Overview
The Adviser is a Delaware corporation co-founded by Tom Caldwell and Chris Crosby in 2014.
Adviser is wholly-owned by Mr. Caldwell, Mr. Crosby, Ms. Kaitlin Briscoe, and Mr.Brodsky.
The Adviser serves as manager and provides investment advisory services to pooled investment
vehicles called Spring Lake Unconstrained Municipal Opportunities Fund, LLC, a Delaware limited
liability company, and investment vehicle called Spring Lake Unconstrained Municipal
Opportunities Fund II, LLC, a Delaware limited liability company, and sponsors a feeder fund,
SLAM Investments, a company incorporated in the Cayman Islands with limited liability, which
invests substantially all of its assets in Spring Lake Unconstrained Municipal Opportunities Fund,
LLC and Spring Lake Unconstrained Municipal Opportunities Fund II, LLC (each individually a
“Fund”, and collectively, the “Funds”). The Funds are exempt from registration under the Investment
Company Act of 1940, as amended, and their securities are not registered
under the Securities Act
of 1933, as amended (the “1933 Act”). The Funds seek to maximize total return by actively pursuing
relative value opportunities in the taxable and tax-exempt municipal bond markets. Adviser’s
services are provided to the Funds pursuant to the terms of the Funds’ respective offering documents
and operating agreements (collectively, “Governing Documents”).
The Adviser provides investment advisory services to the Funds in accordance with their Governing
Documents. Investment advice is provided directly to the Funds and not individually to the investors
in the Funds. Any restrictions on investments in certain types of securities are set forth in the Funds’
offering documents received by each Fund investor prior to investment. Once invested in the Funds,
investors cannot impose restrictions on the types of securities in which the Funds may invest.
As of December 31, 2023, the Adviser managed approximately $1,085,978,179 in assets, all on a
discretionary basis.