Overview
Paradice Investment Management LLC (“Paradice” or “Adviser”) is an investment management firm organized
as a limited liability company under the laws of the State of Delaware. Paradice was founded in July 2012 and
is wholly owned by PIM US PTY as trustee of PIM US Unit Trust, a trust organized under the laws of Australia.
PIM US PTY as trustee of PIM US Unit Trust is controlled by Paradice Investment Management Pty Ltd (“PIM
Pty”), an investment advisory firm located in Australia. PIM Pty is 50% owned by Charter Hall Group, an
Australian publicly listed property funds management business, with the remaining 50% owned by employees.
Charter Hall Limited ACN 113 531 50 forms part of the Charter Hall Group.
The Adviser provides investment management services, directly or through its affiliates to separately managed
accounts (“SMAs”) and privately offered pooled investment vehicles (the “Funds” and collectively with the SMAs,
the “Clients”). Certain Clients have entered into advisory agreements directly with Paradice (“Direct Clients”).
Paradice also sub-advises Clients who have retained PIM Pty as the primary investment manager (“Sub-
Advised Clients”). The management of the Sub-Advised Clients is governed by the terms of a sub-advisory
agreement with PIM Pty (“PIM Sub-Advisory Agreement”).
Paradice’s advisory services are primarily offered through strategies, including Global Small Mid Cap Equity,
International Small Cap Equity, Emerging Markets Equity, and China Focus Equity (“the Strategies”) managed
by Paradice’s investment teams. Paradice additionally serves as the investment manager to privately offered
pooled investment vehicles organized as Delaware limited partnerships. Paradice affiliates typically serve as the
general partner of Paradice’s Fund Clients. Fund Clients are neither registered under the Securities Act of 1933,
as amended, nor registered under the Investment Company Act of 1940, as amended. Accordingly, interests in
Fund Clients are offered exclusively to investors satisfying the applicable eligibility and suitability requirements
either in private placement transactions within the United States
or in offshore transactions. No offer to sell
interests in these Fund Clients (or a solicitation of an offer to purchase interests) is made by the descriptions in
this Brochure, nor is this Brochure an offer or agreement to provide advisory services to any person.
Paradice Fund’s generally are included within the Strategies and managed accordingly. Additional Funds will
typically pursue single or limited investments in companies the teams have identified through the Strategy
research processes.
Tailored Investment Advice
Paradice does not provide individualized advisory services to Clients and generally limits its investment advice
to the Strategies described above. Divergence between accounts within the Strategies can occur as a result of
specific investment restrictions imposed by the Client as agreed upon mutually within each Client’s investment
management agreement. These restrictions and individual Client cashflows can result in performance returns
that diverge from the applicable Strategy’s composite.
The Fund Clients or their general partners may enter into agreements (“Side Letters”) with one or more investors
whereby in consideration for agreeing to invest certain amounts and/or other consideration deemed material,
such investors are granted favorable rights not afforded other investors in such Fund Clients. Such rights can
include, but are not limited to, special rights or terms necessary in light of an investor’s specific legal, regulatory,
or public policy characteristics; special reporting or notice obligations; consideration of bans on investments in
certain countries; reduced performance fees and management fees; waiver of certain confidentiality obligations;
and consent to certain transfers by an investor. Such Side Letters are entered into by Fund Clients or their
general partners without the consent of or notice to the other investors in such Fund Clients unless otherwise
required by such an agreement.
Assets Under Management
As of June 30, 2023, Paradice manages $2,857,000,000 in assets, all on a discretionary basis.
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