Valley Forge Capital Management

Valley Forge Capital Management, LP, established in August 2009, is an investment management firm based in Miami, FL. The firm specializes in providing advisory services on a discretionary basis to privately offered pooled investment vehicles for accredited investors. Valley Forge aims to achieve long-term capital appreciation while minimizing risk and potentially outperforming the S&P 500 Index. The firm's investment strategy involves selecting undervalued companies for long positions and overvalued companies for short positions, primarily in equities and equity-related instruments. Valley Forge manages approximately $4.6 billion in regulatory assets under management as of December 31, 2024, on a fully discretionary basis. For fees, each fund pays a monthly management fee of 1.00% annually, with the General Partner entitled to a performance allocation of 20% of the annual increase in the net asset value of each investor's capital account. Valley Forge may use soft dollars for research services. The firm has investment discretion over client accounts and accepts discretionary authority to manage securities accounts. Valley Forge has voting authority over client securities and has established policies to vote proxies in the best interests of clients. The firm does not have custody of the assets of the Sub-Advised Fund but holds assets of the VF Fund with qualified custodians. Valley Forge has not had any material changes since its last annual amendment to Form ADV in 2024 and has no disciplinary information or financial conditions impacting its ability to meet commitments.