3b Capital Management, Lp

3B Capital Management, LP is a Dallas-based investment adviser established in September 2018 by Carl Baggett and Thomas Bonn. The firm specializes in providing advisory services on a discretionary basis to privately offered pooled investment vehicles, including the Base Rate Fund QP, L.P., Base Rate Fund, L.P., and Base Rate OE Fund, L.P. These funds employ a long/short volatility arbitrage investment strategy focusing on options relationships. The firm manages approximately $236,086,776 in assets under management as of December 31, 2024. Clients are generally accredited investors with a minimum investment requirement of $1,000,000. Fees for the Funds include a fixed management fee of 1.0% of the limited partner's capital account balance and a performance allocation of 20% of net profits. 3B does not participate in wrap fee programs and does not receive compensation for the sale of securities. The firm acts as a fiduciary and has a Code of Ethics in place to address potential conflicts of interest. The firm has no disciplinary events to disclose and does not engage in brokerage soft dollar arrangements. 3B has custody of client assets held by a qualified custodian and has discretionary authority over managing client securities. The firm votes proxies on behalf of clients and has a proxy voting policy in place. Clients can request information on how their securities were voted. 3B has not been subject to a bankruptcy petition in the past ten years.