Overview
                                    
                                    
                                        
                                            BennBridge US was formed in 2019 as a Delaware limited liability corporation. BennBridge 
US  is  a  wholly-owned,  indirect  subsidiary  of  Bennelong  Funds  Management Group  Pty  Ltd 
(“BFMG”),  which is  a private  Australian firm  that  partners  globally,  through  its subsidiaries, 
with  various  investment  managers  to  offer  investment  solutions  to  a  variety  of  investors. 
BennBridge  US  became  a  SEC  registered  investment  adviser  under  the  Advisers  Act,  in 
September 2020. Registration as an investment adviser  does not imply any level of  skill or 
training. As of December 31, 2023, BennBridge US managed Client assets in the US in the 
amount of approximately $371 million.  
BFMG is a multi-boutique investment firm which takes indirect equity interests in investment 
managers  established  as  boutiques.  BFMG  and  certain  of  its  subsidiaries  provide  each 
boutique  working  capital,  compliance,  operations  and  trading,  distribution,  fund,  and  sub-
advisory support as well as a wide range of non-investment services. BFMG’s objective is to 
provide  a  rigorous  structure  that  gives  each  boutique  the  same  quality  infrastructure  and 
support offered by large institutional firms while enabling each of them to operate in a more 
personalized and entrepreneurial environment. BennBridge US utilizes databases, systems, 
and technology developed and utilized by BFMG’s subsidiary BennBridge Ltd (“BennBridge 
UK”).   
BennBridge  US,  in  rendering  investment  advisory  services,  uses  the  resources,  including 
personnel  and  boutiques  of  BFMG (the  “Participating  Affiliates”)  through  a  “participating 
affiliate  agreement”  in  which  multi-national  financial  firms  commonly  rely  upon  the  SEC’s 
positions in a line of no-action letters (the “Unibanco letters”).  
BennBridge  UK, regulated  and  authorized  by  the  United  Kingdom’s  Financial  Conduct 
Authority and not registered with the SEC as an investment adviser under the Advisers Act, 
has  indirectly  entered  a
                                        
                                        
                                              Sub  Investment  Management  Agreement  with  BennBridge  US  to 
share  Participating  Affiliate  personnel  with,  and  provide  certain  services  to  U.S.  clients 
through,  BennBridge  US,  the  SEC  registered  adviser,  without  BennBridge  UK  or  other 
Participating Affiliates registering under the Advisers Act.  
Each Participating Affiliate has entered into a Memorandum of Understanding (“MOU”) with 
BennBridge UK pursuant to which the “Participating Affiliate” as that term is used to allow U.S. 
registered investment advisers to use portfolio management and trading resources of advisory 
affiliates  subject  to  the  supervision  of  the  BennBridge  US,  the  SEC  registered  adviser.  
Through  the  Participating  Affiliate  Agreement,  Participating  Affiliates  render  portfolio 
management,  research,  or  trading  services  to  clients  of  BennBridge  US.    Investment 
personnel providing such services are considered to be “associated persons” of BennBridge 
US and are subject BennBridge US oversight and supervision.   
Currently one boutique, Skerryvore Asset Management LLP (“Skerryvore”) actively serves as 
a Participating Affiliate. Skerryvore provides Emerging Market Equity strategies: Skerryvore 
Global  Emerging Markets  Equity  Strategy  and  Skerryvore Global  Emerging  Markets  Equity 
All-Cap Strategy.  
BennBridge US is currently providing services to registered investment company, private fund 
and collective investment trust clients. BennBridge US tailors its investment advisory services 
to the investment objectives of each Client. These objectives are described in the governing 
documents for each fund and in the managed account agreement for any managed account 
clients. The assets of each client are managed in accordance with the terms of the documents 
governing the relationship with the applicable client.  
Please refer to Item 8 (Methods of Analysis, Investment Strategies, and Risks of Loss) of this 
Brochure for additional information regarding investment process and associated risks.