Pabrai Investment Funds

Pabrai Investment Funds, operating as Dalal Street, LLC, was established on May 1, 2005, in California and later converted to a Texas limited liability company. The firm specializes in providing investment management services to limited partnerships and companies, tailoring its services to each client's private placement memorandum. Pabrai Investment Funds manages various clients, including Pabrai Investment Fund II, L.P., Pabrai Investment Fund 3, Ltd., Pabrai Investment Fund IV, L.P., Dhandho Holdings Offshore Ltd., and Dhandho Holdings Qualified Purchaser, L.P. The firm also manages two proprietary accounts and previously acted as a subadvisor to Dhandho India Zero Fee Fund, L.P., and Dhandho India Zero Fee Fund Offshore Ltd. The minimum initial investment for Pabrai Funds is not specified, but the firm charges an advisory allocation of 25% of the increase in a client's net assets over an annual rate of 6%, subject to a "high water mark." Additionally, the firm charges an annual management fee of up to 1% for Dhandho Holdings. Pabrai Investment Funds has discretionary authority over client accounts, investing in a portfolio of securities traded on national exchanges and established financial markets. The firm's investment strategies include long-value strategies and investments in various securities, with a focus on U.S. and non-U.S. markets. The firm does not participate in wrap fee programs and had regulatory assets under management of $637,559,594 as of December 31, 2022. Mohnish Pabrai, the CEO and owner, has a background in Computer Engineering and extensive business experience, including founding successful companies and managing investment funds.