Founded in 2021, FRAM is a Delaware limited liability company and a subsidiary of The Forest
Road Company, LLC (“Forest Road”). The indirect principal owners of Forest Road are Zachary
Tarica and Idan Shani who, together with certain other members of the senior management team
of Forest Road, indirectly control FRAM.
FRAM manages a range of strategies for its advisory clients, which consist of separately managed
accounts (“SMAs”), private investment funds (“Private Funds”) and other investment vehicles
(together with the SMAs and the Private Funds, “Clients”). The Clients’ underlying investors
(“Underlying Investors”) are described in Item 7 below.
FRAM provides investment advisory services for the benefit of its Clients, and tailors such
services to the specific investment objectives and restrictions of each Client pursuant to the
investment guidelines and restrictions set forth in each Client’s confidential private placement
memorandum, prospectus, limited partnership agreement, advisory agreement, management
agreement and other governing documents (collectively, the “Governing Documents”).
Investment advice is provided directly to its Clients, subject to the discretion and control of FRAM
or the applicable general partner, and not individually to the Underlying Investors. Current and
prospective investors should refer to the applicable Governing Documents for complete
information on the investment objectives, investment restrictions and risks related to the
applicable Client. Prior
performance is not indicative of future performance and there is no
assurance that any investment objectives will be achieved.
In accordance with common industry practice, FRAM or a Client’s general partner, managing
member, investment adviser, sub-adviser or manager routinely enters into “side letters” or similar
agreements pursuant to which certain Underlying Investors are granted specific rights, benefits
or privileges (including, without limitation, with respect to differences, including discounts to and/or
sharing of, management fees, performance allocations, performance hurdles, withdrawals,
access to information, minimum investment amounts, co-investment opportunities, reporting
obligations, and other rights or terms including those that may be requested in light of particular
investment, legal, regulatory or public policy characteristics of an investor). These rights, benefits
or privileges are not always made available to all Underlying Investors nor in some cases are they
required to be disclosed to all Underlying Investors. The disclosure and extension of any such
rights, benefits or privileges are governed by the corresponding Governing Documents.
FRAM does not participate in wrap fee programs.
As of February 29, 2024, FRAM managed $30,875,096 in regulatory assets under management,
which is managed on a discretionary basis. Additionally, FRAM has $96,000,000 in Client assets
under advisement on a non-discretionary basis, which consists of the committed capital in its
SMAs.