9AT: ASCRIBE MANAGEMENT LLC

ASCRIBE MANAGEMENT LLC

other names

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Adviser Profile

Registration status

Terminated

As of Date	02/27/2025
Adviser Type - Large advisory firm
Number of Employees	12 33.33%
of those in investment advisory functions	4 -20.00%

AUM^*	252,363,556 282.08%
of that, discretionary	252,363,556 282.08%
Private Fund GAV^*	0 -100.00%
Avg Account Size	252,363,556 282.08%
SMA’s	No
Private Funds	0 3
Contact Info	212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Reported AUM

877M 752M 627M 501M 376M 251M 125M

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Ascribe, a Delaware limited liability company, serves as an investment manager to related private investment vehicles (the “Ascribe Funds”) organized primarily to invest in a broad range of stressed and distressed securities, securities trading at stressed or distressed valuations and securities of companies which are distressed or undergoing operational, financial or other stress, which offer an attractive risk adjusted rate of return. The Ascribe Funds may invest in debt or equity securities that Ascribe believes are trading at significant discounts to their intrinsic values. As of December 31, 2023, the Ascribe Funds had $252,363,556 in aggregate capital commitments and assets managed on a discretionary basis by Ascribe.1 Ascribe was founded in 2006 by Anthony Grillo and American Securities LLC (“American Securities”), an affiliated investment manager to private investment vehicles that specializes in private equity and related investments. Ascribe was a wholly-owned subsidiary of American Securities until June 30, 2021, when American Securities engaged in a business combination (“ASBG Transaction”) with Birch Grove Capital LP (“Birch Grove”). Upon the consummation of the ASBG Transaction, Ascribe came under common control indirectly between American Securities

and Birch Grove. Further information regarding the ownership of Ascribe and ASBG LLC (“ASBG”) is provided in Schedules A and B of their respective Form ADV, Part 1A filings. Michael G. Fisch is the principal owner of American Securities, either directly or through his affiliates. Investment advice is provided directly to each Ascribe Fund and not individually to the limited partners or investors in the Ascribe Funds. The Company has discretion to commit the Ascribe Funds to invest in a variety of investment instruments consistent with the respective investment programs of each Ascribe Fund. Ascribe provides, either directly or through its related entities, investment advice to the Ascribe Funds regarding debt and equity securities and other assets with a range of liquidity profiles. The Ascribe Funds may make controlling or non-controlling investments. For non-controlling investments Ascribe’s investment professionals nevertheless may work with an issuer’s management. The terms by which Ascribe provides investment advice to the Ascribe Funds are described in each Ascribe Fund’s governing documents, which may include a confidential offering memorandum, an investment management agreement, and a limited partnership agreement, among other things. Ascribe does not manage any assets on a non-discretionary basis or participate in any wrap fee programs.