A. Description of the Advisory Firm
Outerlands Capital Management, LLC (“Outerlands”), a Delaware limited liability company,
was formed on June 20, 2023. Colin Jones is the manager of Outerlands.
B. Types of Advisory Services
Outerlands provides investment advisory services on a discretionary basis to privately
offered pooled investment vehicles (each a “Fund” and together with any future private
investment fund to which Outerlands provides investment advisory services, the “Funds”).
Outerlands also provides non-discretionary investment advice and portfolio management
services to sophisticated investors (“Managed Accounts” and collectively with the Funds, the
“Clients”). Outerlands’ Clients are typically comprised of institutional investors, high-net
worth individuals and families, charitable organizations, trusts, estates, and businesses.
Funds
Currently the Funds advised by Outerlands are the (i) Outerlands Broad Quality Fund I LP, a
Delaware limited partnership (the “Onshore Feeder”), (ii) Outerlands Broad Quality Fund I
Ltd., a Cayman Islands exempted company (the “Offshore Feeder”), and (iii) Outerlands Broad
Quality Master Fund Ltd., a Cayman Islands exempted company (the “Master Fund” and
collectively with the Onshore Feeder and Offshore Feeder, the “Broad Quality Fund”), which
are organized in a “master-feeder” structure.
An affiliate of Outerlands, Outerlands GP I LLC, a Delaware limited liability company, acts as
the general partner of Onshore Feeder (the “General Partner). Colin Jones is the manager of
the General Partner.
Investors in the Funds advised by Outerlands, including prospective investors, are referred
to herein as “Investors”.
Managed Accounts
Pursuant to each Managed Account Clients’ investment management agreement (each an
“IMA”) with Outerlands, Outerlands provides non-discretionary investment advisory and
portfolio management services with respect to the balance sheet and assets of the Managed
Account Client, with a specific emphasis on the management of Managed Account Clients’
Digital Assets (as defined below). Outerlands will assess and provide analysis with respect to
private investments brought to such Managed Account Client, working with such Clients’
accounting and business teams to execute and complete transactions.
Outerlands may also provide Consulting Services, Treasury Management Services and Cash
Management services to certain Managed Account Clients.
“Consulting Services” may include reviewing and drafting white papers, reviewing and
consulting on tokenomics models, and providing overall guidance with respect to the Digital
Asset ecosystems requested by Managed Account Clients.
“Treasury Management Services” will include Outerlands’ non-discretionary advice with
respect to the holdings of the Managed Account Client, including stablecoins, assets held in
Digital Asset exchanges and/or private Digital Asset wallets, qualified custodians, and any
other assets held by Managed Account Clients.
“Cash Management Services” may include the provision of non-discretionary investment
advice by Outerlands with respect to the cash assets of Managed Account Clients, including
investments in money market funds and other short-term cash management solutions.
Consulting
Services, Treasury Management Services, and Cash Management Services
provided to Managed Account Clients are collectively referred to as the “Managed Account
Services”. Outerlands is selective with respect to the Clients it elects to provide Managed
Account Services to and will only accept such engagements with Clients who meet certain
criteria, as determined by Outerlands in its sole discretion.
Managed Account Clients will always have their own methods for custodying and holding
assets including, but not limited to, (i) accounts with qualified custodians (i.e., Gemini,
Anchorage, Coinbase, Oppenheimer, etc.), (ii) Digital Asset exchange account (Coinbase,
Kraken, etc.), (iii) Digital Asset wallet, and/or (iv) multi-signature wallet (collectively, the
“Custodial Accounts”). Outerlands will provide its non-discretionary investment advice and
manage the Digital Assets of Managed Account Clients held in such Custodial Accounts.
Managed Account Clients are free at all times to accept or reject any investment
recommendation from Outerlands.
Outerlands will also assist Managed Account Clients in the preparation, review, and
evaluation of policies, parameters, restrictions, and objectives of such Client’s financial goals.
Outerlands will assist in the review and establishment of Clients’ asset allocation goals and
may make non-discretionary recommendations deemed appropriate based on Clients’
investment policies, market conditions, financial condition, and other factors. As part of the
investment management process, Outerlands gathers information on the Client’s complete
balance sheet, providing a complete picture of the Client’s financial condition, allowing
Outerlands to properly provide its non-discretionary advice with respect to the Managed
Account Clients’ Custodial Account assets in line with the Clients’ financial objectives.
Outerlands does not effect securities transaction on behalf of Managed Account Clients.
Outerlands may decide in the future to sponsor or manage additional Funds or Managed
Accounts.
C. Client Tailored Services and Client Imposed Restrictions
Outerlands investment management and advisory services to the Funds are provided
pursuant to the terms of each Fund’s private placement memorandum and/or other offering
documents, investment advisory agreement, limited partnership agreement, limited liability
company agreement, or other governing documents (collectively, the “Governing
Documents”). Investors cannot obtain services tailored to their specific needs.
However, Outerlands may enter into side letters and other agreements and arrangements
with certain Investors specific rights, benefits, or privileges that are not made available to
Investors generally.
Outerlands non-discretionary advisory services with respect to Managed Account are
generally tailored to achieve the Client’s investment and financial objectives. Clients may
impose reasonable restrictions, in writing, on Outerlands’ non-discretionary advisory
services.
D. Wrap Fee Programs
Outerlands does not participate in wrap fee programs.
E. Amounts Under Management
Outerlands does not have any assets under management at this time.