Overview
USIT, a Delaware limited liability company, is an investment management and advisory firm based in
Pittsburgh, PA. USIT was founded in August 2022 by Thomas Tull, who is the principal owner of the
firm.
USIT provides advisory services to a private investment fund structure, US Innovative Technology Fund
LP (the “Fund” or “Fund 1”), which seeks to generate long-term capital appreciation through privately
negotiated venture capital investments in growth and early-stage companies (“Portfolio Companies”) in
the United States that are engaged in the development of technology with application to both the defense
industry and the commercial sector. The Fund has been established as a Delaware limited partnership, of
which USIT’s affiliate, US Innovative Technology GP, LLC (the “General Partner”), a Delaware limited
liability company, is the sole general partner. However, the Fund may also include one or more feeder
funds, parallel vehicles and/or investment holding structures where deemed appropriate by USIT and/or
the General Partner to facilitate the investment objectives of the Fund and its investors, as further
described
in the Fund’s offering documents. Currently, USIT also manages a parallel fund vehicle, US
Innovative Technology Parallel Fund, LP (the “Parallel Fund” and, collectively with US Innovative
Technology Fund LP, the “Funds”), in addition to Fund 1. USIT has discretionary investment authority
over the assets of the Funds. In addition, USIT may provide advice to one or more “co-investors” who
may invest in Portfolio Companies alongside the Funds from time to time.
Because USIT’s advisory business is currently limited to providing advice to the Funds in accordance
with the governing documents of the Funds (and, in some cases, to co-investors that invest in transactions
with the Funds), USIT generally does not tailor its advisory services to the individual needs of investors
in the Funds, nor can investors impose restrictions on investing in certain securities or types of securities.
As of December 31, 2023, USIT managed $2,371,399,944 in client assets on a discretionary basis. USIT
does not manage any client assets on a non-discretionary basis.
USIT is registered as an investment adviser with the SEC.