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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 14 7.69%
of those in investment advisory functions 6
Registration SEC, Approved, 10/2/2006
AUM* 957,254,833 13.12%
of that, discretionary 957,254,833 13.12%
Private Fund GAV* 279,490,418 7.57%
Avg Account Size 119,656,854 27.26%
SMA’s Yes
Private Funds 2
Contact Info 919 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 1B 906M 725M 544M 362M 181M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$279,490,418

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker66980MAB2 Stock NameNOVA LTD $ Position$57,915,678 % Position7.00% $ Change31.00% # Change-1.00%
Stck Ticker78462F103 Stock NameSPDR S&P 500 ETF TR $ Position$54,422,000 % Position7.00% $ Change # Change
Stck Ticker45667GAE3 Stock NameINFINERA CORP $ Position$31,151,049 % Position4.00% $ Change16.00% # Change18.00%
Stck Ticker94419LAR2 Stock NameWAYFAIR INC $ Position$26,671,534 % Position3.00% $ Change # Change
Stck Ticker86333MAA6 Stock NameSTRIDE INC $ Position$25,089,612 % Position3.00% $ Change8.00% # Change0.00%
Stck Ticker25470MAB5 Stock NameDISH NETWORK CORPORATION $ Position$23,042,915 % Position3.00% $ Change-12.00% # Change-13.00%
Stck Ticker549498AA1 Stock NameLUCID GROUP INC $ Position$22,951,623 % Position3.00% $ Change2.00% # Change-1.00%
Stck Ticker733245AC8 Stock NamePORCH GROUP INC $ Position$18,043,060 % Position2.00% $ Change-10.00% # Change-3.00%
Stck Ticker550424AA3 Stock NameLUMINAR TECHNOLOGIES INC $ Position$13,674,612 % Position2.00% $ Change24.00% # Change8.00%
Stck Ticker816850AF8 Stock NameSEMTECH CORP $ Position$18,946,255 % Position2.00% $ Change-28.00% # Change-32.00%

Brochure Summary

Overview

The Adviser is an investment adviser with its principal place of business in Chapel Hill, North Carolina. The Adviser is a Delaware Limited Liability Company organized under the laws of the State of Delaware in April 2002. The Adviser commenced operations as an investment adviser on June 1, 2002 and has been registered with the SEC since October 2006. Elliot Bossen is the founder and principal of Silverback Asset Management, LLC. The Adviser manages investment advisory accounts for clients on a discretionary basis. The Adviser currently serves as investment manager to a number of private funds (together, the “Funds”), and as adviser or sub-adviser to separately managed accounts (the “Accounts”, and together with the Funds, the “Clients”). The Adviser may also accept other clients, including additional private funds, at any time. Currently, the Adviser is the Investment Manager to Silverback Opportunistic Credit Master Fund Limited and Silverback Convertible Master Fund Limited (formerly Silverback Opportunity Master Fund Limited), along with their respective feeders, the Silverback Opportunistic Fund Limited, Silverback Opportunistic Fund LLC, Silverback Convertible Fund Limited (formerly Silverback Opportunity Fund Limited), and Silverback Convertible Fund LLC (formerly Silverback Opportunity
Fund, LLC). The Silverback Opportunistic Credit Master Fund primarily employs a strategy that focuses on convertible, credit and equity markets to capture returns from investments in credit, equity, volatility, event-driven, special situation and structural opportunities. The Convertible Master Fund Limited employs a convertible arbitrage strategy. The feeder funds each invest substantially all of their assets in the respective master fund. The Adviser also acts as adviser or sub- adviser to the Accounts, which employ a related opportunistic credit, convertible arbitrage and/or special situations strategy. The Adviser provides advice to client accounts based on specific investment objectives and strategies. Under certain circumstances, the Adviser may agree to tailor advisory services for the needs of separately managed account clients. Such separately managed account clients may impose restrictions on investing in certain securities or certain types of securities. As of March 1, 2024, Silverback had approximately $721.9 million1 client assets under management, all of which were managed on a discretionary basis. 1 Note that this asset value is client net assets under management, and not regulatory assets under management as defined in the instructions for Item 5.F of ADV Part 1A.