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Adviser Profile

As of Date 03/15/2024
Adviser Type - Large advisory firm
Number of Employees 6
of those in investment advisory functions 5
Registration SEC, Approved, 07/19/2013
AUM* 352,053,346 7.33%
of that, discretionary 352,053,346 7.33%
Private Fund GAV* 352,053,345 1.39%
Avg Account Size 88,013,337 -46.34%
SMA’s No
Private Funds 4 2
Contact Info 404 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

Recent News

Reported AUM

Discretionary
Non-discretionary
335M 287M 239M 191M 143M 96M 48M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$81,497,279
Fund TypeOther Private Fund Count3 GAV$270,556,066

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Brochure Summary

Overview

Privet Fund Management LLC (“Privet”) was organized on February 1, 2007, as a Delaware limited liability company. Ryan Levenson, Managing Member, and Glover & Co. LLC, Member, each individually own more than 25% and collectively own more than 50% of Privet. Glover & Co. LLC. is majority owned by Sanford Taylor Glover. Privet is the General Partner (“GP”) of Privet Fund, LP and investment manager (“Manager”) for Privet Capital Investments II, LP; Privet Capital Investments III, LP; and Privet Capital Investments IV, LP (each a “Fund” or collectively, the “Funds”). In its capacity as the GP and Manager of the Funds, Privet has overall responsibility for managing and administering the business and affairs of the Funds and implementing a continuous investment management program that includes trading decisions on behalf of the Funds. Privet Fund LP (“PFLP”) seeks to invest primarily in small and mid-sized public and private companies, which the General Partner believes has the potential to achieve earnings, cash flow and returns beyond what is expected by other investors in the market. PFLP also seeks to capitalize on perceived inefficiencies in the marketplace by acquiring securities trading at low valuations relative to comparable larger companies. PFLP offering memorandum allows for investments in larger public companies, private companies, debt securities, convertible securities, options and warrants, foreign currencies, futures, and commodities. PFLP’s investments can include securities or assets that are illiquid or lack a readily ascertainable value. Additional investment information regarding the Fund’s
investment program is available in the PFLP Confidential Private Placement Memorandum (the “PFLP Memorandum”). Privet Capital Investments II, LP (“PCI2while currently closed to new investors, co-invest alongside Privet Fund, LP. PCI2’s objective is to invest and deal in securities of a target company, which can be made directly through one or more holding vehicles (the “Investment”). PCI2 can otherwise engage in transactions in connection with mergers, consolidations, acquisitions, transfers of assets, tender offers, exchange offers, recapitalizations, going-private transactions, restructuring transactions, liquidations or any other similar restructuring with respect to the Investment. Privet Capital Investments III, LP (“PCI3”) and Privet Capital Investments IV, LP (“PCI4”), while currently closed to new investors, co-invest alongside PCI2. Additional investment information regarding the Fund’s investment program is available in the respective Limited Partnership agreements. All Funds’ investments are tailored to each of the respective Fund’s investment objectives and limitations described in their private placement memorandum. Investment restrictions for the Funds are established in the offering documents of the applicable Fund, which are provided to each investor prior to investing in the Fund. Once invested in a Fund, investors cannot impose restrictions on the types of securities in which the Fund invests. While the firm allows for side letters, the funds do not currently have any side letters. As of December 31, 2023, Privet manages $352,053,346 in discretionary regulatory assets under management.