1Sharpe Capital: Key Form ADV Changes and Current AUM of $2.76B

July 19, 2023

1Sharpe Capital LLC is an investment advisory firm, co-founded by Rob Bloemker and Gregor Watson in 2016. The firm is noted for its specialized services in investment advisory to an array of private domestic and offshore investment vehicles.

This includes an emphasis on credit funds and venture capital investments. The firm primarily manages private investment funds that make strategic investments in a diversified portfolio of loans and securities.

1Sharpe Capital reported significant changes in its Form ADV filings between March 2022 and July 2023. During this period, the total Assets Under Management (AUM) decreased by 7.05%, falling from $2.97B to $2.76B.

The firm also saw a reduction in employee count, going from 24 to 22. Despite these changes, the total number of accounts the firm managed remained stable at 10.

1Sharpe Capital also disclosed several modifications to its private funds.

Here's a summary of changes for each of the private funds listed:

  • 1SHARPE OPPORTUNITY INTERMEDIATE FUND L.P.

    • Gross Asset Value changed from $2.55B to $2.25B.
    • Approximate number of Beneficial Owners increased from 14 to 15.
    • Ownership by funds of funds changed from 70% to 57%.
    • Client investment percentage decreased from 88% to 20%.
    • Added new Custodian: FIRST REPUBLIC BANK.

  • 1SHARPE INCOME ADVANTAGE FUND L.P.

    • Gross Asset Value changed from $89.94M to $88.11M.
    • Non-U.S. ownership percentage changed from 86% to 84%.
    • Client investment percentage increased from 3% to 30%.
    • Added new Custodian: FIRST REPUBLIC BANK.

  • 1SHARPE INCOME FUND L.P.

    • Gross Asset Value changed from $65.99M to $105.81M.
    • Approximate number of Beneficial Owners increased from 15 to 20.
    • Client investment percentage increased from 3% to 30%.
    • Added new Custodian: FIRST REPUBLIC BANK.

  • 1SHARPE VENTURES 1 L.P.

    • Gross Asset Value changed from $5.69M to $19.92M.
    • Approximate number of Beneficial Owners increased from 33 to 45.
    • Related person's ownership changed from 19% to 13%.
    • Ownership by funds of funds changed from 0% to 21%.
    • Client investment percentage increased from 1% to 10%.
    • Removed Custodian: CARTA SECURITIES, LLC.
    • Added new Custodian: FIRST REPUBLIC BANK.

  • 1SHARPE INCOME SOLUTIONS LTD.

    • Gross Asset Value changed from $210.89M to $225.84M.
    • Client investment percentage increased from 5% to 10%.
    • Added new Custodian: FIRST REPUBLIC BANK.

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