A. Nierenberg Investment Management Company, Inc. (“NIMCO,” “Advisor,” “we,” or
“us”) is a Washington corporation that was formed on April 12, 1995. We are wholly
owned by David Nierenberg.
B. We provide discretionary investment advice to private investment funds and managed
accounts. References herein to “NIMCO,” the “Advisor,” “we,” “us” as applicable. We
generally invest and trade on behalf of our clients in a wide variety of securities and
financial instruments, domestic and foreign, of all kinds and descriptions, whether publicly
traded or privately placed. We currently serve as the general partner to The D3 Family
Fund, L.P. (the “Family Fund”), The D3 Family Bulldog Fund, L.P. (the “Bulldog Fund”),
The Benedict Value Fund, L.P. (the “Benedict Fund”), and together with the Family Fund,
the Bulldog Fund, and the Benedict Fund, each, a “Fund,” and collectively, the “Funds”).
The Family Fund, Bulldog Fund will collectively be referred to as the “D3 Funds” in certain
aspects of this Brochure.
We have established an advisory committee, (the “Advisory Committee”) comprised of
individuals with substantial business and/or investment
experience, most of whom are, or
work for entities that are, investors in the Funds. The members of the Advisory Committee
are selected by us and serve at our pleasure. We may, in our discretion, consult with the
Advisory Committee on matters of strategy, the valuation of Fund assets, the resolution of
any potential conflicts of interests, the handling of any dispute involving the Funds, and
any other matters we deem appropriate in our discretion.
C. We generally do not permit investors in the private investment funds we manage to impose
limitations on the investment activities described in the offering documents for those funds.
Under certain circumstances, we may contract with a Fund or an individual investor to
adhere to limited risk and/or operating guidelines (in most cases, only to comply with legal
or regulatory requirements applicable to the Fund or investor). Any such arrangements
will be negotiated on a case-by-case basis. (See Item 16 “Investment Discretion.”)
D. We do not participate in wrap fee programs.
E. As of December 31, 2023, we had $174,454,363 of discretionary regulatory assets under
management.