CCM, a Delaware limited liability company and a registered investment adviser, and its
affiliated investment advisers provide investment advisory services to private investment funds
and special purpose vehicles that are privately offered to qualified investors in the United States
and elsewhere. CCM commenced operations in May 2021.
The following entities are affiliated with CCM:
• Corner Ventures Israel Fund Management, LLC
• Corner Ventures Management, LLC
(each, a “Manager” and, collectively, together with any future affiliated manager or general
partner entities, the “Managers”). CCM’s business also includes Corner Venture Partners, LLC,
a Delaware limited liability company, which is an affiliate of CCM and is listed as a “relying
adviser” on CCM’s Form ADV Part 1 (“Corner Venture Partners” and, together with CCM, the
Managers and any future managers or general partners that may be formed from time to time,
“Corner Capital”).
Each Manager and Corner Venture Partners is subject to the Advisers Act pursuant to
CCM’s registration in accordance with SEC guidance. This Brochure also describes the business
practices of the Managers and Corner Venture Partners, which operate as a single advisory
business together with CCM. Each Manager has the authority to make the investment decisions
for the Funds to which it provides advisory services. CCM provides the day-to-day advisory
services for the CCM Funds (as set forth below), and Corner Venture Partners provides the day-
to-day advisory services for the Corner Venture Partners Funds (as set forth below).
Corner Capital’s clients include the following (each, a “Fund” and, together with any
future private investment fund or special purpose vehicle to which Corner Capital and/or its
affiliates provide investment advisory services, the “Funds”):
CCM Funds
• Corner MIO I, LLC
• Corner TIO I, LLC
• Corner TIO II, LLC
• Corner TIO III, LLC
• Corner TIO IV, LLC
• Corner Digital Freedom Fund, LP (f/ka/ Corner Digital Co., LP)
• Corner MZL, LLC
• Corner MBL I, LLC
• Corner CYS I, LLC
• Corner Uncorrelated-Hack Helium, LLC
• Corner SFL, LLC
• Corner Support Fund, LP (f/k/a Corner Capital Secondaries Fund, LP)
• Corner LEO, LLC
Corner Venture Partners Funds
• Corner Union, LLC
• Corner Ventures DAG Fund I, L.P.
• Corner Ventures DAG Fund I-A, L.P.
• Corner Ventures DAG Fund I-C, L.P.
• Corner Ventures DAG Fund I-CI:Z, LLC
• Corner Ventures DAG Fund I-J, LLC
• Corner Ventures DAG Fund I-R, LLC
• Corner Ventures DAG Fund I-S, LLC
• Corner Ventures DAG Fund I-T, LLC
• Corner Ventures DAG I-U, LLC
• Corner Ventures DAG Principals Fund, LLC
• Corner Ventures Israel Fund I, L.P.
• Corner Ventures Israel Fund I-A, L.P.
• Corner Ventures Israel Fund I-B, L.P.
• Corner Ventures Israel Fund I-C, L.P.
The Funds are primarily venture capital funds and invest
through negotiated transactions
in operating entities, generally referred to herein as “portfolio companies,” or in Digital Assets (as
defined herein). Corner Capital’s investment advisory services to the Funds consist of identifying
and evaluating investment opportunities, negotiating the terms of investments, managing and
monitoring investments and achieving dispositions for such investments. Although investments
are made predominantly in non-public companies, investments in public companies are permitted.
Where such investments consist of portfolio companies, the senior principals or other personnel of
Corner Capital or its affiliates generally seek to serve on such portfolio companies’ respective
boards of directors or otherwise act to influence control over management of portfolio companies
in which the Funds have invested.
Corner Capital’s advisory services to the Funds are detailed in the relevant private
placement memoranda or other offering documents (each, a “Memorandum”), limited partnership
or other operating agreements of the Funds (each, a “Fund Agreement” and, together with any
relevant Memorandum, the “Governing Documents”) and are further described below under
“Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds 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 between Corner Capital and any investor. The Funds
or the Managers generally enter into side letters or other similar agreements (“Side Letters”) with
certain investors that have the effect of establishing rights under, or altering or supplementing the
terms (including economic or other terms) of, the Governing Documents with respect to such
investors.
Additionally, as permitted by the Governing Documents, Corner Capital expects to provide
(or to agree to provide) investment or co-investment opportunities (including the opportunity to
participate in co-invest vehicles) to certain current or prospective investors or other persons,
including other sponsors, market participants, finders, consultants and other service providers,
portfolio company management or personnel, Corner Capital’s personnel and/or certain other
persons associated with Corner Capital and/or its affiliates (e.g., a vehicle formed by Corner
Capital’s principals to co-invest alongside a particular Fund’s transactions). Such co-investments
typically involve investment and disposal of interests in the applicable portfolio company at the
same time and on the same terms as the Fund making the investment.
As of December 31, 2023, Corner Capital managed $749,791,788 in client assets on a
discretionary basis. CCM is controlled by Marvin Tien and Jane Mathieu and Corner Venture
Partners is controlled by John Cadeddu and Marvin Tien.