Ascribe Management LLC

Ascribe Management LLC, established in 2006, specializes in managing private investment vehicles focused on stressed and distressed securities. As of December 31, 2023, the Ascribe Funds had $252,363,556 in assets under management. The firm was founded by Anthony Grillo and American Securities LLC. Ascribe charges management fees of up to 1.5% of invested capital for the life of the fund. The firm does not manage assets on a non-discretionary basis or participate in wrap fee programs. Clients typically have a minimum investment threshold of $5 million. Ascribe's investment strategy involves seeking investments in companies with over-leveraged capital structures that may benefit from restructuring. The firm's diligence process includes fundamental analysis and ongoing value maximization efforts. Ascribe's employees are subject to a Code of Ethics and are monitored for personal trading activities. The firm does not compensate individuals for client referrals but may pay for referral databases. Ascribe has custody of the Ascribe Funds' assets and exercises discretionary authority over investment decisions. The firm may vote on corporate actions on behalf of clients and may have employees serve on issuer boards. Ascribe has not been involved in any legal or disciplinary events and maintains financial stability.