Advanced Portfolio Management, LLC (“we,” “us,” “our,” the “Adviser,” the “Firm,” or the “Investment
Manager”) is an investment adviser with its principal place of business in New York, New York. The Adviser
commenced operations as an investment adviser on July 14th, 2004 and has been registered with the SEC
since January 23rd, 2006. Robert E. Kiernan III, the Chief Executive Officer, is the principal owner of the
Adviser.
We serve as the investment adviser to private, pooled investment vehicles, the securities of which are offered
through a private placement memorandum to accredited investors, as defined under the Securities Act of
1933, as amended, and qualified purchasers, as defined under the Investment Company Act of 1940, as
amended.
The Adviser manages the following private, pooled investment vehicles:
APM Thematic Equities LLC (“Thematic”)
The Adviser also serves as an investment adviser with discretionary trading authority over separately
managed accounts (the “SMAs”).
Clients have historically included banks, pension funds, insurance companies and endowments.
The investors are hereafter collectively referred to as the “Investors”
and individually, each an “Investor,”
where appropriate. The Master Fund, the Onshore Fund, and the Offshore Fund are herein referred to as a
“Fund” or collectively the “Funds.” The Funds and SMAs are collectively referred to as the “Client” or
“Clients” where appropriate.
Clients of the Adviser are large institutions, and the managed portfolios are customized based upon their
specific parameters. The Adviser invests in investment limited partnerships, investment limited liability
companies, private investment funds, derivatives, and other listed securities.
The Adviser provides advice to Client accounts based on specific investment objectives, risk parameters, and
investment strategies, and will tailor advisory services to the individual needs of its Clients. Clients may
impose restrictions on investing in certain securities or types of securities.
The Adviser currently does not participate in any Wrap Fee Programs.
As of December 31, 2023, the Adviser had approximately $2,101,021,778 of regulatory assets under
management, $143,708,778 are managed on a discretionary basis and approximately $1,957,313,000
managed on a non-discretionary basis.