Impresa Management, a Delaware limited liability company with its principal office located in Boston,
MA, was formed in 2012 and commenced business on March 1, 2014, the date its registration as an
investment adviser with the SEC became effective. Impresa Management advises Funds (as defined
below) that were established, among other purposes, to benefit certain employees, officers, and directors
of FMR LLC and its affiliates, and to enable such personnel to participate in a wide variety of
investment opportunities. Abigail P. Johnson and Edward C. Johnson IV, as trustees of various trusts
for the benefit of members of the Johnson family, are principal owners of Impresa Management.
Impresa Management is (i) general partner or manager for certain limited partnerships and limited
liability companies (“Investor Entities”); and (ii) general partner or manager (either directly or indirectly
through subsidiary entities) and/or investment adviser to certain collective investment entities in which
the Investor Entities invest and to funds or other special purpose vehicles that co-invest or hold
investments alongside such collective investment vehicles (“Private Funds” and together with the
“Investor Entities” will be referred to herein as either the “Funds” or “Clients”). All Funds are exempt
from registration under the Investment Company Act of 1940, as amended and their securities are not
registered under the Securities Act of 1933, as amended.
The Investor Entities, either directly or through one or more Private Funds or third party funds, seek to
invest in equity or debt securities across multiple industries and asset classes, including, among others:
biotechnology, technology, telecommunications, therapeutics, energy and natural resources (including
oil, gas and timber), renewable energy, carbon sequestration, agriculture, real estate, blockchain or other
crypto related businesses, consumer products, disruptive science (including aerospace, biology, climate
tech, next-gen computing, and manufacturing and materials), and alternative investments, including
collateralized loan obligations (“CLOs”). Impresa Management determines, in its sole discretion,
subject to restrictions set forth in the organizational documents and/or investment management
agreement
of each Fund, the investments or capital commitments made by the Investor Entities
(including commitments to certain of the Private Funds or third-party funds), and the investments or
capital commitments made by each of the Private Funds. The Investor Entities may invest a significant
portion of their assets in one or more of the aforementioned asset classes. Impresa Management has in
the past delegated investment discretion to one sub-adviser for the management of certain portfolios for
the Funds. However, this relationship is winding down and Impresa Management does not anticipate
entering into sub-advisory arrangements in the future. Impresa Management’s advisory services consist
of investigating, identifying and evaluating investment opportunities, structuring, negotiating and
making investments on behalf of the Funds, managing and monitoring the performance of such
investments and disposing of such investments.
The Funds generally make investments in private companies, purchased and sold in privately negotiated
transactions, and generally do not purchase publicly traded securities. From time to time, one or more
Funds also invest in or hold publicly traded securities, which are typically acquired as the result of a
private company’s initial public offering, through its acquisition by a public company, or distribution by
other Funds. Furthermore, certain Funds invest a significant portion of their assets in money-market
instruments, money-market mutual funds, and/or hold cash or cash equivalents in such amounts as
Impresa Management deems appropriate.
Impresa Management provides discretionary advisory services, including cash management, to certain
affiliated entities.
Impresa Management uses the name F-Prime Inc. (DBA F-Prime Capital Partners) as an additional name
under which it conducts its investment advisory activities. Certain personnel of FMR LLC-affiliated
entities who use the name F-Prime Inc. (DBA F-Prime Capital Partners) engage in investment advisory
activities conducted on behalf of, and through, Impresa Management.
As of December 31, 2023, Impresa Management managed $11,771,000,000 of client assets on a
discretionary basis. As of December 31, 2023, Impresa Management did not manage any non-
discretionary client assets.