Overview
Advisory Business
A. PDC was founded as a venture capital firm in 2014 and is principally owned by Seamon Chan and
Hendrick Lee.
B. PDC provides investment management services to private equity oriented pooled investment vehicles,
(each a “Fund” or “Client” and collectively the “Funds” or “Clients”), which are sponsored by affiliates of PDC
that serve as the general partners to the limited partnerships (each, a “General Partner”). The Funds are subject
to the investment objectives, terms and conditions outlined in their respective offering documents, which
include but are not limited to subscription agreements, limited partnership/operating agreements and
investment management agreements. Collectively, the investment advisory agreements and offering documents
are referred to herein as the “Governing Documents.”
While PDC focuses on the strategies discussed
throughout the Brochure, the Firm does not necessarily limit the types of investments on which it advises.
C. To the extent agreed upon in the Governing Documents, PDC tailors its investment advisory services
to be consistent with each Fund’s investment strategy, return profile, concentration limits, time horizon,
liquidity mandates and other related objectives, as defined therein. Underlying investors may not impose
restrictions on investing in certain securities or types of securities.
D. PDC does not participate as a sponsor of or portfolio manager to any wrap fee programs.
E. As of December 31, 2022, the Firm has approximately $420,421,256 in regulatory assets under
management, all of which was managed on a discretionary basis.