Overview
Philosophy Capital Management LLC (“Philosophy” or the “Firm”) is a Delaware limited
liability company that has been in business since April 2020. Philosophy’s manager, controlling
owner and portfolio manager is Jacob Rubin (the “Principal”). Philosophy provides
discretionary investment advice to Philosophy Capital Partners LP (the “Philosophy Fund”),
private funds sponsored by unaffiliated entities (the “Private Funds”), and one or more
separately managed accounts (each, an “SMA”). References throughout this document to
“Client Accounts” refer to the Philosophy Fund, the Private Funds, the SMA, and any other
fund or account that may be advised by the Firm in the future.
Philosophy Capital Management LLC serves as the general partner (the “General Partner”) of
Philosophy Capital Partners, LP.
Client Accounts are managed in accordance with their own investment and trading objectives,
as described in their respective offering documents, governing agreements or advisory
agreements (collectively, the “Governing Documents”), as applicable. The investors
in the
Client Accounts that Philosophy manages have no opportunity to select or evaluate any Fund
investments or strategies. Philosophy selects all Client Account investments and strategies.
Philosophy typically does not tailor its services to the individual needs of individually managed
accounts, but manages each such account according to the strategy selected by the client, subject
to any investment restrictions imposed by the client. Philosophy’s discretionary authority is
limited, however, as described in Item 16.
Philosophy does not participate in wrap fee programs.
As of December 31, 2023, Philosophy had regulatory assets under management of
approximately $1,183,313,132, which it manages on a discretionary basis. Philosophy does not
manage any assets on a non-discretionary basis. Note that Philosophy began managing an
additional private fund, Philosophy Distressed and Special Situations Fund, LP, in January
2024. The assets of such vehicle are not reflected in this Brochure since this document primarily
presents information as of December 31, 2023.