PABRAI INVESTMENT FUNDS other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm

Number of Employees:

2

of those in investment advisory functions:

2

Registration:

SEC, Approved, 3/12/2012

AUM:

798,274,634 25.21%

of that, discretionary:

798,274,634 25.21%

Private Fund GAV:

797,133,874 40.89%

Avg Account Size:

99,784,329 56.51%

SMA’s:

YES

Private Funds:

5

Contact Info

512 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
1B 878M 732M 585M 439M 293M 146M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Dalal Street, LLC Buys Alibaba Group Holding
05/14/2021

Related Stocks: BABA,

gurufocus.com

Technology overpowering touchy-feely old school in investing. Can you still win?
04/07/2021

Referred to as 'The Alchemist of Dalal Street' by Forbes magazine ... Back then, if you put your money in a mutual fund or PMS scheme, your 'human' fund manager painstakingly analysed company and industry data in order to decide where to invest.

economictimes.indiatimes.com

Share Market Updates: Sensex, Nifty end higher; Asian Paints, Sun Pharma, HUL shares lead gains
04/06/2021

Sensex closed 42 points higher at 49,201 and Nifty gained 45 points to 14,683. Top gainers were Asian Paints, Sun Pharma, Dr Reddy's Laboratories, HUL shares . Top Sensex losers were PowerGrid, Ultratech Cement,

businesstoday.in

Meet the women of Dalal Street
04/06/2021

“Fund managers are easily accessible on formal platforms like ... Shah made a full-time career on Dalal Street, with the help of her husband after being a homemaker until a little after the turn of the century. She now manages financial assets with ...

forbesindia.com

15 IPOs to hit Dalal Street in April-June quarter; six likely in April
04/05/2021

With over 30 public offers garnering Rs 39,000 crore in FY21, amid signs of ample liquidity, the primary market is expected to remain active in FY 2021-22 as well; blockbuster LIC IPO expected later i

moneycontrol.com

Sensex, Nifty start FY22 with over 1% gain; RBI MPC, corporate earnings on investors’ radar next week
04/01/2021

BSE Sensex and Nifty ended the first day of the new fiscal on a positive note, rising over one per cent. On the day of the expiry of the weekly F&O contracts, the 30-share Sensex soared 521 points to 50,

MSN


Private Funds Structure

Fund Type Count GAV
Hedge Fund 3 $765,998,369
Private Equity Fund 2 $31,135,505

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Private Funds



Employees




Brochure Summary

Overview

A. General Description of Advisory Firm Dalal Street, LLC, which does business as Pabrai Investment Funds, is a limited liability company (the “Adviser”) that was formed on May 1, 2005 in California. Effective July 8, 2021, the Adviser converted from a California limited liability company to a Texas limited liability company. There was no practical change in control or management of the Adviser as a result of the conversion. The owner of the Adviser is Mohnish Pabrai. The Adviser provides investment management services to limited partnerships or companies (each, a “Client” or “Private Fund,” and, collectively, the “Clients” or “Private Funds”) organized under the laws of the United States or the British Virgin Islands. The Adviser serves as general partner to or manager of each Client and tailors its advisory services as described in the relevant Client’s private placement memorandum and/or as set forth in such Client’s organizational documents. Please refer to Item 8 for a more detailed description of the Adviser’s management strategies as well as the securities and other instruments purchased by the Adviser on behalf of the Clients. As of the date hereof, the Adviser provides investment management services to the following Clients: The Pabrai Investment Fund II, L.P., Pabrai Investment Fund 3, Ltd., The Pabrai Investment Fund IV, L.P. (collectively “Pabrai Funds”), Dhandho Holdings Offshore Ltd., operating as a master-feeder structure, investing substantially all of its assets within Dhandho Holdings, L.P.,
and Dhandho Holdings Qualified Purchaser, L.P., a parallel fund to Dhandho Holdings L.P. (collectively “Dhandho Holdings”). The Adviser also manages two proprietary accounts. B. Description of Advisory Services See Item 8. C. Availability of Customized Services for Individual Clients The Adviser tailors its advisory services as described in the relevant Client’s private placement memorandum and/or as set forth in such Client’s organizational documents. The Adviser may provide co-investment opportunities to certain underlying investors in Dhandho Holdings (each, a “Dhandho Holdings Investor” and collectively with the underlying investors in the Pabrai Funds, the “Investors”) but need not make such investment opportunities available to all Dhandho Holdings Investors pro rata or on a uniform basis. Advisory services for each Client are not tailored to the individual needs of Investors. Investors may not impose restrictions on the Adviser with respect to the investments it makes on behalf of the Clients. Persons reviewing this Form ADV Part 2A should not construe this as an offering of any of the Clients described herein, which will only be made pursuant to the delivery of a private placement memorandum to prospective investors. D. Wrap Fee Programs The Adviser does not participate in wrap fee programs. E. Assets Under Management The Adviser’s collective Client regulatory assets under management as of December 31, 2023 were $798,274,634, all of which are managed on a discretionary basis.