Overview
Overview
The Company is a Puerto Rico limited liability company based in San Juan, Puerto Rico,
that provides investment advisory and management services solely to pooled investment vehicles
or funds, including Parliament High Yield Fund, LLC, a Puerto Rico limited liability company
(“PHYF”), Parliament Capital Series I, LLC, a Puerto Rico series limited liability company (“PCS
I”), Parliament Capital Series II, LLC, a Puerto Rico series limited liability company (“PCS II”),
Parliament Credit Opportunities Fund, LLC, a Puerto Rico limited liability company (“PCO”),
Parliament SBIC Growth Fund, LP, a Delaware limited partnership (“PSGF"), and Sunrise Capital,
LLC, a Puerto Rico series limited liability company (“Sunrise”) and collectively with PHYF, PCS
I PCS II, PCO, PSGF and Sunrise, the “Funds”). Messrs. Rodolfo Sánchez-Colberg, Luis M.
Cabrera-Marín and José R. Otero-Freiría are the Company’s Managing Members.
The Company was organized on December 16, 2009 and is a registered investment adviser
with the Securities and Exchange Commission (“SEC”). Its registration as an investment adviser
with the SEC does not imply a certain level of skill or training.
Messrs. Sánchez-Colberg, Cabrera-Marín and Mr. Otero-Freiría
are currently the
Company’s only equity owners.
Investment Advisory and Management Services
The Company offers investment management and advisory services solely to the Funds,
which are the Company’s direct clients, even as the Company works indirectly on behalf of the
members of the Funds that it advises. The Funds are exempt from registration under the Investment
Company Act of 1940, as amended (the “1940 Act”), and their securities are not registered under
the Securities Act of 1933, as amended (the “Securities Act”) based on a transaction exemption
thereunder. The Company currently provides these services on a discretionary basis in accordance
with each Fund’s investment objectives and policies.
The Company adapts its services to meet the needs of each Fund. The Company’s
relationship with each Fund is governed by a separate Investment Management Agreement which
allows each Fund to communicate general investment guidelines and limitations to the Company.
As of March 28, 2024, the Company has approximately $318,389,059 million of assets
under management, all of which are held within the Funds and managed on a discretionary and
non-discretionary basis in accordance with each Fund’s offering documents.