Eso Management Services LLC

ESO Management Services, LLC is a registered investment adviser specializing in venture capital and private equity investments. Established in October 2011, the firm manages a series of ESO venture capital funds that invest in private technology-related companies primarily in the United States. The firm's owners are Scott S. Chou, James D. Lackie, and Stephen M. Roberts. ESO Management Services, LLC serves as the investment manager to the Funds, with total regulatory assets under management of approximately $390,573,580 as of December 31, 2024, on a discretionary basis. The fee structure includes a quarterly asset-based management fee typically ranging between 0% and 2.5% for the Funds, along with performance-based fees for the General Partners based on realized profits. The minimum initial investment for qualified investors varies by Fund but generally falls within the range of $100,000 to $25,000,000, subject to waiver at the discretion of ESO Management Services, LLC. The firm acts as a fiduciary for the Funds, making all major investment decisions based on each Fund's objectives, strategies, and policies. ESO Management Services, LLC does not participate in wrap fee programs and does not accept directed brokerage arrangements. The firm exercises investment discretion over the Funds, selecting investments through privately negotiated transactions. The firm's investment strategy focuses on sourcing opportunities from its network in Silicon Valley and other key relationships, with a primary emphasis on revenue growth, capitalization structure, and management quality. Clients receive quarterly unaudited reports and annual audited financial statements for each Fund.