Silver Spike Capital

Silver Spike Capital LLC, established in January 2021, is a New York-based investment management firm specializing in providing advisory services to investment companies and private funds, focusing on the cannabis ecosystem. Led by Scott Gordon, Bill Healy, and Dino Colonna, the firm offers portfolio management and investment services to a business development company and private pooled investment vehicles. With $86,721,734 in assets under management as of 12/31/2022, Silver Spike tailors its services to clients' investment objectives, primarily focusing on making secured and subordinated debt investments in cannabis companies. The firm charges a management fee ranging from 1.00-2.0% of assets per annum and receives performance-based fees from the BDC and private funds. Silver Spike emphasizes due diligence in investment decisions, including financial evaluations and collateral valuation. The firm's investment strategies aim to provide long-term returns through debt investments in cannabis companies, with a focus on senior secured loans backed by tangible assets. Clients receive regular reports on portfolio holdings and valuation, ensuring transparency and accountability in investment management. Silver Spike operates under a Code of Ethics, ensuring compliance with securities laws and ethical conduct, and discloses potential conflicts of interest related to investment allocation and expense allocation among clients. The firm does not accept economic benefits for providing advisory services and maintains custody of client assets with qualified custodians. Silver Spike exercises investment discretion for managing client portfolios and votes proxies in the best interests of clients. The firm's financial condition is sound, with no history of bankruptcy proceedings.