Adviser Profile

As of Date:

04/29/2024

Adviser Type:

- Large advisory firm

Number of Employees:

16 6.67%

of those in investment advisory functions:

11 10.00%

Registration:

SEC, Approved, 7/28/2020

Other registrations (1)

Former registrations

AVENIR MANAGEMENT COMPANY, LLC

AUM:

1,884,032,985 -4.17%

of that, discretionary:

1,884,032,985 -4.17%

GAV:

1,992,976,640 -12.37%

Avg Account Size:

52,334,250 -12.16%

SMA’s:

Private Funds:

36 3

Contact Info

347 xxxxxxx

Websites :

Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary

Non-discretionary

2B 2B 2B 1B 983M 656M 328M

2020 2021 2022 2023

Recent News

Pie Radar GAV Count

Private Funds Structure

Fund Type	Count	GAV
Venture Capital Fund	36	$1,992,976,640

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Private Funds

GAV Count

Employees

Brochure Summary

Overview

Structure; History and Ownership Avenir Management Company, LLC is an investment advisory firm with its office in New York, New York. In this brochure, Avenir Management Company, LLC will be referred to as “the firm.” The firm is organized as a Delaware limited liability company and commenced business in January 2017. We registered as an investment adviser with the United States Securities and Exchange Commission in June 2020. The firm has 15 employees. Founders Andrew G. Sugrue and James M. Reynolds IV (the “Principals”) are majority owners of the firm and managing partners. The Principals source and evaluate investments and serve on the boards of certain of the portfolio companies. Members of the firm travel frequently within the United States and major cities across the globe conducting independent research; searching for and evaluating new investment opportunities; monitoring existing portfolio companies; meeting with management teams, entrepreneurs and thought leaders; and visiting with existing and potential investors. The firm and its affiliates have formed Avenir Growth Partners, L.P., Avenir Growth Partners II, L.P., Avenir Growth Partners II Co-Invest, L.P., Avenir Growth Partners III, LP Avenir Growth Partners III Co- Invest, LP, Avenir Growth Partners IV-A LP, Avenir Expansion Partners IV LP and Avenir Growth Partners IV LP (together with any additional pooled investment vehicles sponsored by the firm or its affiliates, the “Funds”), which primarily make equity investments in well-positioned growth companies that meet the firm’s investment criteria and the

applicable Fund(s)’ investment strategy. Collectively, the firm and the general partners or managers of our “clients” (defined below) are referred to in this brochure as “we” or “us”. Types of Advisory Services We act as an advisor to private equity funds and to various special purpose and acquisition vehicles through which the Funds and co-investors pool their capital to invest in portfolio companies (“co-investment vehicles” and collectively with the Funds, our “clients”). We provide investment advice with respect to investments in private companies. Our clients do not offer their interests to the public. Such interests are only offered in private placements. The terms of such offerings and the investments themselves are set forth in each client’s operating and subscription documents. Impersonalized Investment Advice We do not tailor our investment strategy to the needs of individual investors. Our clients’ investors may include taxable and tax-exempt entities and persons, or entities organized in various jurisdictions. Therefore, conflicts of interest may arise in connection with decisions that may be more beneficial for one type of investor than another. In selecting investments appropriate for our clients, we consider the investment objectives of the applicable client as a whole, not the investment objectives of such client’s individual investors. Assets Under Management As of December 31, 2022, we managed approximately $2.0 billion of client assets on a discretionary basis. We do not manage any client assets on a non-discretionary basis.