Benchmark Plus Management

Benchmark Plus Management, LLC, established in 2003, is a Delaware limited liability company registered with the SEC. The firm specializes in providing discretionary investment advisory and management services to private investment funds, focusing on fund of hedge funds or managed accounts structures. Benchmark serves as the general partner, managing member, or investment manager to various private investment funds, including Benchmark Plus Overseas Partners Fund, Ltd., and Benchmark Plus Overseas Institutional Partners, Ltd. The firm's investment strategy involves allocating assets to independent investment managers or investments in pooled vehicles managed by independent managers. Benchmark conducts extensive fundamental and quantitative analysis to evaluate investment strategies, focusing on factors such as strategy persuasiveness, competitive advantage, and performance evaluation. The firm's investment philosophy aims to provide superior risk-adjusted returns by diversifying across various investment strategies. Benchmark charges management fees ranging from 0.50% to 1% of net asset value and receives performance-based compensation annually, typically 15% to 30% of net profits. The firm's fees are generally not negotiable, but Benchmark may waive or reduce fees for certain individuals or enter into side letter agreements with specific investors. Clients may not impose restrictions on investments, and Benchmark does not participate in wrap fee programs. As of December 31, 2024, Benchmark manages $947,414,604 of regulatory assets under management on a discretionary basis. The firm's investment discretion allows it to make purchase and sale decisions for clients without client approval. Benchmark's investment strategies involve various risks, including dependence on sub-managers, leverage, and illiquidity of investments. Clients receive regular reports and statements, and Benchmark's Code of Ethics ensures compliance with applicable laws and regulations. Benchmark does not have custody of client funds, and clients receive account statements directly from qualified custodians. The firm does not solicit prepayment of fees exceeding $1,200 or have financial conditions impairing its ability to meet contractual commitments. Benchmark has not been subject to a bankruptcy petition in the past ten years.