PROPRIETARY CAPITAL, LLC other names

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Adviser Profile

As of Date:

05/29/2024

Adviser Type:

- Large advisory firm

Number of Employees:

21 -8.70%

of those in investment advisory functions:

9 12.50%

Registration:

SEC, Approved, 2/10/2003

AUM:

1,927,838,000 -63.17%

of that, discretionary:

1,927,838,000 -63.17%

Private Fund GAV:

1,779,011,000 -64.42%

Avg Account Size:

50,732,579 -83.53%

% High Net Worth:

47.37%

SMA’s:

YES

Private Funds:

9

Contact Info

303 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
13B 11B 9B 8B 6B 4B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Associated Capital Group Announces Record and Distribution Dates for Spin-Off of Morgan Group Holding Co.
03/31/2021

Inc.). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along three core ...

finanznachrichten.de

FP Apollo Multi Asset Balanced
03/31/2021

The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of ...

hl.co.uk

ASSOCIATED CAPITAL GROUP INC
03/23/2021

Inc.). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along three core ...

finanznachrichten.de

Power Corporation Reports Fourth Quarter and 2020 Financial Results
03/17/2021

The Corporation eliminated the gain recognized by Lifeco on the sale of GLC, and the gain recognized by IGM on the sale of the Quadrus Group of Funds (QGOF) from the contribution to the ...

benzinga.com

Power Corporation Reports Fourth Quarter and 2020 Financial Results
03/17/2021

The Corporation eliminated the gain recognized by Lifeco on the sale of GLC, and the gain recognized by IGM on the sale of the Quadrus Group of Funds (QGOF) from the contribution to the ...

markets.businessinsider.com

Power Corporation Reports Fourth Quarter and 2020 Financial Results
03/17/2021

The Corporation eliminated the gain recognized by Lifeco on the sale of GLC, and the gain recognized by IGM on the sale of the Quadrus Group of Funds (QGOF) from the contribution to the Corporation's net earnings. Presented in Alternative and other ...

sg.news.yahoo.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 9 $1,779,011,000

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Private Funds



Employees




Brochure Summary

Overview

A. Firm Information Proprietary Capital, LLC (“Proprietary Capital” or the “Firm”) is registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”)1. Proprietary Capital, which was founded in 1997, has its principal place of business in Denver, Colorado The Firm is managed by co-founder and Managing Member, Craig A. Cohen, who is also the owner of the Firm. B. Description of Advisory Services Proprietary Capital manages four types of clients (each, a “Client” and collectively, the “Clients”) pursuant to an investment management agreement (“IMA”): (i) open end private investment funds (“Hedge Funds”), (ii) closed-end private investment funds (“Debt Funds” and collectively with the Hedge Funds, the “Funds”); (iii) individually managed fee-paying separate accounts for institutions and similar investors (“Institutional Accounts”), and (iv) individually managed non-fee- paying separate accounts for certain individual and similar investors (“Relationship Accounts” and collectively with the Institutional Accounts, the “Separately Managed Accounts”). Proprietary Capital operates in accordance with the terms set forth in the limited liability company agreement or IMA (together with private placement memoranda and, as applicable, any side letter agreements negotiated with Fund investors, the “Governing Documents”) of such Client, which includes specific information concerning the operation and management of each Client. Proprietary Capital has the authority to recommend all investment decisions for each Fund, subject to compliance with the investment criteria set forth in the Governing Documents of the relevant Fund, however, advisory services can be tailored to the needs of the Separately Managed Accounts as is discussed further below in Item 4.C. Proprietary Capital’s investment activities focus primarily on: (i) investing in mortgage and housing-related
securities, their derivatives and other financial instruments linked to the mortgage and housing market; and (ii) investing in federally guaranteed or insured loans (“Federally Guaranteed Loans”). Investments in Funds and Institutional Accounts may include, without limitation:
• Residential mortgage-backed securities (“RMBS”)
• Derivatives of RMBS
• Collateralized mortgage obligations
• Options
• United States government securities
• Futures contracts on intangibles
• Swaps
• Swaptions
• Residential mortgage whole loans
• Mortgage and Housing-related preferred and common equities
• Re-securitizations 1 Registration of an investment advisor does not imply any level of skill or training
• Federal Housing Administration insured loans
• Veterans Affairs loans
• US Department of Agriculture loans
• Department of Indian Affairs loans Investments in Relationship Accounts may include some of the investment instruments listed above. They may also invest in exchange-traded funds (“ETFs”) and closed-end bond funds (“CEFs”). If qualified, beneficial owners of Relationship Accounts may also invest in Funds through their account. C. Availability of Tailored Services The Firm tailors its advisory services to the individual needs of a Separately Managed Account. Separately Managed Accounts may place limitations on the types of instruments that may be purchased for their accounts. Because some types of investments involve certain additional degrees of risk, they will only be purchased for a Separately Managed Account when consistent with that account’s investment objectives, tolerance for risk, liquidity and suitability. D. Wrap Fee Program Proprietary Capital does not participate in wrap fee programs. E. Assets Under Management As of December 31st, 2023, Proprietary Capital managed $1,927,838,000 of Client assets on a discretionary basis and no assets on a non-discretionary basis.