GRIZZLYROCK CAPITAL, LLC other names

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Adviser Profile

As of Date:

03/19/2024

Adviser Type:

- Large advisory firm


Number of Employees:

4

of those in investment advisory functions:

3 -25.00%


Registration:

SEC, Approved, 7/22/2022

Other registrations (1)
Former registrations

GRIZZLYROCK CAPITAL, LLC

AUM:

209,134,000 19.67%

of that, discretionary:

209,134,000 19.67%

Private Fund GAV:

192,966,000 13.80%

Avg Account Size:

52,283,500 -10.25%


SMA’s:

NO

Private Funds:

2

Contact Info

312 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
175M 150M 125M 100M 75M 50M 25M
2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $192,966,000

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Private Funds



Employees




Brochure Summary

Overview

GrizzlyRock is a Delaware limited liability company formed on February 13, 2015 and maintains its principal place of business in Chicago, Illinois. GrizzlyRock provides investment advisory services on a discretionary basis to private investment funds organized as pooled investment vehicles (the “Funds”) and sub-advises accounts of other investment managers (“Sub-Advised Accounts”) (collectively the “Clients”). GrizzlyRock’s current Funds include GrizzlyRock Value Partners, LP (“GRVP”) and Covest Series SPV, LP (“CoVest”), which was established for facilitating co-investment opportunities with GRVP and other Clients. Affiliates of GrizzlyRock act as the general partners of the Funds (the “General Partners”). GrizzlyRock and the General Partners (collectively referred to herein as “GrizzlyRock” or the “Adviser”) are principally owned by Kyle Mowery. Any references to the “Firm”, “us,” “we,” and “our” in this Brochure refer to the Adviser. Any defined terms used in this Brochure not otherwise defined herein, have the definition ascribed to them in the offering documents of the applicable Fund. GrizzlyRock seeks to achieve superior long-term capital appreciation by investing primarily in small capitalization companies. GrizzlyRock approaches potential investments by determining the fundamental value of a business – its intrinsic value, and thereafter takes a position if the Firm believes the market is giving an adequate margin of safety by incorrectly pricing the business in addition to the investment meeting GrizzlyRock’s other criteria. GrizzlyRock generally has broad and flexible investment authority with respect to Clients and tailors its advisory services to
Client needs respective of the investment objectives set forth in the applicable offering materials. The Funds’ objectives and strategies are set forth in the limited partnership agreements (and any applicable supplements) provided to each investor in the respective Fund. GrizzlyRock does not tailor its advisory services to the individual needs of underlying investors in the Funds. However, GrizzlyRock reserves the right to enter into side letters and other agreements and arrangements with certain investors in the Funds that may provide terms and conditions that are more advantageous than those set forth in the respective Fund’s offering materials. Such terms and conditions may include special rights to make future investments in the Funds or other investment vehicles or accounts managed by GrizzlyRock, different transparency rights, reporting rights, different withdrawal/redemption rights, different fee terms, and/or terms to accommodate an investor’s particular legal, tax or regulatory requirements. GrizzlyRock does not participate in any wrap fee programs. As of December 31, 2023, GrizzlyRock has regulatory assets under management of $209,134,000, which are managed on a discretionary 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 GrizzlyRock in connection with management of the Funds, are qualified in their entirety by reference to the Funds’ offering materials and advisory agreements. GrizzlyRock: Part 2A Page 5