Pricap Advisors LLC

PriCap Advisors LLC is an investment adviser based in New York City, established on January 1, 2009. The firm specializes in providing advisory services on a discretionary basis to individuals and institutions with separately managed accounts. PriCap Advisors primarily manages portfolios investing in corporate fixed income securities, with potential investments in equities, fixed income, and equity mutual funds and exchange-traded funds. The firm focuses on evaluating and selecting fixed income securities issued by corporations with credit ratings below investment grade. Client portfolios are diversified by issuer and industry to mitigate exposure risks. The minimum initial investment required to open an account is $1,000,000, with a minimum account size maintenance of $1,000,000. The firm charges investment management fees based on the value of client assets under management, with fees prorated for new accounts or withdrawals during a quarter. PriCap Advisors acts as a fiduciary, providing tailored advisory services based on specific investment objectives and strategies. The firm's investment strategies include fundamental value and buy-and-hold approaches, with a focus on fundamental credit analysis of fixed income securities. Clients should be prepared for potential risks associated with fixed income and debt securities, distressed securities, illiquid instruments, asset-backed securities, and non-U.S. securities. PriCap Advisors exercises investment discretion for client accounts, with a monthly review of each account's performance and holdings. The firm may participate in cross transactions between client accounts and has procedures in place to address trade errors and breaches of investment guidelines. Clients receive individual reports detailing holdings and transactions in their portfolios on a monthly basis from their respective custodians. PriCap Advisors follows a Code of Ethics that prioritizes clients' interests and prohibits the improper disclosure or use of confidential information. The firm may receive research or other services through soft-dollar arrangements, creating potential conflicts of interest. Clients should carefully review account statements received from custodians and compare them with reports provided by the firm. PriCap Advisors provides investment advisory services on a discretionary basis, with the authority to determine securities transactions and allocations based on client-specific factors. The firm may engage in cross transactions between client accounts, subject to certain restrictions, and has procedures in place to address trade errors and breaches of investment guidelines. PriCap Advisors generally invests in instruments without voting rights, but if voting rights are present, the firm complies with proxy voting policies to ensure votes are in clients' best interests.