Overview
A. The Adviser is an investment advisory firm located in New York that specializes in providing
investors with a diversified “fund of funds” pool of uncorrelated private niche investment fund
interests. The Adviser provides investment advisory services on both a discretionary and non-
discretionary basis to both private funds (each, a “Fund”) and separately managed accounts to
high-net-worth individuals (each, a “Separate Account”) (together, the “Clients”). The
Adviser’s Funds are structured as limited partnership vehicles in which investors are limited
partners and an affiliate of the Adviser serves as the general partner. In some instances, the
Adviser may establish Separate Accounts pursuant to investment management agreements
directly with the underlying investors. The Adviser does not have investment discretion over
the Separate Accounts.
The Adviser was formed in 2019 by Andrew Eberhart, the “Principal”.
B. Investment advisory services include working with the
Client to establish an investment
objective and selecting portfolio investments utilizing the Adviser’s overall investment
strategy, which focuses on private niche investments. Each Client portfolio is managed
pursuant to an investment management agreement with the Client, any investment guidelines
attached thereto, the Client’s investment policy, and any applicable regulations.
C. While each of its Clients will follow the general strategy stated above, the Adviser may tailor
the specific advisory services with respect to each Client based on the particular investment
objectives and strategies described in the applicable Client’s (i) confidential offering
memorandum and (ii) governing documents (referred to collectively as “Offering
Documents”).
D. The Adviser does not participate in wrap fee programs.
E. As of December 31, 2022, the Adviser managed approximately $75,916,685 in discretionary
assets and $14,242,652 in non-discretionary assets.