Firm Overview
424 Capital, LLC (“424”) is an asset management firm providing services to private pooled investment
vehicles. 424 Capital, LLC was originally founded under the name of its predecessor in 1998 as Brook
Venture Management, Inc (“BVM, Inc”). In 2019, 424 Capital LLC completed an organizational spin-out
and became an independent firm. 424 Capital LLC is headquartered in Wakefield, Massachusetts and is
registered as an investment adviser in accordance with SEC guidance under the Investment Advisers Act
of 1940, as amended. 424 Capital, LLC and Brook Venture Management, Inc (collectively the “Adviser”
or “Firm”) are under common control and operate as a single advisory business.
Firm Ownership
424 Capital, LLC is owned by Principals/Managing Partners Walter Beinecke, Brennan Mulcahey, and
Kyle Stanbro (“Managing Partners”).
Brook Venture Management, Inc is owned by Principal Walter Beinecke.
Firm Offerings
The Adviser provides discretionary portfolio management services to private pooled investment vehicles
(the “Private Investment Funds”) in accordance with the investment guidelines set forth in each Private
Investment Fund’s
applicable limited partnership agreements, investment management agreements,
operating agreements, offering memoranda, and other such agreements (the “Governing Documents”). The
Firm is responsible for the investment decisions and performance of the Private Investment Funds. The
Firm does not tailor its investment advice to the needs of investors in the Private Investment Funds.
Investors are required to meet certain suitability requirements, such as being an “Accredited Investor”, a
“Qualified Client” and/or a “Qualified Purchaser” as defined under federal laws. Investors interested in a
Private Investment Fund should refer to the Private Investment Fund’s Governing Documents for important
information regarding the Private Investment Fund’s investment objectives, risks, fees, and additional
disclosures for a complete understanding of the terms and conditions for investing in the relevant Private
Investment Fund.
Wrap-Fee Program
The Adviser does not participate in any wrap fee programs.
Assets Under Management
As of December 31, 2023, the Adviser had $297,918,744 of regulatory assets under management. All assets
are managed on a discretionary basis.