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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 12 33.33%
of those in investment advisory functions 6 100.00%
Registration SEC, Approved, 04/19/2022
Other registrations (1)
Former registrations

776 MANAGEMENT, LLC

AUM* 923,726,269 16.87%
of that, discretionary 923,726,269 16.87%
Private Fund GAV* 923,726,266 16.87%
Avg Account Size 38,488,595 2.26%
SMA’s No
Private Funds 24 3
Contact Info 424 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
904M 775M 646M 517M 388M 258M 129M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeVenture Capital Fund Count24 GAV$923,726,266

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Brochure Summary

Overview

776 Management, LLC. (“776” or the “Firm”), a Delaware limited liability company, is a Florida based investment firm that was formed in 2020 by Alexis Ohanian. The Firm and/or its affiliates provide investment advisory services to investment vehicles that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). As an investment adviser to related investment partnerships, the Firm has built out its investment platform with the following private pooled investment vehicles (each a “Fund” and collectively, the “Funds”): 776 Fund, L.P. (“Fund I”), 776 Fund II, L.P. (“Fund II”), 776 Fund III, L.P. 776 Arête Fund I, L.P. (“Arete Fund”), 776 Arête Fund II, L.P., and 776 Kryptos Fund I, L.P. 776 may decide in the future to sponsor or manage additional private pooled investment funds (in addition to the Funds). The Funds make venture capital investments in start-ups and growth stage companies, both from the existing portfolio as well as new opportunities. The Funds also make investments in digital assets and companies that operate in the web3, crypto, blockchain, distributed ledger or similar technology companies (collectively, “Digital Assets”). Additionally, the Firm has organized and serves as the investment adviser to, and affiliates of the Firm serve as the general partner to, various special purpose vehicles (each a “SPV") (SPVs and Funds, each a “Client”) for investment in a particular investment opportunity, generally alongside
a Fund. Investments in the Funds are offered to only qualified investors, typically institutional investors, and eligible high net worth individuals. 776’s advisory services are tailored to the investment objectives, parameters and restrictions of which are disclosed to investors in each Client’s offering memorandum, limited partnership agreement, and subscription documents (“Governing Documents”). Investment restrictions are set forth in the respective Governing Documents of each Client. Investment advice is provided directly to each Client and not individually to the investors in each Client (the “Limited Partners” or “Investors”). Limited Partners may not impose additional restrictions on the management of the Clients. As permitted by the relevant Governing Documents, 776 may enter into “side letter” or similar agreement (“Side Letter”) with a Limited Partner in connection with its admission to a Client, without the approval of any other Limited Partner. Side Letters will grant such Limited Partners specific rights, benefits, or privileges, including, but not limited to, transfer rights, excuse from particular types of investments, certain disclosure or reporting obligations of the Firm or affiliated general partner, and participation in, and terms of co-investment opportunities. As of December 31, 2023, 776 had approximately $923,726,269 of regulatory assets under management on a discretionary basis. The Firm is solely owned by the Ohanian Empire Living Trust, in which Alexis Ohanian serves as the trustee.