Orchard is a limited liability partnership incorporated under the laws of England and Wales on
October 20, 2008. Orchard is an investment advisory services firm which specializes in investment
management for clients that are commingled private investment funds and separately managed
accounts. As of December 31, 2022, our regulatory assets under management were $9,379,968,238,
with $8,975,265,861 managed on a discretionary basis and $404,702,377 managed on a non-
discretionary basis. These non-discretionary figures include intra-group sub-advisory and similar
support activities performed for clients of our affiliated entities.
The corporate member of Orchard is Orchard Global Services Limited, which is a wholly-owned
subsidiary of Orchard Global Capital Group (S) Pte Ltd.
Orchard provides investment advisory services to institutional investors and other sophisticated
investors through commingled private investment funds and separately managed accounts (each, a
“client” and, collectively, the “clients”). We manage assets on a discretionary basis. The funds
primarily invest and trade in credit strategies, including financial institution-related special
situations opportunities.
We tailor our advisory services to the individual needs and specified investment mandate of our
advisory clients. Dependent on client objectives, we may seek various investment strategies in the
private and public credit spaces, such as bank capital solutions, specialty lending, leveraged
loans/CLOs, litigation finance or structured credit opportunities. The investment management and
sub-advisory agreements do not require
us to tailor our services to the needs of specific underlying
investors in commingled funds. For such funds, we will adhere to the investment strategy set forth
in each offering memorandum and the operating documents of the relevant client, including any
relevant investment guidelines or restrictions set forth therein. In the case of separately managed
accounts, including “fund-of-one” structures, Orchard may tailor its services to the individual needs
of the underlying investors as determined with such investors on a case-by-case basis.
From time to time, Orchard offers co-investment opportunities and/or manages co-investment
vehicles that participate in investment opportunities in which the clients invest.
We do not participate in wrap fee programs, and our clients do not currently make any
cryptocurrency related investments. Additionally, while Orchard integrates financially material
sustainability factors into its investment decision making process when relevant to a client’s
particular strategy, Orchard does not currently pursue any investment strategies with
environmental, social or governance related objectives.
Orchard is affiliated and under common control with OGAM, LP, a separately registered
investment adviser. Orchard has hired OGAM, LP, in a sub-advisory capacity, to provide
investment advisory and other support services to Orchard and the clients. There are also
arrangements where OGAM, LP and Orchard’s affiliate Orchard Global Asset Management (S)
Pte. Ltd. have hired Orchard as sub-advisor providing similar services.