776 Management, LLC. (“776” or the “Firm”), a Delaware limited liability company, is a Florida
based investment firm that was formed in 2020 by Alexis Ohanian. The Firm and/or its affiliates
provide investment advisory services to investment vehicles that are exempt from registration under
the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not
registered under the Securities Act of 1933, as amended (the “Securities Act”).
As an investment adviser to related investment partnerships, the Firm has built out its investment
platform with the following private pooled investment vehicles (each a “Fund” and collectively, the
“Funds”): 776 Fund, L.P. (“Fund I”), 776 Fund II, L.P. (“Fund II”), 776 Fund III, L.P. 776 Arête Fund I,
L.P. (“Arete Fund”), 776 Arête Fund II, L.P., and 776 Kryptos Fund I, L.P. 776 may decide in the future
to sponsor or manage additional private pooled investment funds (in addition to the Funds). The
Funds make venture capital investments in start-ups and growth stage companies, both from the
existing portfolio as well as new opportunities. The Funds also make investments in digital assets and
companies that operate in the web3, crypto, blockchain, distributed ledger or similar technology
companies (collectively, “Digital Assets”).
Additionally, the Firm has organized and serves as the investment adviser to, and affiliates of the
Firm serve as the general partner to, various special purpose vehicles (each a “SPV") (SPVs and
Funds, each a “Client”) for investment in a particular investment opportunity, generally alongside
a Fund. Investments in the Funds are offered to only qualified investors, typically institutional
investors, and eligible high net worth individuals.
776’s advisory services are tailored to the investment objectives, parameters and restrictions of
which are disclosed to investors in each Client’s offering memorandum, limited partnership
agreement, and subscription documents (“Governing Documents”). Investment restrictions are set
forth in the respective Governing Documents of each Client. Investment advice is provided directly
to each Client and not individually to the investors in each Client (the “Limited Partners” or
“Investors”). Limited Partners may not impose additional restrictions on the management of the
Clients.
As permitted by the relevant Governing Documents, 776 may enter into “side letter” or similar
agreement (“Side Letter”) with a Limited Partner in connection with its admission to a Client,
without the approval of any other Limited Partner. Side Letters will grant such Limited Partners
specific rights, benefits, or privileges, including, but not limited to, transfer rights, excuse from
particular types of investments, certain disclosure or reporting obligations of the Firm or affiliated
general partner, and participation in, and terms of co-investment opportunities.
As of December 31, 2023, 776 had approximately $923,726,269 of regulatory assets under
management on a discretionary basis. The Firm is solely owned by the Ohanian Empire Living Trust,
in which Alexis Ohanian serves as the trustee.