Overview
The Adviser
Longview Innovation Corp., a Delaware corporation (the “Adviser” or “Longview”), is a
registered investment adviser with the U.S. Securities and Exchange Commission (“SEC”). The
Adviser was formed in 2013 as IP Group, Inc. (“IP Group”). In March 2023, the Adviser
effectuated a name change in which IP Group was rebranded to Longview. The Adviser is
headquartered in Wilmington, Delaware. The Adviser is owned by Hard Science Investment
Management, LLC.
Longview’s mission is to bring novel science and technology to commercial use through its
venture capital investments. In this regard, Longview primarily invests in early-stage companies
emerging from university research and national laboratories. Such investments are generally made
through pooled investment vehicles and special purpose vehicles, including co-investment
vehicles (each, a “Fund,” and, collectively, the “Funds”) that are exempt from registration under
the Investment Company Act of 1940, as amended (“Investment Company Act”), though the
Adviser makes investments through investment management agreements with private fund clients
as well. The Adviser also reserves the right to make investments through other means. In general,
investors in Funds are not entitled to make changes to the investment strategy once a vehicle has
launched. However, investor input is regularly considered pre-launch and investor mandates can
be specified in connection with individually negotiated side letters and similar
mandates/restrictions. Although the Adviser does not currently advise separately managed
accounts, if it does in the future, it is expected that clients will have the opportunity to discuss
investment
strategies with the Adviser in crafting the overall investment strategy.
Advisory Services
The Adviser tailors its advisory services to the specific investment objectives and restrictions of
each client pursuant to the investment guidelines and restrictions set forth in each client’s
applicable offering and/or governing documents (collectively, the “Governing Documents”),
investment management agreement and/or investment policy. Information about each client’s
particular investment purpose are described in such client’s Governing Documents, investment
management agreement and/or investment policy. Adviser focuses their investments on novel
science and technology and aims to invest at the earliest point feasible. Adviser has relationships
with various universities and institutions to allow them to collaborate and assist in the management
and structure of the portfolio companies at the point of inception and work with and directly
participate throughout the commercialization of intellectual property and build-out process of the
related portfolio company.
Investments in the Funds involve significant risks and should be regarded as long-term in nature,
forming only one portion of an investor’s diversified investment portfolio.
Due to the unique timing of our funding and participation, Longview takes a comprehensive
approach to supporting our investments. Ancillary services offered to our companies include, but
are not limited to, business administrative support, talent acquisition, and capital market resources.
As of December 31, 2023, the Adviser has $123,507,945 in total regulatory assets under
management, all of which is discretionary.