Prce Management LLC

PRCE Management, LLC is an alternative investment management firm specializing in closed-end mutual funds based in Puerto Rico. Established in August 2020, the firm manages assets on a discretionary basis, primarily investing in government-owned corporations, tax revenue bonds, and mortgage-backed securities. PRCE does not participate in wrap fee programs and manages approximately $26 million in assets as of September 30, 2024. The firm is operationally integrated with its affiliates, collectively managing around $262.2 million in assets. PRCE receives compensation from the Fund through a shared appreciation model and may enter into side letters with investors for specific rights. The firm's fee structure includes compensation from the Fund's appreciation and covers all reasonable costs and expenses incurred in connection with investments. PRCE may appoint broker-dealers for solicitation, with commissions or fees paid based on agreements. The firm may also charge performance-based fees for investment advisory services, complying with regulatory standards. PRCE discloses potential conflicts of interest and maintains a Code of Ethics to ensure client interests are prioritized. The firm does not have custody of client assets and provides regular reports to clients. PRCE exercises investment discretion and votes client securities in the best interest of clients, considering factors like cost and benefit analysis. The firm has no financial conditions impairing its ability to meet commitments and does not require prepayment exceeding $1,200 per client.