Overview
The Adviser is an investment adviser with its principal place of business in Guilford, CT. The Adviser
commenced operations as an investment adviser in March, 1997 and has been registered with the SEC
since July, 2005. John D. Gillespie and Kevin R. O’Brien are the principal owners of the Adviser.
The Adviser provides discretionary investment management services to various institutional clients,
including, but not limited to, private investment funds, a registered investment company, insurance
companies, and other corporate or institutional entities. In this regard, the Adviser acts as the investment
manager to the following private investment funds (collectively, the "Investment Funds"): Prospector
Partners Fund, L.P. ("Partners Fund"); Prospector Partners Small Cap Fund, L.P. ("Small Cap Fund");
Prospector Turtle Fund, L.P. ("Turtle Fund"); and Prospector Summit Fund, L.P. (“Summit
Fund”). An
affiliate of the Adviser serves as the general partner of Partners Fund, Small Cap Fund, Turtle Fund and
Summit Fund.
The Adviser provides advice to client accounts based on specific investment objectives and strategies as
outlined in an investment management agreement or confidential offering memorandum in the case of the
Investment Funds. Separate account clients may impose restrictions on investing in certain securities or
certain types of securities. These restrictions are specified in the investment management agreement
with the client.
The Adviser has an affiliated adviser, Prospector Partners Asset Management, LLC (“PPAM”). PPAM
serves as investment adviser to a registered investment company, Prospector Funds, Inc.
As of December 31, 2023 the Adviser had $579,209,675 client assets under management, all of which
was managed on a discretionary basis.