Overview
The Adviser is an investment adviser with its principal place of business in New York, New York.
The Adviser commenced operations in February 2011. Mark Lee is the Managing Member and
principal owner of the Adviser.
The Adviser provides discretionary investment advisory services to U.S. and non-U.S. private
investment funds intended for sophisticated investors and institutional investors (collectively,
the “Funds”). The Adviser also provides discretionary investment advisory services as a sub-
adviser to a portion of assets owned by an investment company registered under the
Investment Company Act of 1940, as amended (the "RIC"). In addition, the Adviser provides
discretionary investment advisory services to two separately managed accounts for
institutional investors (the “Managed Accounts”, together with the Funds and the RIC, the
"Clients" and each individually, a “Client”). The Adviser provides advice to its Clients based on
specific investment objectives and strategies contained in the applicable offering memoranda
or investment management agreements; the Adviser does not provide advice to any
underlying investors of the Clients (the "Underlying Investors").
The Funds have entered into, and may in the future enter into additional agreements (“side
letters”) with certain prospective or existing investors whereby such investors
may be subject
to terms and conditions that are more advantageous than those set forth in the applicable
offering memorandum. For example, such terms and conditions may provide for special rights
to make future investments in a Fund, other investment vehicles or managed accounts; special
redemption rights, relating to frequency or notice; a reduction or rebate in fees or redemption
charges to be paid by the investor and/or other terms; rights to receive reports from a Fund
on a more frequent basis or that include information not provided to other investors
(including, without limitation, more detailed information regarding portfolio positions) and
such other rights as may be negotiated by a Fund and such investors. The decision to enter into
a side letter or similar arrangement is solely at the discretion of the relevant Fund and the
Adviser and may, among other things, be based on the size of the investor’s investment in such
Fund or affiliated investment entity, an agreement by an investor to maintain such investment
in such Fund for a significant period of time, or other similar commitment by an investor to
such Fund.
The Adviser does not currently participate in wrap-fee programs.
As of December 31, 2024, the Adviser managed $252,656,089 in regulatory assets under
management, all on a discretionary basis.