Overview
KPC Terrapin Group LLC (“KPC Group” or the “Firm”) is a Delaware limited liability company formed
in September 2016 that is registered as an investment adviser with the Securities and Exchange Commission.
The Firm maintains offices in New York. The Firm is principally owned and managed by Dean M. Rubino,
the Firm’s managing member.
The Firm provides discretionary and non-discretionary services to its clients, which include high net worth
individuals and their affiliated trusts, foundations, endowments and other family entities and institutional
investors.
Non-Discretionary Services
KPC Group provides non-discretionary investment management services to its advisory clients regarding
their investments in private pooled investment vehicles, including hedge fund and private equity funds (the
“Private Funds”) managed by independent portfolio managers (“Investment Managers”). The Firm
provides these services in accordance with the non-discretionary consulting agreements, advisory
agreements and where applicable, the client’s limited partnership agreement (or analogous organization
document) and offering materials (each, an “Advisory Agreement”).
The Firm provides continuous and ongoing management and supervisory services including, but not limited
to, manager sourcing, selection, evaluation, asset allocation and ongoing monitoring of Private Funds to
these portfolios on a non-discretionary
basis, where each client makes the ultimate decision regarding each
investment. The services provided by the Firm include sourcing, vetting, evaluating, selecting and
recommending one or more Private Funds that the Firm reasonably believes would be appropriate
investment vehicles for its client based on the investment objectives and strategies of the client, as well as
confidential information, research and analyses that the Firm compiles about certain Private Funds.
Discretionary Services
KPC Group provides discretionary investment management services to its separate account clients using a
fundamental and technical growth strategy described in the “Method of Analysis and Investment Strategies for
Discretionary Accounts” section hereof. The Firm provides these services in accordance with the clients’
Advisory Agreements.
Restrictions & Limitations on Advisory Services
Clients may impose investment guidelines and/or restrictions in their Advisory Agreement that will be
considered in providing advice to the client.
The Firm currently does not participate in wrap fee programs.
As of December 31, 2023, the Firm had approximately $33,317,000 in assets under management on a non-
discretionary basis and $7,632,000 in assets under management on a discretionary basis.1
1Determined in accordance with the Form ADV Instructions, Amended Form ADV, Part 1A, Schedule D, Item 5.K.(2).