NORTHRIM ADVISER, LLC

other names
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Adviser Profile
As of Date 03/18/2024
Adviser Type - Large advisory firm
Number of Employees 6 100.00%
of those in investment advisory functions 6 100.00%
Registration SEC, Approved, 04/03/2023
Other registrations (10)
Former registrations

NORTHRIM ADVISER, LLC

AUM* 261,000,000 33.85%
of that, discretionary 261,000,000 33.85%
Private Fund GAV* 261,000,000 41.08%
Avg Account Size 130,500,000 33.85%
SMA’s No
Private Funds 2
Contact Info 480 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
195M 167M 139M 111M 84M 56M 28M
2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count2 GAV$261,000,000

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Brochure Summary

Overview

Northrim is an investment management firm with its principal place of business located in Mesa, Arizona. The Firm is a Delaware limited partnership founded in October 2019. The Firm is directly and/or indirectly majority owned by Bradley Gulbrandsen. For more information about the Adviser and the principal owners of the Firm, please review Schedule A and Schedule B of the Form ADV Part 1A. Northrim serves as an investment manager and provides investment advisory or portfolio management services on a discretionary basis to privately offered pooled investment vehicles (each, a "Fund" or “Partnership” or, collectively, the "Funds" or “Partnerships”). The Funds are exempt from registration as investment companies under the Investment Company Act of 1940, as amended (the “IC Act”), in reliance upon one or more exclusions or exemptions thereunder. The Funds are typically structured as limited partnerships and each has a general partner (or similar persons or entities, each, a “General Partner” or collectively, the "General Partners"). Each General Partner is an affiliate of Northrim. Northrim provides investment advisory services or portfolio management services to the Funds based on the particular investment objectives and strategies described in the relevant Fund’s confidential subscription document (“Subdoc”), limited partnership
agreement (“LPA”) among the relevant General Partner and the relevant Fund’s limited partners (“Limited Partners”) and other governing documents (referred to collectively as “Offering Documents”). The Adviser, through its clients (i.e. Funds), seeks to achieve superior risk adjusted investment returns for investors by capitalizing on uncompetitive opportunities with lower and middle market companies by acquiring, directly or indirectly, holding for investment, converting and distributing or otherwise disposing of Securities. The Partnership will raise funds from investors and use the funds to invest in capital stock of Northrim Horizon Holdings Corp. (the “Holding Company”), a Delaware C corporation. The Holding Company will, in turn, pay fees and expenses as well as make Portfolio Investments and acquire Portfolio Companies directly or through one or more wholly‐owned subsidiaries. Northrim’s investment management and advisory services or portfolio management services to the Funds are provided pursuant to the terms of the Offering Documents and investors in the Funds cannot obtain services tailored to their individual specific needs. Northrim does not participate in a wrap fee program. As of registration, Northrim manages approximately $185,000,000 in client assets on a discretionary basis. Northrim does not manage any client’s assets on a non‐discretionary basis.