PLACEHOLDER MANAGEMENT, LLC

other names
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Adviser Profile
As of Date 05/02/2024
Adviser Type - Large advisory firm
Number of Employees 4
of those in investment advisory functions 3
Registration SEC, Approved, 7/23/2021
Other registrations (1)
Former registrations

PLACEHOLDER MANAGEMENT, LLC

AUM* 969,903,605 120.55%
of that, discretionary 969,903,605 120.55%
Private Fund GAV* 969,903,605 120.55%
Avg Account Size 242,475,901 65.42%
SMA’s No
Private Funds 4 1
Contact Info 929 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 1B 901M 721M 541M 360M 180M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count1 GAV$251,881,407
Fund TypeVenture Capital Fund Count2 GAV$661,410,433
Fund TypeOther Private Fund Count1 GAV$56,611,765

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Brochure Summary

Overview

General Description of Advisory Firm. The Adviser is an investment adviser with its principal place of business in New York, NY. The Adviser commenced operations as an investment adviser on August 1, 2017 and is registering with the SEC as of the date of this brochure. The Adviser’s managing members and principal owners are Joel Monegro and Christopher Burniske. Description of Advisory Services (including any specializations). The Adviser is a venture capital firm that invests primarily in open blockchain networks and web3 applications. The Adviser provides advisory services on a discretionary basis to its clients, which include pooled investment vehicles intended for sophisticated investors and institutional investors. The Adviser provides investment supervisory services primarily with respect to cryptocurrencies, including Bitcoin and Ethereum, and other restricted and privately issued securities. The Adviser’s investment advice
focuses on investments in cryptoassets on blockchain networks (via tokens) (“Digital Assets”) and early-stage web3 companies (via equity). Availability of Tailored Services for Individual Clients. The Adviser’s Funds include:
• Placeholder Fund I, LP (“Placeholder Fund I”)
• Placeholder Fund II, LP (“Placeholder Fund II”)
• Placeholder Long Term LP (“Placeholder Long Term”) The Adviser bases its advice to clients on the investment objectives and restrictions (if any) set forth in the applicable offering memorandum, organizational documents, limited partnership agreement, investment management agreement, and/or subscription agreements, as the case may be (each, and collectively, the “Governing Documents”). Client Assets Under Management. As of December 31, 2022, the Adviser had approximately $439,759,068 client assets under management. All of the Adviser’s assets are managed on a discretionary basis.