Firm Description
Crown Management Advisors, LLC (“CMA”, “the Firm”, or “Fund Manager”) is a limited
liability company incorporated under the laws of Florida. The sole owner of CMA is
Christopher Graham, who serves as both the Firm’s Chief Executive Officer (“CEO”) and
Chief Investment Officer (“CIO”).
CMA was founded as an issuer, sponsor and asset manager to pooled investment vehicles
that are exempt from registration under section 3(c)(1) of the Investment Company Act of
1940 (“Company Act”) and which are classified by the SEC as private funds (or hereafter
“Fund” or “Company”).
As of December 2023, CMA has regulatory assets under management of $174,761,542
(USD). CMA manages all assets on a discretionary basis.
Types of Advisory Services
CMA, in its capacity as a Fund Manager, currently furnishes investment management services
to The Crown Capital Fund, LLC (hereafter the “Fund” or the “Company”). The Company was
organized under the laws of Florida on November 1, 2021, and is structured as a 3(c)(1)
hedge fund.
While not currently anticipated, CMA may serve as investment manager to a master fund, or
collective pool of assets used in a master-feeder investment structure (hereafter “Master
Fund”). The Master Fund structure offers the benefit of reduced operating costs and trading
expenses to one or more feeder funds advised by CMA or an affiliate thereof (each a “Feeder
Fund” or together “Feeder Funds”). Under these circumstances, the Company would invest
all or substantially all of its assets in such Master Fund and all trading would be conducted
at the master fund level utilizing the investment strategy set forth in the applicable private
placement memorandum (“PPM”), LLC Agreement, and/or Subscription Agreement
(together, “Governance Documents”).
Investors in the Feeder Fund(s), too, must meet the eligibility requirements set forth in the
Governance Documents for the Master Fund. CMA, in its capacity as Fund Manager to the
Company, is obligated to manage the Funds in accordance with the guidelines, limitations,
and restrictions established under the applicable Governance Documents. These Governance
Documents provide more detailed information about the Fund, the advisor, and other
pertinent information for prospective investors.
The Fund(s) themselves are clients of CMA and not the underlying investors in the Fund (or
Members”). Members must meet eligibility criteria as “Qualified Clients” or “Qualified
Purchasers” under the Company Act or substantially similar requirements promulgated by
regulatory bodies domiciled in non-US jurisdictions. As the advisory services provided by
CMA are not tailored to the individual Members in the Funds nor are they permitted to
impose restrictions on Fund(s) investments in certain securities or types of securities.
Fund(s) advised
by CMA may offer separate shares with the same or varying subscription
amounts. Accordingly, prospective investors should carefully consider the investment
objectives, risk tolerance and liquidity of any Fund prior to investing.
CMA offers Fund(s) interests (or “Interests”) to Members through a subscription agreement
in which the Members are required to, among other things, select the share class of the
Company as established in the PPM. The offerings of the Interests include: (i) Class B
Interests through private placement to eligible investors; (ii) Class C Interests to certain
employees of the Fund Manager or its affiliates, and such other persons designated by the
Fund Manager; and (iii) Class D Interests to certain affiliates and related parties of the Fund
Manager, as well as third parties as designated by the Fund Manager from time to time.
In connection to the Company, Class B Interests, Class C Interests and Class D Interests
(together “Classes”), all Classes are identical in all respects and maintain the same terms
except with regard to withdrawal rights, Management Fee, and Transaction Services Fee
(which are further described in Item 5 of this Brochure). The Company is authorized to issue
additional classes of Interests from time to time pursuant to the applicable Governance
Documents and without the consent of the Members. Such additional classes of Interests may
have terms that differ from, and may be more favorable than, those terms attributable to
existing Classes being offered presently, including, without limitation, with respect to
Management Fees, Transaction Services Fees, Incentive Allocations, liquidity terms, and
investment programs and investment portfolios and distribution terms, at the sole
discretion of the Fund Manager.
CMA has entered into a contract with Lincoln Circle Group, LP (“Lincoln Circle Group”), a
Florida limited partnership, to serve as the authorized representative of the Class B Members
(the “Class B Authorized Representative”). In this capacity, Lincoln Circle Group is
authorized to act on behalf of the Class B Members in all matters that require their consent
or approval as provided in the LLC Agreement. The Fund Manager has appointed the Class B
Authorized Representative as the “Partnership Representative” for Internal Revenue Service
(“IRS”) purposes.
As the advisory services provided by CMA are not tailored to the individual Members in the
Funds nor are they permitted to impose restrictions on Fund(s) investments in certain
securities or types of securities. Fund(s) advised by CMA may offer separate shares with the
same or varying subscription amounts. Accordingly, prospective investors should carefully
consider the investment objectives, risk tolerance and liquidity of any Fund prior to
investing.