PASSPORT CAPITAL, LLC

other names
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Adviser Profile
As of Date 06/28/2024
Adviser Type - Large advisory firm
Number of Employees 12 -14.29%
of those in investment advisory functions 5 25.00%
Registration California, Terminated, 2/17/2006
Other registrations (1)
AUM* 276,532,055 -7.50%
of that, discretionary 276,532,055 -7.50%
Private Fund GAV* 276,532,055 -7.50%
Avg Account Size 30,725,784 -7.50%
SMA’s No
Private Funds 7
Contact Info 415 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
7B 6B 5B 4B 3B 2B 1B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count7 GAV$276,532,055

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Brochure Summary

Overview

Passport Capital, LLC (“Passport”) is a global investment firm founded by John H. Burbank, III that has managed client assets since 2000. In 2020, Mr. Burbank partnered with Ken Wallace to launch Nimble Partners, LLC (“Nimble”). Mr. Burbank and Mr. Wallace are the principal officers of Nimble. Nimble facilitates direct investments in certain operating companies with technology-enabled business models (“Portfolio Companies”), which comprise the majority of its portfolios. Nimble also facilitates investments in venture capital funds and similar pooled investment vehicles (“Underlying Funds”), which in turn invest in Portfolio Companies. The Underlying Funds are generally advised by third-party investment managers (“Portfolio Managers”). Passport and Nimble share office space, and the Adviser employs 12 full-time employees. The Adviser’s business consists of serving as the investment manager of privately offered pooled investment vehicles (each individually, a “Fund” or “Client” and collectively, the “Funds” or “Clients”). Investment in the Funds is reserved for sophisticated investors
meeting certain eligibility requirements. Each Fund is generally governed by an operating agreement (each, an “Operating Agreement”) and an investment management agreement (each, an “IMA”) with terms of investment described in a private placement memorandum (each, a “PPM,” and collectively with the corresponding Operating Agreement, IMA and the Fund’s applicable form of subscription agreement, the “Fund Documents”). Acting in its capacity as investment manager of the Funds, the Adviser evaluates, facilitates and disposes of investments on their behalf. The Adviser tailors its services to each Fund in accordance with the Fund’s mandate, investment objectives and investment strategies, as set forth in the relevant Fund Documents. Subject to the relevant Fund Documents, there are no material restrictions on the types of investments or strategies that the Adviser may employ for a particular Fund. The Adviser does not participate in any wrap fee programs. As of December 31, 2023, the Adviser managed approximately $276,500,000 for the Funds, all of which is managed on a discretionary basis.