Liquid Capital Management LLC

Liquid Capital Management, LLC is a registered investment adviser specializing in serving as an investment adviser to private investment funds. The firm was established on October 12, 2018, with trusts controlled by Jeffrey Le Sage, Robert Pitti, and Gregory Martin as principal owners. Liquid Stock's investment strategy focuses on achieving risk-adjusted returns through pre-IPO securities as collateral, primarily involving liquidity transactions with late-stage private issuers. The firm manages assets totaling $333,700,510 in discretionary amounts as of December 31, 2024. For fees, Liquid Stock typically charges a management fee of 1.5% - 2.0% per year of the investors' capital commitment and receives carried interest ranging from 10% - 20% of fund profits. The firm's compensation structure may be higher compared to other investment vehicles. Liquid Stock does not participate in wrap fee programs and bears third-party fees necessary for realizing clients' investment objectives. The firm acts as a fiduciary and has not been involved in any legal or disciplinary events that would impact its integrity. Liquid Stock reviews client accounts quarterly and has implemented a Code of Ethics to govern employees' activities and personal trading. The firm does not receive economic benefits from third parties for advice rendered to clients and has no financial conditions impairing its ability to meet commitments. Liquid Stock has not been subject to bankruptcy petitions in the last ten years.