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Adviser Profile

As of Date 11/20/2024
Adviser Type - Large advisory firm
Number of Employees 9 -10.00%
of those in investment advisory functions 4
Registration SEC, Approved, 08/11/2017
Other registrations (1)
AUM* 184,398,852 -17.37%
of that, discretionary 184,398,852 -17.37%
Private Fund GAV* 113,499,567 -54.39%
Avg Account Size 30,733,142 -17.37%
SMA’s No
Private Funds 3 3
Contact Info 925 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
640M 548M 457M 365M 274M 183M 91M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$113,499,567

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Brochure Summary

Overview

Our Firm & Ownership Prime Meridian Capital Management, LLC is a limited liability company organized under the laws of the State of Nevada on March 12, 2012. PMCM is majority owned by Donald D. Davis, Poise Holdings, Inc. and TAM USA, LLC. PMCM has previously relied on the “private fund adviser” exemptions from registration as an investment adviser. We are registered as an investment adviser with the SEC since August 11, 2017 and notice filed with all applicable state jurisdictions. Advisory Services Offered PMCM serves as the investment manager to several investment funds (each referred to herein as a “Fund” and collectively as the “Funds”) and as a sub-adviser to a registered closed-end mutual fund. We have sole authority to invest and reinvest the Funds’ assets, as well as to make all other decisions regarding the Funds’ operations, including distribution policies, valuation of assets, Fund expenses, amounts of indebtedness, admitting limited partners or members, and engaging necessary service providers. Investment Funds We manage, are the General Partner or Manager of, and offer for sale to investors limited partnership or membership interests in the following pooled investment vehicles, each organized as Nevada or Delaware limited partnerships or limited liability companies: (i) Prime Meridian Income Fund, LP ("PMI"); (ii) Prime Meridian Real Estate Lending Fund, LP (“REL”); (iii) Prime Meridian Small Business Lending Fund, LP (“SBL”); (iv) Prime Meridian Special Opportunities Fund, LP (“SOF”); (v) Prime Meridian NPL, LLC (“NPL”); and (vi) Prime Meridian Moneylion SPV, LLC (“SPV”).1 PMCM provides investment advisory services to pooled investment vehicles (other than Investment companies), and private investment funds that meet the exclusion from the definition of an investment company under Section 3(c)(1), 3(c)(5) or 3(c)(7) of the Investment Company Act of 1940 ("Investment Company Act"). These private investment funds, the Funds, are structured similarly. We are responsible for all management decisions of the Funds. The Funds are offered (“Offering”) only to persons who are “accredited investors” (as that term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended – (“Securities Act”) and, depending on the Fund, who are also "qualified clients" "(as that term is defined in the Rule 205-3 of the Investment Advisers Act of 1940) or "qualified purchasers" (as that term 1 SPV is not open to outside participants and was formed to hold one specific asset for two of our funds. 4 | P a g e is defined in the Section 2(a)(51) of the Investment Company Act). The interests offered will not be registered with the Securities and Exchange Commission under the Securities Act, in reliance on the exemption from registration under Rule 506 of Regulation D promulgated under Section 4(a)(2) of the Securities Act. Except for SOF, the Funds' investment objectives are to seek to maximize the Funds’ returns primarily through investing in loans originated by one or more peer-to-peer/Online Marketplace Lending platforms (collectively, the “Issuer”). The Funds individually invest in consumer, leveraged consumer, small business, and real estate loans originated by these Issuers (e.g., LendingClub Corporation (“LendingClub”) and Prosper Market Place, Inc, (“Prosper”). In this way, we offer a family of Funds, each one focused on a different loan type, and all are dedicated to loans originated by online Marketplace Lending Platforms. The loans purchased by the Funds are secured and unsecured private securities issued by the Issuer (the “Loans”) through “peer-to-peer” (“P2P”) or Marketplace Lending platforms (collectively, the “Platforms”). The leading sponsors of consumer online credit platforms, LendingClub and Prosper, offer their loans pursuant to
registration statements filed with SEC. The Platforms for real estate are platforms such as Patch of Land, Sharestates, and Money360. The Platforms are an online marketplace that allows individual and institutional investors to purchase individual loans that are posted by the Platforms for borrowers they have underwritten. In turn, lender members of the Issuer, such as the Funds, have the opportunity to bid on such loan listings and purchase Loans from the Issuer relating to the borrower loans in the principal amounts of the respective bids. Consumer borrower loans are typically unsecured obligations of individual borrowers with a fixed interest rate set by the Issuer and a loan term currently set at three or five years. However, there are also consumer loans which are partially secured by bank deposits and the term is 1-2 years. The Issuers set the interest rates for borrower loans based on its proprietary credit rating system. The Fund will receive its pro rata portion of principal and interest payments that the Issuer receives on the corresponding borrower loan for a given Loan. The investment objective of SOF is to seek to maximize its returns through investing in the alternative investments selected by PMCM. Such alternative investments may include investments in life settlement contracts. In addition, SOF's assets may be used to finance litigation. Further, SOF's assets may be used to finance credit facilities, including non- prime consumer and automobile credit facilities. The investment objective of NPL is to seek to maximize the Company’s returns through purchasing, at a discount, nonperforming loans (“NPL(s)”). 5 | P a g e The Funds have broad and flexible investment authority. There are no restrictions on the Funds’ allowable investments. The Funds may trade or invest in any other type of investment that is now, or may hereafter be, offered for trading on U.S. or international exchanges or markets (whether regulated, over the counter or private). PMCM may, in its sole discretion, make changes to the contents of the Partnership’s or Membership’s investment portfolio at any time and from time to time, and expressly reserves the right to invest in other investment funds. This Disclosure Brochure provides only broad summaries of the information provided in the offering documents for the Funds. Investors should refer to the relevant Fund Offering Memorandum, Subscription Application and Limited Partnership Agreement or Operating Agreement (the “Offering Documents”) for definitive and more comprehensive information regarding a specific investment concept and the matters described in this Disclosure Brochure. Each Fund’s “Subscription Agreement” will describe the terms and conditions related to the specific purchase and sale of each Investor’s interest in a Fund in addition to disclosures related to the risks of investing in a Fund, among other things. Fund Investor Guidelines and Restrictions PMCM’s advice with respect to the Funds is, and will be, made in accordance with the investment objectives and guidelines as set forth in the respective Fund’s Offering Documents. Fund Investors may not impose restrictions (with the exception of agreements or “side letters” illustrated in the Private Placement Memorandum) on investing in certain securities or certain types of securities. However, PMCM has the right to enter into agreements, such as side letters, with certain underlying investors of the Funds that may, in each case, provide for terms of investment that are more favorable than the terms provided to other underlying investors of the Funds. Wrap Accounts We do not, at this time, participate in wrap fee programs. Assets Under Management As of December 31, 2023, we had total discretionary assets under management of approximately $184,398,852. 6 | P a g e