Overview
Anthemis Capital Managers Limited (“Anthemis”, the “Adviser”, the “Firm” or “Anthemis”) a
United Kingdom limited company with its principal office and place of business in London, United
Kingdom was formed in June 2015. Anthemis is indirectly wholly-owned by Anthemis Group SA,
a Luxembourg based holding company, for the purpose of carrying out certain investment advisory
business. Anthemis is authorized and regulated by the UK Financial Conduct Authority.
Anthemis provides discretionary investment advisory services to private, pooled investment
vehicles. Anthemis’ clients include the following (each, a “Fund,” some of which may include
feeder investment vehicles which are also considered to be clients, and together with any future
private investment fund to which the Advisor (as defined below) or its affiliates provide investment
advisory services, the “Funds”):
• Anthemis Insurance Venture Growth Fund, S.C.Sp (“AIVG”)
• Anthemis Venture Fund I LP (“AVF”)
• Anthemis Venture Fund II S.C.Sp (“AVFII Master”)
• Anthemis Venture II Feeder Fund SCSP (“AVFII Feeder”)
• Anthemis Venture II US Feeder Fund LP (“AVFII US Feeder”, together with AVFII
Master and AVFII Feeder, “AVFII”)
• Anthemis Venture Fund III LP (“AVFIII")
• Female Innovators Lab L.P. (“Female Innovators”)
Additionally, Anthemis provides sub-advisory investment services to private investment funds
(the “Sub-Advised Accounts”, and together with the Funds, “Clients”). Anthemis follows the
investment objectives, guidelines and restrictions set forth in the applicable governing and/or
offering documents of each Fund. The Funds invest through negotiated transactions in privately
held growth companies (such investments generally referred to herein as “portfolio companies”).
Anthemis does not limit its investment advice to only certain types of investments.
Anthemis’ advisory services are provided to the Funds pursuant to the terms of a separate
management services agreement between Anthemis and each Fund, which management services
agreement may be incorporated within the Governing Documents. Certain Anthemis affiliates
serve as the General Partners to the Funds (the “General Partners”). Additionally, each Fund has
a founding partner (“Founding Partner”) which receives a carried
interest payment, as described
below in Item 5. Throughout this Brochure, reference to Anthemis should be deemed to include
reference to the “General Partners,” as the affiliates are under common control and provide
services substantially through the same persons. The Funds do not offer interests to the public, and
Fund interests are only offered in private placements to accredited investors. The terms applicable
to investors in the Funds are detailed in the Funds’ confidential offering documents, which are
provided to prospective investors.
Please see Item 8.A. for additional information regarding the Firm’s investment strategy.
Anthemis will tailor its specific advisory services with respect to each Fund based on the particular
investment objectives and strategies described in, for example, a Fund’s confidential offering
memorandum (if any), limited liability company operating agreement, account opening,
investment advisory/management services agreement and other related documents (referred to
collectively as the “Governing Documents”.
Investors in each Fund participate in the overall investment program for the applicable Fund, but
in certain circumstances are excused from a particular investment due to legal, regulatory or other
agreed-upon circumstances pursuant to the Governing Documents; for the avoidance of doubt,
such arrangements generally do not and will not create an adviser-client relationship among the
Advisor and/or any investor. Each Fund or the relevant General Partner generally enter into side
letters or other similar agreements (“Side Letters”) with certain investors that have the effect of
establishing rights (including economic or other terms) under, or altering or supplementing the
terms of, the Governing Documents with respect to such investors.
Anthemis’ investment management and advisory services to its Clients are provided pursuant to
the terms of the applicable Governing Documents and investors cannot obtain services tailored to
their individual specific needs.
Anthemis does not participate in a wrap fee program.
As of December 31, 2023, Anthemis manages approximately $608,853,513 in regulatory assets
under management on a discretionary basis. Anthemis does not intend to manage any Client assets
on a non-discretionary basis.