Rand Advisors, LLC

Rand Advisors, LLC is a financial advisor firm founded in 2013 by John Honis and owned by Charitable DAF Holdings Corp. The firm specializes in providing advisory services to unregistered investment funds, including Rand Advisors Series I Insurance Fund, Rand PE Fund I, L.P., and Atlas IDF, LP. As of December 31, 2024, the firm managed $153,660,847 in total discretionary regulatory assets. Rand typically charges management fees based on each fund's agreements and may deduct fees directly from the funds. The firm does not charge performance-based fees. Rand's investment strategies include bank loan strategies, structured finance investments, and investments in small- to medium-sized companies. The firm's analysis methods involve rigorous qualitative and quantitative analysis, utilizing proprietary quantitative tools and third-party software. Potential risks associated with their strategies include credit, illiquid securities, inflation, and market volatility. Rand Advisors acts as a fiduciary and has established a Code of Ethics to ensure compliance with legal requirements and ethical business practices. The firm does not have any disciplinary information to disclose. Rand may pay referral fees to third parties and has custody of assets for certain funds held at qualified custodians. The firm manages client accounts on a discretionary basis and votes proxies in the best economic interests of clients. Financially, Rand has no impairments that would affect its ability to meet client commitments.