Overview
Praesidium Investment Management Company, LLC (the “adviser” or “firm”) was founded in
2003 and its principal place of business is in New York, New York. The firm is registered as an
investment adviser with the SEC. Our firm is principally owned by Kevin Oram and Peter Uddo,
who are the Managing Members.
We specialize in providing discretionary investment advisory services to separately managed
accounts (“managed accounts”) and private pooled investment vehicles (“private funds”), (the
“managed accounts” and, together with the private funds, the “clients”). In providing our advisory
services, we seek to achieve capital appreciation by employing a rigorous, independent research
and security selection process. Through this process, we seek to identify and invest in companies
that are selling in the public markets at discounts that we believe are significant to their underlying
intrinsic values. While we intend to invest primarily in global equity securities, our clients give
us the authority and flexibility to invest in other types of securities that we deem appropriate.
Our firm tailors our advisory services in accordance with each client’s needs and investment
strategy as disclosed in its offering documents or managed account investment management
agreement. For our private
funds, we adhere to the investment strategy set forth in each private
fund’s offering documents. For each managed account, we start with the investment strategy
employed for our private funds and then tailor that strategy to meet each managed account’s
investment guidelines. We then execute an investment management agreement that defines that
managed account’s investment objective, which we undertake to follow conscientiously. Any
investment restrictions applicable to any of our clients are set forth in a client’s offering documents
and/or investment management agreement.
The information provided above about the investment advisory services provided by our firm is
qualified in its entirety by reference to the applicable governing documents and investment
management agreements for our clients. For more information on the investment strategy of our
clients, please refer to the section “Methods of Analysis, Investment Strategies and Risk of Loss.”
We do not participate in wrap fee programs.
As of December 31, 2023, we managed approximately $897,508,542 of regulatory assets under
management on behalf of our clients, all of which were managed on a discretionary basis. This
number is based on estimated and unaudited information as of such date and is therefore subject
to change.