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.