout network, direct investment into other venture capital funds, and acquisition of shares in secondary markets. Sweater's primary advisory service involves managing investments for a Registered Investment Company. However, it may also extend its portfolio management services to include Special Purpose Vehicles (SPVs) or private funds, structured as 3(c)(1) or 3(c)(7) funds, in the future. SPVs are innovative financial instruments that allow a group of investors to pool resources for a single investment in a company. This approach broadens access to venture capital investment opportunities that may otherwise be inaccessible to many investors. The firm tailors each client's investment strategy according to their specific needs, and as the discretionary manager, Sweater makes investment decisions on behalf of the funds while adhering to the guidelines and restrictions
set by the funds' legal documents and investment strategy. The funds may inherently restrict investment in certain securities or types of securities. Sweater provides advisory services across various stages of a company's growth cycle, from pre- seed to seed, Series A, and Series B, and also explores secondary investment opportunities with companies in the growth stages, usually Series C or later. Sweater does not participate in wrap fee programs and does not offer portfolio management services under such schemes. As of December 31, 2023, Sweater managed $13,840,112 in discretionary assets under management, with no non-discretionary assets. These assets under management are subject to fluctuation due to market conditions, capital contributions, withdrawals, and other relevant factors. Sweater‘s unique approach, combined with its diligent vetting process and active participation in the stages of portfolio companies' growth, sets it apart as a dynamic player in the venture capital and investment advisory landscape. Whether you're an investor looking for venture capital exposure or a founder seeking capital, Sweater presents a collaborative and insightful platform to meet your objectives.