Overview
Driehaus Capital Management LLC is a privately held independent investment
adviser based in Chicago, Illinois providing discretionary and non-discretionary
advisory services to clients. We have been registered with the United States
Securities and Exchange Commission (“SEC”) since 1983. We are a Delaware
limited liability company that is majority-owned by Driehaus Capital Holdings
LLLP. Driehaus Capital Holdings LLLP is owned by entities related to our
deceased founder, Richard H. Driehaus.
As of December 31, 2023, we managed $15,168,007,761 of client assets on a
discretionary basis. We provide discretionary advisory and sub-advisory services
to a diverse group of U.S. and non-U.S. clients, including corporate pension
plans, public plans, endowments, foundations, single and multi-family offices,
Driehaus Mutual Funds (an SEC registered investment company), affiliated
pooled accounts, non-affiliated U.S. and non-U.S. registered and unregistered
pooled investment vehicles and high net worth individuals.
As of December 31, 2023, we provided non-discretionary advisory services to
model account programs with respect to approximately $58,179,844 in assets.
Since we do not have investment discretion or trading responsibility for these
assets, they are not included in our regulatory assets under management
provided above.
Driehaus Capital Management LLC employs active equity and multi-asset
alternative investment management strategies. We have experienced teams of
investment, risk management, trading, operations and technology professionals
managing and supporting our strategies.
Our principal growth equity investment philosophy is based on the principle that
markets tend to misprice stocks of companies following positive growth
inflections
and these inefficiencies tend to follow predictable and investable
patterns. The investment objective of our equity growth strategies is to maximize
capital appreciation over a full market cycle (3-5 years).
Our global equity philosophy relies on macroeconomic and secular industry-level
trends to identify attractive investment opportunities. In addition to applying
these macroeconomic views, the team leverages the fundamental research of the
firm’s global investment teams and employs a quantitative screening tool to
identify attractive themes and investments.
Our alternative strategy is event-driven. Our event-driven philosophy is based on
the belief that attractive event-driven investments exist in the global equity and
credit markets because of the complexity of the capital structure, the non-
traditional nature of event-driven investment opportunities, and the
unwillingness of investors to participate in trades with binary outcomes. Our
event-driven strategy seeks superior risk-adjusted returns with lower correlations
to major asset classes and lower volatility than the S&P 500 Index.
Our separate account clients generally follow a model portfolio for each strategy
that invests in the same securities as other investors in the same investment
strategy. However, separate account clients may impose certain investment
restrictions, such as on specific securities or types of securities or limits on their
weightings. As a result of client-imposed restrictions, these client accounts may
not be aligned with a strategy’s model portfolio and performance differences can
occur between the client’s account and the model portfolio for a strategy. In
addition, we manage custom strategies for certain clients at their request that we
do not actively market.