Braidwell LP: AUM grew 22% TO $4.6B

June 9, 2023

Braidwell LP, a Delaware limited partnership established in 2021, has positioned itself at the forefront of the biological revolution to enhance human health. Managed by co-founders Alex Karnal and Brian Kreiter, the firm offers investment advice to various investment pools which follow their individual investment objectives.

Their strategic approach involves master-feeder fund structures and focuses on promising advancements in sectors such as biotechnology, pharmaceuticals, medical devices, diagnostics, and more.

In their recent Form ADV filing from April 2022 to April 2023, Braidwell LP demonstrated considerable growth, with total assets under management (AUM) increasing by 22.32% from $3.78 billion to $4.62 billion. The firm also expanded its team from 31 to 38 employees while maintaining the total number of accounts at eight.

The firm's ownership structure is comprised of both direct and indirect owners. Direct owners include Braidwell Holdings LP and Braidwell Management LLC, along with the co-founders Karnal and Kreiter, who also serve as CIO and CEO respectively. Manish Kumar Mital, the COO/General Counsel/Chief Compliance Officer, is also a direct owner. All direct owners acquired their statuses in August 2021 and were officially added to the ownership list in December 2021.

The indirect ownership is held by Karnal and Kreiter as managing members of Braidwell Management LLC, with the LLC serving as a general partner in Braidwell Holdings LP. Additionally, both Karnal and Kreiter also hold stakes as limited partners of Braidwell Holdings LP. Their roles as indirect owners were initiated in January 2021 and added to the ownership records in December 2021.


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