Vanshap Capital, LLC

Vanshap Capital, LLC, established in March 2012, specializes in providing investment management services through its clients, Vanshap Capital Value Fund, LP, and Vanshap Capital Food Technology Fund I, LP. The firm, managed by David Shapiro and Evan Vanderveer, focuses on achieving long-term capital appreciation primarily by investing in small-cap global equity securities. Vanshap Capital acts in the best interest of clients, strictly following the investment strategy outlined in clients' Private Placement Memoranda. The firm manages approximately $80.8 million in discretionary assets as of March 1, 2025, with a fee structure that includes a 1.5% annual asset-based fee for the hedge fund client and a 15% performance-based profit allocation. The fund of funds client incurs a 10% performance-based profit allocation. Clients must meet minimum investment requirements of $1 million for the Value Fund and $100,000 for the Food Technology Fund. Vanshap Capital does not participate in wrap fee programs and does not receive transaction-based compensation. The firm exercises investment discretion, employing various analysis methods and strategies, including idea generation, quantitative and qualitative analysis, and portfolio construction. Clients are provided with regular account reviews, and the firm has custody arrangements with qualified custodians. Vanshap Capital also has a Code of Ethics in place and accepts discretionary authority to manage clients' securities accounts. The firm has a voting policy for client securities and does not solicit prepayment exceeding $1,200 in fees per client. Vanshap Capital has no financial conditions impairing its ability to meet commitments and has not been subject to bankruptcy proceedings.