Overview
A. Advisory Firm and Principal Owner
Chatham Credit Management III, LLC is a Georgia limited liability company.
Chatham Credit Management III, LLC was formed in 2006 and has been in
business since April 2007. The managing member of Chatham Credit
Management III, LLC is Chatham Credit Holdings LLC. The managing member
and sole owner of Chatham Credit Holdings LLC is Brian Reynolds.
Chatham Credit Management III, LLC, Chatham Credit Holdings LLC and Brian
Reynolds have their principal offices in Atlanta, Georgia.
The Funds
Chatham Credit Management III, LLC is the fund manager to the following
private funds:
- Chatham Cascade Fund III LLC; and
- Chatham Cascade Fund QP III LLC.
Chatham Credit Management III, LLC operates these funds as a single source of
financing for investments and causes these funds to participate jointly in all
investments in proportion to each fund’s respective capital commitment.
We refer to these funds as the Funds in this Brochure.
B. Advisory Services. Chatham Credit Management III, LLC manages the business
and affairs of the Funds.
Chatham Credit Management III, LLC provides administrative and investment
management services to the Funds, including:
administration;
location and origination of investments;
evaluation of potential investments;
transaction structuring;
valuation;
negotiation;
documentation;
continuing oversight of portfolio investments; and
the other activities incidental to the operations of the Funds.
C. Advisory services are tailored to the needs of the Funds. The advisory
services offered by Chatham Credit Management III, LLC are tailored to the
needs of the Funds. See Items 8 and 13 of this Brochure for a discussion of these
advisory services. See Item 16 of this Brochure for a discussion of the limits on
the types of securities that Chatham Credit Management III LLC can cause the
Funds to invest in without Board of Advisors approval.
D. No Wrap Fee Programs. Chatham Credit Management III, LLC does not
participate in any wrap fee programs.
E. Assets under Management. Chatham Credit Management III, LLC manages the
assets of the Funds. The regulatory assets under management of the Funds as of
December 31, 2022 and December 31, 2021 were approximately $0.0 million.
Chatham Credit Management III, LLC has discretionary authority over the assets
of the Funds. See Item 16 of this Brochure for a discussion of the limits on the
discretionary authority of Chatham Credit Management III, LLC.