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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 10
of those in investment advisory functions 6 20.00%
Registration SEC, Approved, 10/29/2021
AUM* 871,476,127 47.02%
of that, discretionary 871,476,127 47.02%
Private Fund GAV* 753,295,169 66.57%
Avg Account Size 87,147,613 47.02%
SMA’s No
Private Funds 3
Contact Info 917 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Other investment advisers
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
593M 508M 423M 339M 254M 169M 85M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$753,295,169

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Brochure Summary

Overview

Meteora Capital, LLC (the “Adviser,” “we” or “us”) is a Delaware limited liability company that commenced business operations in February 2021. The Adviser’s principal owner is Vikas Mittal. The Adviser’s investment objective is to achieve consistent returns, independent of stock market movements. The Adviser seeks to minimize market risks by identifying and exploiting inefficiencies in the financial markets, thereby generating returns that are not correlated to stock market performance. Subject to any limitations or restrictions that a client (as defined below) may impose, the Adviser seeks to ensure that clients are aware of the risks involved in these portfolio strategies. The Adviser currently manages a SPAC Strategy (as defined in Item 8) on behalf of the Funds (as defined below). The SPAC Strategy is described in detail in Item 8. We currently manage the following private investment funds (each, including any future investment funds pursuing a substantially similar or overlapping investment strategy, a “Fund” and, collectively, the “Funds”):
• Meteora Capital Partners, LP
• Meteora Capital Partners Offshore, LP
• Meteora Special Opportunity Fund I, LP (f/k/a Glazer Special Opportunity Fund i, LP)
• Meteora Special Opportunity Offshore Fund i, LP (f/k/a Glazer Special Opportunity Offshore Fund i, LP) Meteora Capital GP, LLC is the general partner for Meteora Capital Partners, LP, Meteora Capital Partners Offshore, LP, Meteora Special Opportunity Fund i, LP and Meteora Special Opportunity Offshore Fund i, LP (together the “General Partner”). The General Partner is owned by Vikas Mittal. Unless and only to the extent that the context otherwise requires, references to the Adviser, we or us herein are deemed to include references
to the General Partner as well. We provide discretionary investment advice to the Funds. In addition, the Adviser provides discretionary investment advice to other private investment funds and separately managed accounts. We may in the future provide discretionary and/or non-discretionary investment advice to other private investment funds and/or separately managed accounts or funds-of- one, in each case including those in which the Adviser or its affiliates or their respective partners, members, directors, officers or employees may invest (collectively with the Funds, the “clients” or the “Meteora Clients”). Each Fund is managed in accordance with its own investment and trading objectives, as described in its offering and governing agreements (collectively, the “Fund Documents”). We generally do not permit investors in the Funds that we manage to impose limitations Meteora Capital, LLC Form ADV: Part 2A Page 4 on the investment activities described in the Fund Documents. Under certain circumstances, we may contract with a client to adhere to limited risk and/or operating guidelines imposed by the client. We negotiate such arrangements on a case-by- case basis. The Adviser has investment discretion over a portion of assets of two funds on behalf of another registered investment adviser. These Separately Managed Accounts generally are invested pari parsu with another fund advised by Meteora Capital, LLC for certain investment opportunities as required by the registered investment advisor of these Separately Managed Accounts. As of December 31, 2023, we managed approximately $871.5 million in regulatory assets under management for our clients on a discretionary basis. Currently, we do not manage any assets on a non-discretionary basis.