North Island Ventures

North Island Ventures, LLC is an investment adviser specializing in providing investment management services to private pooled investment vehicles, focusing on early-stage technology-related companies such as those in the blockchain, cryptocurrency, enterprise software, and fintech sectors, as well as cryptocurrencies and other digital assets. The firm was founded in 2020 and is owned by Travis Scher, Glenn Hutchins, and James Hutchins. The firm manages Regulatory Assets Under Management totaling $292,845,049 as of December 31, 2022, on a discretionary basis. Clients should be aware of the risks associated with venture capital investing, including high business and financial risk, lack of diversification, and long-term investment horizons. Fees are charged up to 2.5% of a Fund's committed capital or an investor's capital account balance, with management fees paid quarterly in advance. The firm has adopted a Code of Ethics to address potential conflicts of interest and requires employees to act in the best interests of the Funds. NIV has custody of client funds and securities and accepts discretionary authority over client portfolios. The firm generally votes proxies in line with company management but may vote against proposals that do not maximize value for the Funds. NIV does not receive compensation for client referrals and has not been subject to any disciplinary events or bankruptcy petitions.