Distributed Global Manager LP (“DG Manager”), a Delaware limited partnership, and Distributed
Global Ventures Manager LLC (“DG Ventures Manager”), Distributed Global Ventures II
Manager LLC (“DG Ventures II Manager”), Distributed Global Ventures III Manager LLC
(“DG Ventures III Manager”), Distributed Global BH Manager, LLC (“DG BH Manager”),
and DG SPV GP LLC (“DG SPV GP”), each a Delaware limited liability company, were formed
in March 2018, December 2019, May 2021, January 2022, March 2021 and January 2021
respectively. DG Manager, DG Ventures Manager, DG Ventures II Manager, DG Ventures III
Manager, DG BH Manager, and DG SPV GP are collectively referred to herein as “Distributed
Global” or the “Firm.” The principal beneficial owners of Distributed Global are Tucker
Waterman and Jonathan Steindorff.
Distributed Global is an investment management firm that typically focuses its investments in
Digital Assets (as defined below) and provides advisory services on a discretionary basis to several
privately-offered pooled investment vehicles (each, a “Fund” and collectively, the “Funds”),
including on a sub-advisory basis for one Fund. Distributed Global also manages several special
purpose vehicles (each, an “SPV” and collectively, the “SPVs”). The Funds and the SPVs are
collectively referred to herein as each, a “Client” and collectively, the “Clients.” Investments in
the Clients are generally offered only to high net worth individuals, institutional investors, and
other investors, that meet the applicable investor suitability requirements (each, an “Investor” and
collectively, the “Investors”).
Distributed Global GP LLC, Distributed Global Ventures GP LLC, Distributed Global Ventures
II GP LLC, Distributed Global Ventures III GP LLC each serve as general partners (each,
a
“General Partner” and collectively, the “General Partners”) to certain Clients. DG SPV GP
serves as the managing member (“Managing Member”) of the SPVs. The General Partners and
the Managing Member are related persons of and under common control with Distributed Global.
While the General Partners and Managing Member retain management authority over each
Client’s business and affairs, Distributed Global has been delegated the role of investment adviser.
Distributed Global’s investment management and advisory services to the Clients are provided
pursuant to the terms of each Client’s private placement memorandum and/or other offering
documents, investment advisory agreement, limited partnership agreement or other governing
documents (collectively, the “Governing Documents”). Distributed Global does not currently
offer services tailored to the individual specific needs of Investors.
Distributed Global has entered into certain side letter arrangements with certain Investors
providing such Investors with different or preferential rights or terms for one or more Clients,
including but not limited to, modified fee and other economic arrangements, rights to opt out of
particular investments, information and reporting rights, transfers to affiliates, withdrawal rights
due to adverse tax or regulatory events, and special consent rights to certain Fund agreement
amendments. Except as otherwise agreed with an Investor, the General Partners are not required
to disclose the terms of side letter arrangements to other Investors.
Distributed Global does not participate in a wrap fee program.
As of December 31, 2022, Distributed Global managed approximately $769,202,777 in regulatory
assets under management. Distributed Global manages its assets solely on a discretionary basis.