Overview
The Advisory Firm and its Principal Owners
Gratia Capital, LLC is a Delaware limited liability company founded in April 2012. Gratia Capital is
a multi-strategy, value and event-oriented asset management firm based in Los Angeles,
California. Gratia Capital’s primary office is located at 11835 W Olympic Blvd, Suite 385, Los
Angeles, CA 90064.
Advisory Services
Gratia Capital currently provides investment management services and discretionary investment
advice to a private Fund (“The Fund”) and a sub-advisory account Client (“Sub-Advisory”) and may
serve as investment adviser and/or sub-adviser to various other advisory clients, including
separately managed accounts, fund of one account, and other private investment Fund
(collectively, “Clients”).
Advisory Services to Sub-Advisory Accounts
Investments for Sub-Advisory account Clients, whether pooled investment vehicles, separately
managed accounts, or fund of one accounts, are managed in accordance with the Clients’
investment objectives, strategies, restrictions and guidelines as set forth in the documents
governing Gratia Capital’s relationship with such Clients or as otherwise communicated to
Gratia Capital by the Clients. Depending
on the nature of the relationship, these services
may include the investment and reinvestment of securities, cash and cash equivalents, futures
and options held in a Client’s account. If a Client wishes to impose certain restrictions on
investing in certain securities or types of securities or is prohibited by applicable law from
investing in such securities or types of securities, Gratia Capital will address those requests on a
case-by-case basis.
Types of Services
The investments of the Fund are managed in accordance with the investment objectives,
strategies and guidelines applicable to the Fund and are not tailored to any particular Investor in
the Fund (an “Investor”).
Gratia Capital does not provide individualized investment advice to such Investors with respect to
their investment in the Fund; therefore, Investors should consider whether the Fund meets their
investment objectives, risk tolerance and financial situation.
Wrap Fee Programs
Gratia Capital does not participate in wrap fee programs.
Regulatory Assets Under Management
As of March 31, 2024, Gratia Capital manages approximately $133.6 million on a discretionary
basis and $0 on a non-discretionary basis.