A. General Description of Advisory Firm.
Aksia CA LLC (“Aksia CA” or the “Firm”), a Delaware Limited Liability Company, was formed in August
2011 as TorreyCove Capital Partners LLC and was acquired by Aksia LLC on March 31, 2020. Aksia CA’s
principal owner, as defined in Schedule A of Part 1A of Form ADV, is Aksia LLC. Aksia CA maintains an
office in San Diego, California.
B. Description of Advisory Services (including any specializations).
Aksia CA provides institutional investors with portfolio advisory services on alternative investment strategies.
Aksia CA also provides certain clients (“Research Clients”) with non-advisory research services.
For purposes of this brochure, the term “Clients” shall mean Aksia CA’s (i) general advisory clients to which
Aksia CA does not provide “continuous and regular supervisory or management services” as such term is
defined in the instructions to Form ADV (collectively, the “Advisory Clients”) and (ii) discretionary and non-
discretionary advisory clients to which Aksia CA provides continuous and regular supervisory or management
services (collectively, the “Investment Management Clients”). Aksia CA tailors its advisory services to each
Client’s specific guidelines. For the sake of clarity, the term “Clients,” as used in this brochure, does not include
Research Clients.
C. Availability of Tailored Services for Individual Clients.
Aksia CA tailors its advisory services to the individual needs of its Clients by providing a high level of
customization
for specific Client mandates, referencing each Client’s unique risk tolerances, liquidity
requirements, and return targets. For this reason, each Client’s alternatives investment portfolio is typically
constructed somewhat differently in terms of investments selected. Further, most Clients have certain
restrictions or parameters that must be considered when constructing portfolios. For instance, a Client may
restrict investments domiciled in certain geographies, or may restrict certain investment strategies, such as
hostile takeovers or buyouts that are viewed as hostile to certain parties.
D. Wrap Fee Programs.
Not applicable.
E. Client Assets Under Management.
As of December 31, 2023, the Regulatory Assets Under Management1
as reported in Form ADV Part 1 is
approximately $ 1,912,075,871 (of which $93,615,669 was managed on a non-discretionary basis and
$1,818,460,202 was managed on a discretionary basis). As of December 31, 2023, the Firm had approximately
$37,849,065,812 of Assets Under Advisement.2
1) As defined in Form ADV 1A instruction 5.b.
2) Total Assets Under Advisement (advisory assets, excluding Assets Under Management) is defined as NAV plus unfunded
commitments. Represents investments tracked by Aksia CA’s Client Operations team, not all investments on which Aksia CA has
advised and excludes Aksia CA-recommended investments that Aksia CA is no longer monitoring.