Description of Services and Fees Vizcaya Capital, LLC is a registered investment adviser primarily based in Miami, Florida. We are organized as a limited liability company under the laws of the State of Florida. We have been providing investment advisory services since 2014. Gilon Holdings, Inc. and Hemuna Corp. are our principal owners. Andy Gilon owns Gilon Corp. and Nadav Goshen owns Hemuna Corp. Currently, we offer Sub-advisory Services to unaffiliated third party money managers and Portfolio Management to our own clients. The following paragraphs describe our services and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we", "our" and "us" refer to Vizcaya Capital, LLC and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm.
We use the terms "we" and "our" throughout this disclosure brochure to refer to Vizcaya Capital, LLC. The use of these terms is not intended to imply that there is more than one individual associated with this firm.
Portfolio Management Services We offer discretionary and non-discretionary portfolio management services. Our investment advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information at the beginning of our advisory relationship. We will use the information we gather to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf. As part of our portfolio management services, we may customize an investment portfolio for you according to your risk tolerance and investing objectives. We may also invest your assets using a predefined strategy, or we may invest your assets according to one or more model portfolios developed by our firm. Once we construct an investment portfolio for you, or select a model portfolio, we will monitor your portfolio's performance on an ongoing basis, and will re-balance the portfolio as required by changes in market conditions and in your financial circumstances.
If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. If you enter into non-discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account.
Sub-Advisory Services We offer sub-advisory services to and unaffiliated third party money managers (the "Primary Investment Adviser"). As part of these services, we will provide model portfolios, which the Primary Investment Adviser selects for their clients. We will then provide recommendations for asset allocations and re-balancing to the Primary Investment Adviser who will be ultimately responsible for implementing those recommendations. We will not communicate investment recommendations or selections directly to the Primary Investment Adviser's individual clients and we do not execute transactions ourselves.
4 Private Investment Funds Vizcaya Capital, LLC serves as the investment adviser to Vizcaya Lending Fund Segregated Portfolio of Glide Fund SPC Ltd ("Vizcaya Segregated Portfolio"). Vizcaya Segregated Portfolio, is a segregated portfolio of the Glide Master Fund SPC Ltd. (the "Master Fund"), a Segregated Portfolio Company "SPC" created under the laws of the British Virgin Islands.

Glide Capital LLC provides fund management services to Glide Master Fund SPC Ltd ("Master Fund"). As Fund Manager, Glide Capital LLC has delegated Vizcaya Capital, LLC with discretionary investment advisory authority over Vizcaya Segregated Portfolio. We are not affiliated with Glide Capital LLC and have no ownership interest in the Master Fund. The investment advisory services provided to the Funds are governed by the offering documents of the Funds. We base our advice to the Vizcaya Segregated Portfolio on its investment objectives and the restrictions (if any) set forth in the applicable offering memorandum, organizational documents, investment management agreement, and/or subscription agreements, as the case may be (each and collectively, the "Governing Documents"). The Vizcaya Segregated Portfolio is available for investment only by institutional investors and other sophisticated, high-net-worth investors, who meet the eligibility requirements of the applicable Fund set forth in its Governing Documents. The Fund is exempt from registration as an investment company under the U.S. Investment Company Act, as amended (the "Investment Company Act"), under Section 3(c)(1) or 3(c)(7) thereof.
Investors and prospective investors should refer to the offering documents for the Fund for a complete description of the risks, investment objectives and strategies, fees and other relevant information pertaining to investments in the Fund.
Additionlly, we are also the adviser to the Vizcaya Lending Fund ("Lending Fund"); the Vizcaya Private Lending Fund (Feeder) Segregated Portfolio ("Private Lending Fund"); and, the Vizcaya Alternative Investments Segregated Portfolio ("Alternative Investments Fund"). A conflict of interest exists with respect to these Funds since we have a financial incentive to recommend them to you. However, as a fiduciary, we are obligated to act only in our clients' best interests and will, therefore, only recommend these funds when we have determined that they are appropriate for you. Selection of Other Advisers We may recommend that you use the services of a third party money manager ("TPMM") to manage all, or a portion of, your investment portfolio. After gathering information about your financial situation and objectives, we may recommend that you engage a specific TPMM or investment program. Factors that we take into consideration when making our recommendation(s) include, but are not limited to, the following: the TPMM's performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will monitor the TPMM(s)' performance to ensure its management and investment style remains aligned with your investment goals and objectives.
The TPMM(s) will actively manage your portfolio and will assume discretionary investment authority over your account. We will assume discretionary authority to hire and fire TPMM(s) and/or reallocate your assets to other TPMM(s) where we deem such action appropriate.
5 Types of Investments We offer advice on equity securities, corporate debt securities (other than commercial paper), commercial paper, certificates of deposit, mutual fund shares, United States government securities, private placements and private funds, options contracts on securities, options contracts on commodities, money market funds, real estate, structured notes, ETFs and interests in partnerships investing in real estate.
Additionally, we may advise you on various types of investments based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or conflicting with the advice we give to other clients regarding the same security or investment.
Assets Under Management As of December 31, 2023, we provide continuous management services for $376,298,202 in client assets on a discretionary basis, and $50,387,429 in client assets on a non-discretionary basis.