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Adviser Profile

As of Date 09/06/2024
Adviser Type - Large advisory firm
Number of Employees 38 -19.15%
of those in investment advisory functions 17 -10.53%
Registration SEC, Approved, 04/29/2022
Other registrations (1)
Former registrations

ANTHEMIS CAPITAL MANAGERS LIMITED

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
740M 634M 529M 423M 317M 211M 106M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeVenture Capital Fund Count4 GAV$487,430,372

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Brochure Summary

Overview

Anthemis Capital Managers Limited (“Anthemis”, the “Adviser”, the “Firm” or “Anthemis”) a United Kingdom limited company with its principal office and place of business in London, United Kingdom was formed in June 2015. Anthemis is indirectly wholly-owned by Anthemis Group SA, a Luxembourg based holding company, for the purpose of carrying out certain investment advisory business. Anthemis is authorized and regulated by the UK Financial Conduct Authority. Anthemis provides discretionary investment advisory services to private, pooled investment vehicles. Anthemis’ clients include the following (each, a “Fund,” some of which may include feeder investment vehicles which are also considered to be clients, and together with any future private investment fund to which the Advisor (as defined below) or its affiliates provide investment advisory services, the “Funds”):
• Anthemis Insurance Venture Growth Fund, S.C.Sp (“AIVG”)
• Anthemis Venture Fund I LP (“AVF”)
• Anthemis Venture Fund II S.C.Sp (“AVFII Master”)
• Anthemis Venture II Feeder Fund SCSP (“AVFII Feeder”)
• Anthemis Venture II US Feeder Fund LP (“AVFII US Feeder”, together with AVFII Master and AVFII Feeder, “AVFII”)
• Anthemis Venture Fund III LP (“AVFIII")
• Female Innovators Lab L.P. (“Female Innovators”) Additionally, Anthemis provides sub-advisory investment services to private investment funds (the “Sub-Advised Accounts”, and together with the Funds, “Clients”). Anthemis follows the investment objectives, guidelines and restrictions set forth in the applicable governing and/or offering documents of each Fund. The Funds invest through negotiated transactions in privately held growth companies (such investments generally referred to herein as “portfolio companies”). Anthemis does not limit its investment advice to only certain types of investments. Anthemis’ advisory services are provided to the Funds pursuant to the terms of a separate management services agreement between Anthemis and each Fund, which management services agreement may be incorporated within the Governing Documents. Certain Anthemis affiliates serve as the General Partners to the Funds (the “General Partners”). Additionally, each Fund has a founding partner (“Founding Partner”) which receives a carried
interest payment, as described below in Item 5. Throughout this Brochure, reference to Anthemis should be deemed to include reference to the “General Partners,” as the affiliates are under common control and provide services substantially through the same persons. The Funds do not offer interests to the public, and Fund interests are only offered in private placements to accredited investors. The terms applicable to investors in the Funds are detailed in the Funds’ confidential offering documents, which are provided to prospective investors. Please see Item 8.A. for additional information regarding the Firm’s investment strategy. Anthemis will tailor its specific advisory services with respect to each Fund based on the particular investment objectives and strategies described in, for example, a Fund’s confidential offering memorandum (if any), limited liability company operating agreement, account opening, investment advisory/management services agreement and other related documents (referred to collectively as the “Governing Documents”. Investors in each Fund participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the Governing Documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship among the Advisor and/or any investor. Each Fund or the relevant General Partner generally enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights (including economic or other terms) under, or altering or supplementing the terms of, the Governing Documents with respect to such investors. Anthemis’ investment management and advisory services to its Clients are provided pursuant to the terms of the applicable Governing Documents and investors cannot obtain services tailored to their individual specific needs. Anthemis does not participate in a wrap fee program. As of December 31, 2023, Anthemis manages approximately $608,853,513 in regulatory assets under management on a discretionary basis. Anthemis does not intend to manage any Client assets on a non-discretionary basis.