9AT: MHR FUND MANAGEMENT LLC

other names

MHR FUND MANAGEMENT LLC

Adviser Profile

As of Date	03/28/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	22 -4%
of those in investment advisory functions	13 -7%
Registration	SEC, Approved, 03/30/2012

AUM^*	5,150,446,643 -3%
of that, discretionary	5,150,446,643 -3%
Private Fund GAV^*	5,150,446,643 -4%
Avg Account Size	396,188,203 -3%
SMA’s	No
Private Funds	15 4
Contact Info	212 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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count5	GAV$608,712,320
Fund TypePrivate Equity Fund	Count10	GAV$4,541,734,323

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser HIRTLE, CALLAGHAN & CO., LLC	Hedge Fund67.6m	Liquidity Fund-	Private Equity Fund124.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV191.9m	AUM21.0b	#Funds11
Adviser ALPHA WAVE GLOBAL, LP	Hedge Fund4.3b	Liquidity Fund-	Private Equity Fund14.8b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV19.0b	AUM21.1b	#Funds23
Adviser SOLEUS CAPITAL MANAGEMENT, L.P.	Hedge Fund1.8b	Liquidity Fund-	Private Equity Fund565.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4b	AUM2.3b	#Funds14
Adviser COURAGE CAPITAL MANAGEMENT, LLC	Hedge Fund160.0m	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM1.4b	#Funds11
Adviser B. RILEY CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM200.4m	#Funds-
Adviser GENERATIVE INVESTMENT PARTNERS LP	Hedge Fund46.0m	Liquidity Fund-	Private Equity Fund100.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund18.2m	Total Private Fund GAV164.7m	AUM152.4m	#Funds10
Adviser TYRUS CAPITAL S.A.M.	Hedge Fund462.4m	Liquidity Fund-	Private Equity Fund498.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV961.2m	AUM-	#Funds5
Adviser TYBOURNE CAPITAL MANAGEMENT (HK) LTD	Hedge Fund1.0b	Liquidity Fund-	Private Equity Fund653.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.7b	AUM-	#Funds11
Adviser CLEARWATER MANAGEMENT CO., INC.	Hedge Fund248.8m	Liquidity Fund-	Private Equity Fund538.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV786.9m	AUM4.1b	#Funds12
Adviser ATLAS MERCHANT CAPITAL LLC	Hedge Fund308.9m	Liquidity Fund-	Private Equity Fund2.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6b	AUM1.0b	#Funds17

Brochure Summary

Overview

A. MHR Fund Management LLC (also referred to as “we”, the “Firm” or “MHR”) is a leading New York-based private investment firm, founded in 1996 by Mark H. Rachesky, M.D., that focuses on investing in distressed or undervalued middle- market companies and assets for a variety of private fund clients. Mark H. Rachesky is the Firm’s Chief Investment Officer and indirect principal owner though MHR Holdings LLC. B. MHR specializes in offering investment management services to private investment funds. MHR invests in middle-market companies primarily through distressed debt and bespoke structured financings, and forms specialized platforms to capitalize on mispriced assets in niche industries. MHR’s value-oriented approach focuses on sourcing through our established industry relationships. MHR is a hands-on investor that seeks to leverage its control or significant influence to work collaboratively with its portfolio companies, which we believe is essential to preserving and creating value. MHR also forms partnerships for its funds with specialized management teams to exploit distressed or undervalued opportunities it identifies in certain industries. We employ a rigorous, due diligence-focused investment process with a strong emphasis on downside protection that capitalizes on our deep industry knowledge

and analytical capabilities. MHR may utilize the bankruptcy or restructuring process to improve both the capital structure and the cost structure of portfolio companies. In addition, the Firm may seek to create long- term value beyond the turnaround process by continuing to improve operations, growing companies and effectuating successful exits. MHR believes that its focus on both restructuring and growing companies is differentiated and serves to generate attractive returns for its investors across various investing environments. C. The Firm tailors its advisory services to the individual needs and specified investment mandates of its client funds. We adhere to the investment strategy set forth in our client funds’ private placement memoranda and operating agreements, including concentration limits and other applicable guidelines. These types of terms are all arranged on a case-by-case basis. D. MHR does not participate in wrap fee programs. E. As of December 31, 2023, MHR managed $5,343,310,835, which includes each fund’s gross asset value (including, with respect to the private equity funds, the unfunded capital commitments). As of December 31, 2023, MHR’s private equity funds represent approximately 89.50% of the total assets managed by the Firm. We manage clients’ assets only on a discretionary basis.

MHR FUND MANAGEMENT LLC

Adviser Profile

Details

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview