BCM provides advisory services to high-net-worth individuals, pension and profit-sharing plans,
charitable organizations, corporations, wrap fee programs, and other entities. It also offers several co-
mingled strategies. These include Baron USA Partners Fund, Ltd. (“Baron USA”), an offshore fund
designed for non-U.S. investors and U.S. tax-exempt entities; Castle Advisers, LP (“Castle”), BaronX,
L.P. (BaronX) and BaronX Cayman, L.P., private limited partnerships; and Baron Emerging Markets
Fund, Ltd., another offshore fund. All such advisory accounts are managed for capital appreciation with
income incidental to that objective. BCM manages principally long-only investment portfolios.
BCM is a New York corporation and wholly owned subsidiary of Baron Capital Group, Inc. (“BCG”).
BCM has five affiliates, BAMCO, Inc. (“BAMCO”) and Baron Capital, Inc. (“BCI”)., Baron Capital
Management GP, LLC (“BCM GP LLC”) and Baron Capital Management UK Limited (“BCM UK
Limited”). BCM and BAMCO are investment advisers registered with the SEC. BCI is a broker-dealer
that distributes Baron Funds®, registered with the SEC and a member
of the Financial Industry
Regulatory Authority (“FINRA”). BCM GP, LLC, a subsidiary of BCM, is the General Partner of
Castle Advisers, L.P., BaronX, L.P., a Delaware limited partnership and BaronX Cayman, L.P., a
Cayman Islands exempted limited partnership. BCM UK Limited is a private limited company
incorporated in England and Wales. None of the entities mentioned above is publicly traded. Clifford
Greenberg and Andrew Peck are Co-CIO’s of BCM. Ronald Baron, Chairman and CEO of BCM, along
with his family, are the principal owners of BCG.
BCM’s services are tailored to the investment objectives of the particular Client. Prospective Clients
indicate their investment objective during the request for proposal process or while negotiating an
investment advisory agreement. Clients may impose certain restrictions on investing in certain
securities or types of securities. BCM regularly communicates with its Clients to understand their
objectives.
BCM has been providing investment advisory services since 1982. As of February 29, 2024, BCM
managed 126 accounts, all on a discretionary basis, totaling $4,083,030,071.