Overview of Advisory Firm and Principal Ownership
Cambrian Capital Management, L.L.C., doing business as Cambrian Capital
Management (“Cambrian”), is a limited liability company organized in Delaware in 2022,
to provide discretionary investment advisory services to one or more private funds.
Cambrian was formed with a goal of achieving income and capital appreciation primarily
by acquiring interests in privately offered investment funds sponsored or advised by new,
emerging or start-up investment managers.
Cambrian is owned by Veritable, L.P. (“Veritable”). AMG Wealth Partners, LP
(“AMG Wealth Partners”), a subsidiary of Affiliated Managers Group, Inc. (“AMG”) owns
an equity interest in Veritable and a broad group of Veritable’s senior professionals
retained the remaining ownership interests. AMG, a publicly traded asset management
company (NYSE: AMG), holds equity interests in other investment management firms
(see Item 10 for further information).
Veritable is an SEC registered investment adviser with approximately $16.6 billion
of assets under management (“AUM”) as of December 31, 2022. Veritable primarily
provides discretionary investment supervisory services to its advisory clients that include
ultra-high net worth families, individual family members, and their family-related entities,
such as trusts, estates and private charitable organizations. In addition to its advisory
clients, Veritable also provides advisory services to certain affiliated funds, pursuant to
an investment management agreement with each affiliated fund.
Services Provided to Advisory Clients
Cambrian’s current clients are private funds and/or special purpose vehicles
owned by private funds (in either case, “Affiliated Funds”). It is expected that many of the
investors in such Affiliated Funds may also be clients of Veritable. Employees of Veritable
and/or their affiliates will also invest in the Affiliated Funds.
Affiliated Fund advisory services
are provided pursuant to a Fund Advisory
Agreement or Investment Management Agreement or similar investment advisory
agreement (in any case, an “IMA”) tailored to the requests of applicable Affiliated Funds
and their respective General Partner(s) (each a “General Partner” - generally also a
Cambrian affiliate). Cambrian does not tailor its advisory services to the individual needs
of any underlying investor.
As provided for in applicable IMA(s), Cambrian assists and advises Affiliated Fund
General Partner(s) with the management of certain business and investment operations.
As manager or investment adviser of an Affiliated Fund, Cambrian assists and advises
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the General Partner with such matters as: (i) identifying, evaluating and selecting potential
underlying funds in which to invest Affiliated Fund assets and potential underlying
managers to manage all or a portion of Affiliated Fund assets; (ii) allocating Affiliated Fund
assets among various investments; and (iii) monitoring ongoing Affiliated Fund
performance. Cambrian may also deploy the assets of Affiliated Funds to non-fund
investments and may maintain bank and other accounts for Affiliated Funds. Furthermore,
Cambrian provides or assists in the provision of other portfolio management, investment
management, administrative and managerial services for Affiliated Funds.
Cambrian may also assist in certain underlying fund matters (such as with regard
to the vehicles in which Affiliated Funds invest).
Regulatory Assets Under Management
As of the date of this Brochure, the total regulatory assets under management are
$328,333,003 representing the total commitments of the three private funds namely,
Cambrian Capital Partners (Master) Fund I, L.P., Cambrian Anchor Capital Partners
(Master) Fund I, L.P., and Cambrian Anchor Capital Partners (Offshore) Fund I, L.P.
Wrap Fee Programs
Cambrian does not offer or participate in wrap fee programs.