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Adviser Profile

As of Date 09/17/2024
Adviser Type - Large advisory firm
Number of Employees 28 55.56%
of those in investment advisory functions 16 33.33%
Registration SEC, Approved, 1/3/2022
AUM* 5,581,153,000 389.29%
of that, discretionary 5,581,153,000 389.29%
Private Fund GAV* 5,581,153,000 389.29%
Avg Account Size 1,860,384,333 389.29%
SMA’s No
Private Funds 1
Contact Info 312 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 978M 815M 652M 489M 326M 163M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$5,581,153,000

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Brochure Summary

Overview

Readystate is a Delaware limited partnership that was formed in 2021 and maintains its principal place of business in Chicago, Illinois. Readystate provides investment advisory services on a discretionary basis to private investment funds operating through a “master-feeder” structure sponsored by Readystate (each a “Fund” and collectively, the “Funds”) and in the future may also provide advisory services to co- investment vehicles established to provide co-investment with the Funds or other special purpose vehicles with tailored investment objectives (collectively with the Funds, “Clients”). An affiliate of Readystate acts as the general partner of certain of the Funds (the “General Partner”). Readystate and the General Partner (collectively, the “Adviser”) are principally owned by Ryan Garino and David Grossman (collectively, the “Managing Partners”). The Adviser generally has broad and flexible investment authority with respect to Clients and tailors its advisory services to Client needs respective to the investment objectives set forth in the applicable governing documents. Each Fund’s objectives and strategies are set forth in a confidential private offering memorandum (and any applicable supplements) provided to each investor in the relevant Fund. The investment objectives and strategies of any co-investment or special purpose vehicle managed by the Adviser will be set forth in the respective investment management agreement or other offering materials. The Adviser’s investment objective is to maximize risk-adjusted returns over intermediate- and long-term horizons through relative value and absolute value investment strategies that focus on identifying imbalances in credit, equity and
volatility markets using proprietary quantitative analysis and fundamental research. Our views are expressed via a full spectrum of asset classes including corporate bonds, credit derivatives, convertible bonds, equities, equity derivatives and other macro instruments. The Adviser does not tailor its advisory services to the individual needs of underlying investors in the Funds. However, the Adviser reserves the right to enter into side letters and other agreements and arrangements with certain investors in the Funds primarily to accommodate such investor’s particular legal, tax or regulatory requirements. Any co-investment or special purpose vehicle established by the Adviser may (i) tailor its investment objectives to specific financial instruments and/or (ii) be subject to different terms and fees than those of other Clients. Such investment objectives, fee arrangements and terms will be individually negotiated with the underlying investor(s). The Adviser does not participate in any wrap fee programs. As of December 31, 2023, the Adviser had $5.58 billion of regulatory assets under management on a discretionary basis. The Adviser does not currently advise any client assets on a nondiscretionary basis. All discussions of the Funds in this brochure, including, but not limited to, their investments, the strategies used in managing the Funds, the fees and other costs associated with an investment in the Funds, and conflicts of interest faced by the Adviser in connection with management of the Funds, are qualified in their entirety by reference to each Fund’s respective offering memorandum and advisory agreement. Readystate: Part 2A Page 5