THEOREM

other names
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Adviser Profile
As of Date 10/31/2024
Adviser Type - Large advisory firm
Number of Employees 62 -3.12%
of those in investment advisory functions 29 38.10%
Registration SEC, Approved, 11/4/2016
Other registrations (2)
AUM* 2,019,603,138 -26.61%
of that, discretionary 2,019,603,138 -26.61%
Private Fund GAV* 1,962,115,390 -24.86%
Avg Account Size 201,960,314 -33.95%
SMA’s No
Private Funds 4 2
Contact Info 415 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Charitable organizations

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
3B 2B 2B 2B 1B 786M 393M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$1,939,782,493
Fund TypePrivate Equity Fund Count1 GAV$20,500,000
Fund TypeOther Private Fund Count1 GAV$1,832,897

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Brochure Summary

Overview

Theorem Partners LLC (“Theorem” or the “Firm”) is a Delaware limited liability company that has been in business since October 2013. The Firm serves as the investment adviser and, for certain vehicles, General Partner of investment limited partnerships, manages a single-investor fund and an internal employee investment vehicle, herein all are referred to as the “Funds.” Theorem is wholly owned by Theorem Technology, Inc. (“Theorem Tech”). The only controlling owner with beneficial ownership of 25% or more of Theorem Tech is Hugh Edmundson who serves as the Chairman and Chief Investment Officer of Theorem. As of December 31, 2023, Theorem had total discretionary regulatory assets under management of approximately $2.02 billion. Theorem only manages assets on a discretionary basis.
Theorem invests principally, but not solely, in trust certificates, notes and other instruments that derive their value from loans made to borrowers through online lending platforms. Theorem also invests in notes and equity securities of securitization structures consisting of similar assets.
Theorem is authorized, however, to enter into any type of investment transaction that it deems appropriate under the terms of the client’s partnership or other account agreement.
Investors in the
Funds have no opportunity to select or evaluate any Fund investments or strategies. Theorem selects all Fund investments and strategies.
Theorem does not participate in wrap fee programs.
Other Business In addition to our advisory business, Theorem provides other services to customers or clients.
Theorem integrates with certain platforms through what is referred to as a Custom Loan Integration Partnership (“CLIP”).In a CLIP program, Theorem licenses its underwriting model to the platform and the originator for use in assessing the creditworthiness of the loan and establishing the appropriate interest rate based on the expected risk. The Funds typically purchase loans that conform to the parameters of the CLIP program, but platforms are not required to sell, nor are the Funds required to buy, loans generated through the use of the CLIP model.
Securitization as a Service (“SAS”) is a service offered by Theorem to customers (not advisory clients) where Theorem buys and sells loans with a mark-up to public or private securitization vehicles. Theorem will only buy or sell what is requested by the customer and provides no investment advisory service to SAS customers.
Theorem also assesses and monitors securitizations sponsored by advisory clients.