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Adviser Profile

As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 17
of those in investment advisory functions 8
Registration SEC, Approved, 10/12/2023
AUM* 339,576,141
of that, discretionary 310,463,251
Private Fund GAV* 310,463,251 11.53%
Avg Account Size 17,872,428
SMA’s No
Private Funds 8
Contact Info 650 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
1 1 1 1

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$21,071,883
Fund TypePrivate Equity Fund Count7 GAV$289,391,368

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Brochure Summary

Overview

Borderless Management LLC is a Delaware limited liability company that was founded in October 2018. Borderless serves as investment manager to eight private investment funds and certain other private investment vehicle. The private funds managed by Borderless include Borderless ALGO Fund I LP and Borderless ALGO Fund I Ltd. (collectively, “ALGO Fund I”), Borderless ALGO Fund II LP, Borderless ALGO Fund II (Non-US) LP and Borderless ALGO Fund II (US) LP (collectively ALGO Fund II”), Borderless EdgeFi Fund I LLC, (“EdgeFi Fund I”), Borderless EdgeFI Fund II LP and Borderless EdgeFi Fund II (Non-US) LP and Borderless EdgeFi Fund II (US) LP (collectively “EdgeFi Fund II”), Borderless PLANETS Fund LLC (“PLANETS”), HNT Multi-Strategy Fund I Corp, (“HNT Multi-Strategy”), Borderless Cross- Chain Ecosystem Fund LP and Borderless Cross-Chain Ecosystem Fund (Non-US) LP and Borderless Cross-Chain Ecosystem Fund (US) LP (“Cross-Chain”), and Borderless Multi-Strategy Fund V LP and Borderless Multi-Strategy Fund V (Non-US) LP and Borderless Multi-Strategy Fund V (US) LP (collectively “Multi-Strategy”), (each, a “Fund,” and together, the “Funds”). Unless otherwise described, references herein to the “Fund” or Funds”, “Limited Partner” or “Limited Partners” or “Interest” or “Interests” shall be used to reference all Funds. Borderless is a privately held investment adviser with headquarters in Clermont, Florida principally owned by Borderless Group LLC and managed, generally, by Arul Murugan and David Garcia. Borderless provides discretionary investment management services to the Funds generally designed to leverage its expertise in blockchain and
the Algorand and EdgeFi ecosystems as well as its experience with early-stage founders to accelerate access, bootstrap adoption, and create value across the Algorand and EdgeFi ecosystems. For more information regarding Borderless’ investment strategies, please see Item 8 below. The interests in the Funds are not and will not be registered under the Securities Act of 1933, as amended (the “1933 Act”), or the securities laws of any state or any other jurisdiction, nor is any such registration contemplated. In addition, the Funds are not and will not be registered as investment companies under the Investment Company Act of 1940, as amended (the “1940 Act”), in reliance on various exceptions under Section 3(c) thereof. Finally, Borderless also manages assets of a separately managed account of an institutional investor and in the case of that investor, it tailors its advisory services to the needs of such investor. The managed account assets are managed on a non-discretionary basis. As of December 31, 2023, Borderless’ Regulatory Assets Under Management as defined in the instructions to Form ADV Part IA in its Funds were $310,463,251,1 managed on a discretionary basis and $29,112,890 managed on a non-discretionary basis. For more information about the Funds, including applicable fees and other terms and conditions of investment, please consult the Private Placement Memorandum for the applicable Fund. 1 This amount does not include assets of certain special purpose vehicles to which Borderless does not generally provide continuous and regular supervisory or customary management services.