Overview
Intermarket Corporation was founded as a New York corporation in 1969 and its principal owners are
David B. Forer and Thomas P. Borger. Intermarket Corporation, together with its affiliates, Intermarket
L.P.1 and Intermarket Management L.P.2 (referred to collectively hereinafter as “Intermarket”), serves as
the investment adviser to private investment funds focused primarily on investing in events related to
corporate restructuring and in securities of distressed companies. Intermarket provides investment
management services to certain pooled investment vehicles (each, a “Fund”) with similar investment
objectives, strategies and policies. Intermarket is controlled by Thomas Borger and David Forer, who are
primarily responsible for the day-to-day management of the Funds.
Intermarket is committed to situational or event-driven
investing and, consistent with this style, it has
maintained a flexibility of emphasis that permits it to take advantage of and profit from opportunities
particular to a specific period.
Investors in the Funds (each, an “Investor”) invest with Intermarket by purchasing interests or shares in a
Fund when the Fund is raising capital. Please refer to Item 8 for a more detailed description of our
investment strategies.
As of December 31, 2023, Intermarket managed approximately $369.7 million in net assets. The amount
disclosed under this item is calculated based on net assets, which differs from our “regulatory assets under
management” disclosed under Part 1A of our Form ADV. All of these assets are managed on a
discretionary basis. Intermarket does not provide non-discretionary investment advisory services.