Kosmos Management LLC (“Kosmos,” the “firm,” “we”, “us” or “our”), a Delaware limited
liability company, was founded in April, 2011. G. Chris Kosmos and certain of his family
members are the principal owners of, and control, Kosmos.
Kosmos currently provides both discretionary and non-discretionary investment management
services related to a specific limited investment strategy to seven funds organized as Delaware
limited partnerships. Either Kosmos Funds LLC or Kosmos Funds KUV LLC, each an affiliate,
are the general partner of three of these partnerships (the “General Partner”). The Funds’
investment strategy is to generate a stable income stream by investing in life settlement policies
and annuities in accordance with certain criteria specified in the governing documents and
agreements pertaining to each partnership.
Kosmos does not currently manage any other investment entities or separate accounts but
anticipates that it may provide investment advisory service to separately managed accounts and
may launch new investment funds in the future that employ the same or similar investment strategy
(each such separate account or fund, together with the Funds, a “Fund” and collectively, the
“Funds”). Kosmos currently limits its advisory services to the types of investments used in the
investment strategy described above.
The terms for each Fund are disclosed in detail in the relevant client agreements and/or Fund’s
offering documents that are
provided to prospective investors prior to investment. Each Fund will
be managed in accordance with the investment objectives, strategies and guidelines and the terms
and conditions of investment, set out, to the extent applicable, in their respective organizational,
governing and other related documents (together, the “Governing Documents”). A prospective
Fund Investor must consider whether a Fund is an appropriate investment, including with respect
to such Fund Investor’s investment objectives and risk tolerance.
Kosmos treats each Fund as an “advisory client” or “client.” A single investor Fund may be
structured with Investor-imposed restrictions that limit the discretionary authority of Kosmos and
tailor the advisory service to the needs of the client. With respect to pooled Funds, Kosmos neither
tailors its advisory services to the individual needs of investors in the Funds (each, a “Fund
Investor”) nor generally accepts Fund Investor-imposed investment restrictions with respect to the
Funds. Kosmos may take into consideration the general characteristics of its target Fund Investors,
but not necessarily the characteristics of any specific Fund Investor. An investment in a Fund does
not, in and of itself, create a client-adviser relationship between any Fund Investor and Kosmos.
As of December 31, 2023, Kosmos had approximately $112,000,000 of assets managed on a non-
discretionary basis and $1,304,000,000 of assets under discretionary management.