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Adviser Profile

As of Date 04/29/2024
Adviser Type - Large advisory firm
Number of Employees 5
of those in investment advisory functions 3 -25.00%
Registration SEC, Approved, 3/14/2012
AUM* 352,788,349 -2.19%
of that, discretionary 92,710,359 12.70%
Private Fund GAV* 220,169,313 -7.01%
Avg Account Size 88,197,087 -2.19%
SMA’s No
Private Funds 4
Contact Info 248 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
458M 393M 327M 262M 196M 131M 65M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count4 GAV$220,169,313

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Brochure Summary

Overview

Beringea, LLC (“Beringea”, “we”, “us” or “our”) is a Michigan-based firm that provides investment advisory services to private investment funds (referred to herein as “Clients”, “Partnerships” or “Funds”) that invest primarily in privately traded equity and other securities, including interests in various entities. Beringea currently provides investment advice to five private equity funds: Michigan Growth Capital Partners, LP, Michigan Growth Capital Partners II, LP, Michigan Growth Capital Partners III, LP, Michigan Growth Capital Partners IV, LP and serves as a sub-advisor to Michigan Growth Capital Partners SBIC, LP. The management and control of each Partnership is vested in its general partner or similar managing entity (each a “General Partner”). Each General Partner is affiliated with Beringea. The investors in the Partnerships (“Limited Partners”) take no part in the management or control of the Partnerships and have no authority or right to act on behalf of the Partnerships in connection with any matter. The General Partner of each Partnership has delegated certain of its rights, power, authority, duties and responsibilities to Beringea pursuant either to (i) a Partnership’s organizational documents (a “Partnership Agreement”) or (ii) an investment management agreement (an “Investment Management Agreement”). Beringea has the authority and right to act on behalf of the Partnership to the extent (but only to the extent) such authority or right is provided for in the relevant Partnership Agreement, or Investment Management
Agreement. Each Client is furnished with a copy of the relevant Partnership Agreement and/or Investment Management Agreement as in effect from time to time upon request. Beringea is not obligated to structure any investment in order to address or give effect to the individual objectives or considerations of any investor or group of investors. Beringea’s advisory services consist of identifying investment opportunities and making investments, as well as managing and disposing of investments in adherence with the specific goals, strategies and objectives of each Fund. Michigan Growth Capital Partners, LP, Michigan Growth Capital Partners II, LP, and Michigan Growth Capital Partners III, LP are co-managed by Beringea and the GCM Customized Fund Investment Group LP. Michigan Growth Capital Partners IV, LP is managed by Beringea. Beringea is a sub-advisor to GCM Customized Fund Investment Group LP for Michigan Growth Capital Partners SBIC, LP. Michigan Growth Capital Partners SBIC is licensed as a Small Business Investment Company by the Small Business Administration. Beringea, through General Partner entities, currently manages approximately $361 million of assets on a non-discretionary basis, identified as the “Beringea Series” on the December 31, 2021 SEC Form ADV and $49 million of assets on a discretionary basis Beringea was founded by Charles Rothstein in 1988. In 2001, Beringea purchased Proven Holdings Limited, a London-based UK Firm (Beringea LLP). Beringea is currently owned by Charles Rothstein and Malcolm Moss.