Overview
A. Description of the Advisory Firm
This Brochure relates to Yosemite Management, LLC, a Delaware limited liability company, and the
General Partners (as defined below) (together, “Yosemite” or the “Firm”). The Firm is headquartered
in San Francisco, CA.
B. Types of Advisory Services
The Firm serves as an investment adviser to venture capital oriented pooled investment vehicles (the
“Funds”) and separate account clients (the “SMAs” and collectively with the Funds, the “Clients”).
Affiliated entities of the Firm serve as the General Partners of the Funds (collectively, the “General
Partner”). In the future, the Firm may decide to sponsor or manage additional private investment
funds or provide advisory services to other clients.
Clients make investments in equity and equity-oriented securities in privately held technology,
technology-related, and services companies which operate in life-sciences, healthcare, and related
industries, particularly those in the field of oncology. The Firm aims to work with the portfolio
companies to help them build their company and accelerate growth. Investments are made in
accordance with the strategy described in each Client’s limited partnership agreement or limited
liability company operating
agreement (as applicable), and subscription documents or advisory
agreements (as applicable) (collectively, the “Governing Documents”). Investors in the Funds are
referred to as “investors” or “limited partners.” Clients and investors should refer to the Governing
Documents for detailed information on the investment objectives and restrictions with respect to
each account.
The Funds offer limited partnership or membership interests, as applicable, to certain qualified
investors as described in response to Item 7, below.
C. Client Tailored Services and Client Imposed Restrictions
The Firm provides investment advisory services on a discretionary or non-discretionary basis to the
Clients, in accordance with each Fund’s Governing Documents. Advisory services are tailored to
achieve each Client’s investment objectives. The extent to which the Firm exercises discretion over
the Fund, as well as any limitations on the Firm’s discretionary authority (if any) is stated in each
Fund’s Governing Documents.
D. Wrap Fee Programs
The Firm does not participate in wrap fee programs.
E. Amounts Under Management
The Firm manages $232,672,360 in regulatory assets under management on a discretionary basis
and $695,980,477 on a non-discretionary basis.