424 Capital, LLC

424 Capital, LLC, established in 1998 as Brook Venture Management, Inc, is an asset management firm specializing in private pooled investment vehicles. The firm, based in Wakefield, Massachusetts, operates under SEC guidance and provides discretionary portfolio management services to Private Investment Funds. Investors in these funds must meet suitability requirements such as being an Accredited Investor or Qualified Client. As of December 31, 2024, the firm managed $396,669,303 in regulatory assets on a discretionary basis. Fee structures vary among funds, including fixed fees, management fees, and performance fees. The firm's investment strategy focuses on acquiring profitable, founder-owned businesses in the lower middle market, targeting companies with scalable models and defensible market positions. Investment decisions are based on thorough due diligence and risk mitigation efforts. Potential risks include general economic conditions, illiquidity, management risk, and competition. The firm's Code of Ethics ensures high standards of conduct and fiduciary duty. The Adviser has investment discretion over fund assets and maintains custody through independent qualified custodians. The firm does not receive economic benefits from third parties for advisory services and has no disciplinary history. Clients receive regular reports on portfolio performance, and the firm reviews investments annually to ensure alignment with fund objectives.