Tiptree Advisors’ Business
Tiptree Advisors provides discretionary portfolio management and advisory services to privately-
offered pooled investment vehicles, including the Coherence Long/Short Credit Fund, L.P.,
Coherence Long/Short Credit Fund, Ltd., Coherence Long/Short Credit Master Fund, Ltd., Corvid
Peak Restructuring Partners Onshore Fund LLC, the Corvid Peak Restructuring Partners Master
Fund LP, Albatross CP LLC, as well as separately managed accounts.
Tiptree Advisors has been in business since 2005. Effective March 31, 2024, Tiptree Advisors
voluntarily amended its name from “Corvid Peak Capital Management, LLC” to “Tiptree Advisors,
LLC”.
Tiptree Advisors Holdings, L.P. (f/k/a Corvid Peak Holdings, L.P.) owns 100% of Tiptree Advisors.
Tiptree Asset Management Company, LLC (“TAMCO”), a subsidiary of Tiptree Inc. (Nasdaq: TIPT),
Michael Barnes and Mark Black control Tiptree Advisors Holdings, L.P.
Advisory Services
Tiptree Advisors serves as investment adviser of several master-feeder fund structures and pooled
investment vehicles (the “Tiptree Advisors Funds”) as well as investment adviser to separately
managed accounts (together with the Tiptree Advisors Funds, collectively referred to herein as, the
“Advisory Accounts”).
Each of the Tiptree Advisors Funds relies upon the exemption
from the definition of an “investment
company” provided by Section 3(c)(7) of the U.S. Investment Company Act of 1940, as amended.
Tiptree Advisors generally manages the Tiptree Advisors Funds in accordance with the investment
strategy of the relevant fund and not based upon the individual needs of the investors in the Tiptree
Advisors Fund.
Please see Item 8 for information about the Tiptree Advisors Funds’ investment strategies,
investments in which those Funds invest, and risk factors associated with those strategies and
investments.
Client Restrictions
Tiptree Advisors generally permits its clients, including the Tiptree Advisors Funds, to impose
restrictions on their Advisory Accounts with respect to: (i) the specific types of investments or asset
classes that Tiptree Advisors will or will not purchase for their Advisory Accounts; (ii) the nature of
the issuers of investments that Tiptree Advisors will or will not purchase for their Advisory
Accounts; and/or (iii) the risk profile of instruments Tiptree Advisors will or will not purchase for
their Advisory Accounts, or the risk profile of the Advisory Account as a whole.
Client Assets
As of December 31, 2023, Tiptree Advisors managed on a discretionary basis approximately $1.6
billion in client assets calculated on a gross asset value basis.