Overview
The Adviser is a Birmingham, Alabama-based private equity management firm that, together with its
affiliates, provides investment advisory services to pooled investment vehicles which are exempt from
registration under the Investment Company Act of 1940, as amended, which include Abacus Fund I, LLC
(the “Fund”, and a “Client”). The Adviser has been in business since 2019 and its owners are Clayton
Mobley, Robert Todd Ayers, Robert Israel, Dan Nguyen, Chris Devine, William Henry Nabors, Gary
Moses and Anthony Hazen.
The Adviser provides advisory services with respect to equity investments in private companies. Interests
in the Fund generally are privately offered to qualified investors in the United States. The Fund makes
direct equity investments into small and medium-sized companies that demonstrate a potential for longevity
and growth. The Adviser’s investment advisory services consist of identifying and evaluating investment
opportunities and negotiating the terms of purchase and sale of investments as well as providing day-to-day
managerial support services. Investments are made predominantly
in non-public companies, although
investments in public companies are permitted in certain instances. From time to time, the senior principals
of the Adviser or other individuals chosen by the Adviser may serve on portfolio companies’ respective
boards of managers or otherwise act to influence control over management of portfolio companies held by
the Fund.
The Adviser tailors its advisory services to the individual needs of each of its Clients (not the individual
investors of the Clients) based on the specific characteristics of such Client, including but not limited to:
the stage in the investment period of each Client, and any other restrictions set forth in the private placement
memorandum, limited liability company agreement, limited partnership agreement, investment advisory
agreement and other governing documents of the Fund (collectively, “Governing Documents”).
The Adviser does not participate in wrap fee programs.
As of March 27, 2024, the Adviser had approximately $112,183,590 in regulatory assets under
management, all of which were managed on a discretionary basis.