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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 69 1.47%
of those in investment advisory functions 67 1.52%
Registration SEC, Approved, 02/28/2014

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
12B 10B 8B 7B 5B 3B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count7 GAV$10,010,100,000
Fund TypeVenture Capital Fund Count32 GAV$4,939,800,000

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Brochure Summary

Overview

Impresa Management, a Delaware limited liability company with its principal office located in Boston, MA, was formed in 2012 and commenced business on March 1, 2014, the date its registration as an investment adviser with the SEC became effective. Impresa Management advises Funds (as defined below) that were established, among other purposes, to benefit certain employees, officers, and directors of FMR LLC and its affiliates, and to enable such personnel to participate in a wide variety of investment opportunities. Abigail P. Johnson and Edward C. Johnson IV, as trustees of various trusts for the benefit of members of the Johnson family, are principal owners of Impresa Management. Impresa Management is (i) general partner or manager for certain limited partnerships and limited liability companies (“Investor Entities”); and (ii) general partner or manager (either directly or indirectly through subsidiary entities) and/or investment adviser to certain collective investment entities in which the Investor Entities invest and to funds or other special purpose vehicles that co-invest or hold investments alongside such collective investment vehicles (“Private Funds” and together with the “Investor Entities” will be referred to herein as either the “Funds” or “Clients”). All Funds are exempt from registration under the Investment Company Act of 1940, as amended and their securities are not registered under the Securities Act of 1933, as amended. The Investor Entities, either directly or through one or more Private Funds or third party funds, seek to invest in equity or debt securities across multiple industries and asset classes, including, among others: biotechnology, technology, telecommunications, therapeutics, energy and natural resources (including oil, gas and timber), renewable energy, carbon sequestration, agriculture, real estate, blockchain or other crypto related businesses, consumer products, disruptive science (including aerospace, biology, climate tech, next-gen computing, and manufacturing and materials), and alternative investments, including collateralized loan obligations (“CLOs”). Impresa Management determines, in its sole discretion, subject to restrictions set forth in the organizational documents and/or investment management agreement
of each Fund, the investments or capital commitments made by the Investor Entities (including commitments to certain of the Private Funds or third-party funds), and the investments or capital commitments made by each of the Private Funds. The Investor Entities may invest a significant portion of their assets in one or more of the aforementioned asset classes. Impresa Management has in the past delegated investment discretion to one sub-adviser for the management of certain portfolios for the Funds. However, this relationship is winding down and Impresa Management does not anticipate entering into sub-advisory arrangements in the future. Impresa Management’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Funds, managing and monitoring the performance of such investments and disposing of such investments. The Funds generally make investments in private companies, purchased and sold in privately negotiated transactions, and generally do not purchase publicly traded securities. From time to time, one or more Funds also invest in or hold publicly traded securities, which are typically acquired as the result of a private company’s initial public offering, through its acquisition by a public company, or distribution by other Funds. Furthermore, certain Funds invest a significant portion of their assets in money-market instruments, money-market mutual funds, and/or hold cash or cash equivalents in such amounts as Impresa Management deems appropriate. Impresa Management provides discretionary advisory services, including cash management, to certain affiliated entities. Impresa Management uses the name F-Prime Inc. (DBA F-Prime Capital Partners) as an additional name under which it conducts its investment advisory activities. Certain personnel of FMR LLC-affiliated entities who use the name F-Prime Inc. (DBA F-Prime Capital Partners) engage in investment advisory activities conducted on behalf of, and through, Impresa Management. As of December 31, 2023, Impresa Management managed $11,771,000,000 of client assets on a discretionary basis. As of December 31, 2023, Impresa Management did not manage any non- discretionary client assets.