Overview
Adit Ventures Management, LLC (hereinafter “Adit”, “we”, “us”, “our”, or the “Firm”) is a Delaware
limited liability company formed on March 7, 2016 (under the name PSP Ventures Management, LLC)
with a principal place of business in New York, New York. Eric Munson is the principal of Adit,
holding (indirectly through his interest in CIRE Holdings LLC) 70% of Adit. Daniel McCooey, a former
principal of Adit, retains a 30% interest in Adit.
Adit serves as the investment manager of a number of private, pooled investment vehicles (each, a
“Fund” or a “Client” and collectively, the “Funds” or the “Clients”), with discretionary trading
authority over the assets of such Funds. Adit’s investment decisions and advice with respect to a Fund
are tailored to, and subject to such restrictions imposed by, the Fund’s investment objectives and
guidelines as set forth in its respective offering and governing documents (collectively, with respect to
each Fund, the “Fund Documents”).
The Funds’ members and limited partners are hereafter
collectively referred to as the “Investors.”
Entities affiliated with Adit serve as general partner or managing member, as applicable, of the Funds
(each, a “Manager” and collectively, the “Managers”).
Adit implements an investment strategy for the Funds focused on obtaining equity positions in
disruptive, rapidly growing privately held growth equity companies that are at or approaching
profitability as a result of an initial public offering or other liquidity event. Certain Funds are diversified
funds which hold a number of different investments, whereas other Funds are special purpose vehicles
formed to hold investment(s) in a single underlying company or, in certain situations, may have a related
group of underlying company investments.
As of December 31, 2023, Adit had regulatory assets under management of approximately
$318,421,899, all of which are managed by Adit on a discretionary basis.