PALM DRIVE CAPITAL LLC

other names
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Adviser Profile
As of Date 02/15/2024
Adviser Type - Large advisory firm
Number of Employees 6 -25.00%
of those in investment advisory functions 6
Registration SEC, Approved, 02/21/2019
AUM* 376,454,067 -10.46%
of that, discretionary 376,454,067 -10.46%
Private Fund GAV* 376,375,768 -10.48%
Avg Account Size 16,367,568 -6.56%
SMA’s No
Private Funds 23 1
Contact Info 347 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
420M 360M 300M 240M 180M 120M 60M
2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeVenture Capital Fund Count23 GAV$376,375,768

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Brochure Summary

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.