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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 8
of those in investment advisory functions 8 33.33%
Registration SEC, Approved, 04/18/2023
Other registrations (2)
Former registrations

DEEPWORK CAPITAL, LLC

AUM* 200,944,057 33.10%
of that, discretionary 64,557,253 55.20%
Private Fund GAV* 199,840,222 37.02%
Avg Account Size 25,118,007 33.10%
SMA’s No
Private Funds 6
Contact Info 407 xxxxxxx
Websites

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
109M 94M 78M 63M 47M 31M 16M
2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeVenture Capital Fund Count5 GAV$199,312,469
Fund TypeOther Private Fund Count1 GAV$527,753

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Brochure Summary

Overview

4.1 Firm Description and Principal Owners DeepWork Capital, LLC (“DeepWork”) is a Registered Investment Adviser, located in Orlando, FL, and was formed as a Florida limited liability company on January 25, 2018, as the successor to FAN Management Partners, a Florida limited liability company formed in April 2015. DeepWork is principally owned by the following individuals (“Principals”): Benjamin Patz, CDR # 7370006 Mitchel Laskey, CRD # 7370012 i-Ting Kathy Chiu, CRD # 7370014 4.2 Services Offered DeepWork’s services for venture capital funds, private funds and other pooled investment vehicles (sometimes referred to as “clients” or “funds” herein) include, but are not limited to, selecting investments for acquisition, disposing of selected investments, managing risk and servicing assets. DeepWork acts as an investment adviser to the funds, and, in some instances, DeepWork and its affiliates act as general partners to the funds. As appropriate, references to we, us, our and DeepWork include the general partners that service any of the funds. DeepWork’s services include selection, monitoring, review, and disposition of portfolio assets on a discretionary basis. The client and DeepWork enter into an Investment Management Agreement (“IMA”) prior to the commencement of DeepWork managing the client’s portfolio. The IMA sets out the terms of the engagement, including the investment objectives and fees to be charged, which remain subject to review throughout the relationship. DeepWork continuously reviews the funds’ portfolios to ensure that they meet the funds’ investment objectives and investment strategies. DeepWork creates and manages a portfolio based on these objectives and strategies. DeepWork creates a portfolio consisting of some or all the following:
equities, equity equivalents (such as Simple Agreement for Future Equity), notes (such as convertible for equity or promissory), and selective third-party funds. DeepWork allocates the client’s assets among various investments, taking into consideration the overall risk profile and portfolio construction objectives of the client. Portfolio allocations are determined by each client’s individual needs and circumstances, including tolerance of risk. Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by the client on an as-needed basis. Conflicts of interest are disclosed to the client by way of a conflict disclosure in the IMA, this brochure or a separate document. Where specific conflicts are identified, these will be managed in accordance with our conflict management policies and disclosed to the client. 4.3 Tailored Relationships DeepWork’s management tailors services to the specific needs of the client. The investment objectives and desired portfolio investments for each client are documented in the IMA and reviewed periodically. DeepWork’s clients are allowed to impose restrictions on the investments in their account and DeepWork may accept any reasonable limitation or restriction to discretionary authority on the account Investment Adviser Brochure| DeepWork Capital, LLC | January 2024 5 placed by the client. All limitations and restrictions placed on accounts must be fully documented in the IMA or presented to DeepWork in writing. 4.4 Wrap Fee Programs DeepWork does not participate in Wrap Fee Programs. 4.5 Assets Under Management As of December 31, 2023, DeepWork manages $200,944,057 of assets, of which $64,557,253 is managed on a discretionary basis, and $136,386,804 is managed on a non-discretionary basis.