Tr Capital Management, LLC

TR Capital Management, LLC is a private advisory firm established in September 2009, specializing in investment management services for private pooled investment vehicles and managed accounts. The firm focuses on investments primarily in claims against bankrupt companies, known as "trade claims," with the aim of buying discounted trade claims for profit post-bankruptcy. TR Capital Management has full discretionary authority over investment decisions and provides services in accordance with specific investment objectives and guidelines outlined in offering documents. The firm is a wholly owned subsidiary of TR Holdings LP, with Terrel Ross as the majority interest holder. TR Capital Management manages various private investment funds, including TRC Optimum Fund LLC, TR Capital LLC, and others, along with separately managed advisory accounts. The minimum initial capital contribution for investors in the Funds is generally $500,000. Management fees for the Funds range from 1.0% to 2.0% per annum, with performance allocations between 15% and 20%. The firm does not participate in wrap fee programs and had approximately $149,576,000 in regulatory assets under management as of December 31, 2024. TR Capital Management conducts monthly reviews of client accounts and provides quarterly performance reports to clients and investors. The firm has adopted a Code of Ethics to ensure compliance with ethical standards and has policies in place to address potential conflicts of interest. Additionally, the firm has detailed risk factors associated with its investment strategies, including risks related to distressed investments, market conditions, and cybersecurity.