A. General Description of Advisory Firm
Community US Fund Management, Inc. (the “Firm” or “Community”) is a Delaware corporation
organized on July 16, 2020. Community was co-founded by Jeremy Blank, Community’s Chief Executive
Officer and Portfolio Manager, and Michael Lawrence, Community’s General Counsel and Chief
Compliance Officer.
Community provides discretionary advisory services to private pooled investment vehicles, including
to (i) Community Master Fund, LP, a Cayman Islands exempted limited partnership (the “Community
Master Fund”); (ii) Community US Fund, LP, a Delaware limited partnership (the “Community Domestic
Fund”), which invests all of its investable assets in the Community Master Fund; (iii) Community Cayman
Fund, LP, a Cayman Islands exempted company (the “Community Offshore Fund”), which invests all of its
investable assets in the Community Master Fund; (iv) Community Life Sciences, LP, a Cayman Islands
exempted limited partnership (the “CLS Fund”); (v) YGF 100 LP, a Cayman Islands exempted limited
partnership (the “YGF Fund”); and (vi) several special purpose vehicles, that are generally either a Delaware
limited partnership or Delaware limited liability company (the “SPVs”). We refer to the Community Domestic
Fund together with the Community Offshore Fund and any additional feeder funds investing in the
Community Master Fund as the “Community Feeder Funds” and together with the Community Master
Fund, the “Community Funds”. We refer to the Community Funds, the CLS Fund, the YGF Fund, and the
SPVs as the “Funds,” and each, individually as the context may dictate, a “Fund.”
From time to time, we or our affiliates may launch, sponsor, or provide investment advisory
services to additional pooled investment vehicles or managed accounts. We refer to the Funds and any such
additional pooled investment vehicles and managed accounts, collectively, as our “Client Accounts,” or
more generally, with other potential clients, as our “Clients.”
Community US Fund GP LP a Delaware limited partnership and affiliate of the Firm, serves as the
general partner of the Community Funds (the “Community Funds General Partner”). The Community
Funds General Partner has ultimate responsibility for the management, operation and administration of the
Community Funds.
Community SPV GP, LP, a Cayman Islands exempted limited partnership and affiliate of the Firm,
serves as the general partner of the CLS Fund, the YGF Fund, and the SPVs (the “Community SPV
General Partner” and, collectively with the Community Funds General Partner, the “Community
General Partners”). The Community SPV General Partner has ultimate responsibility for the management,
operation and administration of the CLS Fund, the YGF Fund, and the SPVs.
Community’s principal owner is Jeremy Blank (the “Principal”).
The Principal formed each Community General Partner for the purpose of serving as the general
partner of the respective Funds. Each Community General Partner is owned (through one or more entities)
by the Principal.
B. Description of Advisory Services
As an investment adviser, we provide discretionary investment advisory services for the Client
Accounts. For a detailed discussion of our strategies, see Item 8 — “Methods of Analysis, Investment
Strategies and Risk of Loss.”
Pursuant to our separate investment management, investment advisory and/or limited partnership
agreements (the “Agreements”) with each of the Funds, we provide advisory services and manage Client
assets in accordance with one or more of our established investment strategies. In limited circumstances,
we may tailor the types of securities or other instruments to be traded on the Client’s behalf based upon
specific directions provided by such Clients in their Agreements, “side letter” or similar agreements or
otherwise. Any restrictions on investing in certain securities, types of securities, or any geographic areas or
industry sectors will be specified in the offering and organizational documents of the relevant Client (the
“Governing Fund Documents”).
C. Wrap Fee Programs
We do not participate in wrap fee programs.
D. Assets Under Management
As of December 31, 2023, we had approximately $350,760,876 regulatory assets under
management on a discretionary basis and no assets under management on a non-discretionary basis.