Overview
A. Description of the Advisory Firm
Corazon Group LLC. (“Corazon” or the “Firm”), a Delaware limited liability company was
formed on June 9, 2016. The Firm’s principal owners are Sam Yagan, Steve Farsht, and their
respective families. The Firm’s management persons are Sam Yagan and Steve Farsht (the
“Managing Principals”). The Firm provides discretionary investment advisory services to
closed-end pooled investment vehicles and special purpose vehicles (each, a “Fund”
collectively the “Funds”) that are exempt from registration under the Investment Company
Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the
Securities Act of 1933, as amended (the “Securities Act”). Special purpose vehicles are
typically formed to invest only in the securities relating to the particular transaction or
strategy for which the special purpose vehicle was created.
B. Types of Advisory Services
Pursuant to each Fund’s organizational documents, Corazon invests primarily in the
securities of early-stage and later-stage privately held companies. Some Funds may also
invest in digital asset and cryptocurrency instruments (as further described in Item 8, below).
Such 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.
Corazon intends to manage other, similar vehicles in the future.
The Funds offer interests (“Interests”) to certain qualified investors. Current and prospective
investors in the Funds are referred to herein as “Investors.” Additional information about
Corazon’s Funds and their Investors is provided in Item 7, below.
C. Fund Tailored Services and Fund Imposed Restrictions
With respect to the Funds, Corazon has the authority to select which and how many securities
and other instruments to buy or sell without consultation with the Funds or their Investors.
Corazon’s advisory services to the Funds are tailored to the Funds in accordance with the
investment objectives, strategy and restrictions as set forth in the limited partnership
agreement and private placement memorandums of a Fund (each such document a
“Governing Document”).
D. Wrap Fee Programs
Corazon does not participate in wrap fee programs.
E. Amounts Under Management
Corazon manages the assets of the Funds and has the following assets under management:
Discretionary Amounts: Non-Discretionary Amounts: Date Calculated:
$ 257,685,037 $0 12/31/2023