PILGRIM GLOBAL ADVISORS LLC

other names
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Adviser Profile
As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 3 50.00%
of those in investment advisory functions 2 100.00%
Registration SEC, 120-Day Approval, 10/13/2022
Other registrations (1)
AUM* 584,987,740 94.58%
of that, discretionary 584,987,740 94.58%
Private Fund GAV* 584,987,741 94.58%
Avg Account Size 292,493,870 -2.71%
SMA’s No
Private Funds 2 1
Contact Info (77 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
301M 258M 215M 172M 129M 86M 43M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$496,885,852
Fund TypeOther Private Fund Count1 GAV$88,101,889

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Brochure Summary

Overview

A. Description of the Advisory Firm Pilgrim Global Advisors LLC (“PGA LLC” or the “Firm”), a Delaware limited liability company, was formed in July 2022 to become the Alternative Investment Fund Manager (“AIFM”) of Pilgrim Global ICAV, an Irish collective asset management vehicle registered with the Central Bank of Ireland (the “ICAV”). The Firm is owned by Darren Maupin and Kean Chung. B. Types of Advisory Services PGA LLC serves as the non-EU AIFM to the ICAV and as the general partner of the Pilgrim Global SPV I (US), LP (the “SPV” and collectively with the ICAV the “Funds”) pursuant to the Funds’ constituent documents (the “ Constituent Documents”) The Firm’s investment program for the ICAV focuses on identifying opportunities following market dislocations that present mis- pricings due to human, institutional, and/or technical factors. Investment opportunities are evaluated by comparing prices to conservative estimates of underlying intrinsic business value rather than attempting to forecast stock price movements over the short and medium-term. The ICAV seeks to invest in deeply undervalued businesses with a large margin of safety, high, asymmetric return potential, and minimal medium- term
risks to the business from factors such as technological obsolescence or increased competition. Patience, a long investment time horizon, and a focus on the people involved are additional important aspects of the investment philosophy. For the purposes of the ICAV’s investment program the Firm defines “risk” as the probability of permanent impairments of intrinsic value of the underlying companies in the portfolio. The ICAV offers shares (“Interests” or “Shares”) to certain qualified investors as described in response to Item 7, below (such investors are referred to herein as “Investors” or “Shareholders”). The SPV was formed in 2023 to hold a single security. Interests in the SPV are not continuously offered. C. Client Tailored Services and Client Imposed Restrictions PGA LLC will have the authority to select which and how many securities and other instruments the Funds will buy or sell without consultation with the Funds Investors. D. Wrap Fee Programs PGA LLC does not participate in wrap fee programs. E. Amounts Under Management As of December 31, 2023, PGA LLC had $584,987,740 million of regulatory assets under management on a discretionary basis and $0 on a non-discretionary basis.