Angeleno Group, LLC (“Angeleno” or the “Firm”), is a registered investment adviser with the U.S.
Securities and Exchange Commission (“SEC”) pursuant to the Investment Advisers Act of 1940 (the
“Adviser Act”). It was founded in 2001 with its headquarters located in Los Angeles, California.
Angeleno serves as an investment adviser to pooled investment vehicles (each, a “Fund” or a “Client”
and collectively the “Funds” or “Clients”), and an affiliate of Angeleno serves as the general partner
(or similar managing body) of each Fund.
Angeleno is owned by Yaniv Tepper and Daniel Weiss.
Angeleno provides discretionary investment advisory services to or on behalf of each Fund. Angeleno’s
investment management and/or investment supervisory 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 primary focus of each Fund is on (i) private venture related investments (the "Venture
Fund(s)") or (ii) equity related investments in public securities (the "Public Fund"). Investments are
generally made in clean energy and climate solutions businesses.
Angeleno is affiliated with entities that serve as the general partners to each of the Funds (each, a
“General Partner” and, collectively, the “General Partners”, and together with Angeleno, the “Firm”),
and each Fund is controlled by its respective General Partner. The following is a list of each of the
General Partners, each of which is an affiliated investment adviser of Angeleno:
General Partners:
Angeleno Group Management II, LLC
Angeleno Group Management III, LLC
Angeleno Group Management IV, LLC
Angeleno Equities Management I, LLC
Angeleno Investors New Forests Co-Invest
Management LLC
Angeleno provides investment advisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of such Fund and/or contractual side
letters with such Fund's investors (collectively, the "Governing Documents"). Angeleno does not tailor
its advisory services to the individual needs of investors, and investors may not directly impose
restrictions on investing in certain securities or types of investments. Investment restrictions for each
Fund, if any, are generally established in the Governing Documents of the applicable Fund.
In addition, Angeleno has entered into side letters which grant rights that are more favorable or may
otherwise differ from the rights attributable to other investors in terms of, among other things, incentive
allocation, management fee, withdrawal rights (including different withdrawal dates and notice
periods), minimum and additional subscription amounts, information rights, most favored nation rights
and other rights. The terms and the scope of the offering of such rights (including an offering limited
to strategic or other specific categories of investors) will be determined by Angeleno in its sole
discretion. In addition to the foregoing, Angeleno may also enter into side letters to address legal,
regulatory, tax or policy issues impacting particular investors and their investment activities. Angeleno
has granted one or more of the rights referenced above (whether through side letters, a separate class
of shares or otherwise) to a limited number of investors in the Funds and may do so in the future without
disclosure to or receiving consent from existing investors.
The Firm does not participate in wrap fee programs.
As of December 31, 2022, Angeleno manages approximately $541,089,976 in Client assets on a
discretionary basis.