Overview
Altmore Capital Investment Management, LLC (“ACIM”) began operations in Virginia in August 2018. The
key principals and members of senior management of ACIM are Steven Ham and Hyung-Jin Patrick Kim (the
“Principals”).
ACIM’s advisory services consist of managing a number of private funds that primarily make secured debt
investments in U.S. cannabis operators.
ACIM is solely responsible for researching, selecting, disposing and monitoring investments made by its
clients, and making decisions on when and how much to invest with or withdraw from a particular
investment. The Principals will be primarily responsible for the investment selection and positioning of
ACIM’s clients.
Since ACIM began operations in 2018, it has led over $300 million of financings for multiple U.S. cannabis
operators. We believe ACIM to be one of the first institutional providers of senior secured term loans to
U.S. cannabis operators, pioneering the development of secured lending in the industry, and to be one of
the few that has experience leading a successful restructuring of a major cannabis operator. Over the past
several years, ACIM has spent substantial time, money and resources to develop a cannabis industry-
specific due diligence process and legal structures, in order to lend money on a secured basis to borrowers
that
operate in California, Colorado, the District of Columbia, Illinois, Maryland, Massachusetts, Michigan,
Missouri, Montana, New Jersey, Nevada, Oregon, Ohio, Pennsylvania, Utah, Washington and West
Virginia.
The Principals have made a number of minority stake co-investments in some of the private funds ACIM
manages in order to align the Principals’ interests with other investors in such funds. Because the
Principals have not co-invested in all of the private funds, there is an incentive for ACIM to favor the funds
in which its Principals invest. However, ACIM seeks to mitigate this potential conflict by treating all clients
equally and dedicating equal resources and time to each client. Moreover, ACIM believes any potential
conflicts that could arise out of investment allocation decisions are eliminated by the fact that each private
fund in which Principals have made co-investments is a special purpose vehicle designed to invest in only
one portfolio company for the duration of its existence and not make additional investments.
ACIM tailors its advisory services to its clients’ investment objectives. Each client has an investment
strategy that ACIM must follow.
As of 12/31/2023, ACIM manages $192,187,536, all on a discretionary basis. We do not participate in any
wrap fee programs.