The BH3 FUND ADVISORS is a privately held investment adviser that advises $1.05Bn in regulatory assets under management held in 1 SEC fund types across 3 investment strategies. BH3 FUND ADVISORS is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 2,752.97% over the last 5-years.
The Group has been registered with the SEC for 5.59 years and is comprised of 1 filing and 0 relying advisers. They operate out of 3 office locations with their Headquarters at 819 NE 2ND AVENUE SUITE 500, FORT LAUDERDALE, FL. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 28 employees comprised of 11 investment and 17 non-investment staff. The total number of Employees increased by 600% over the last 5-years.
Their $1.05Bn in assets advised are owned by 8 private funds, 0 public funds and BDCs and 0 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients total $1.05Bn or 100% of Total Assets.
The Group's top investment strategies include FI/Credit - Diverse, Traditional LBO and Real Estate, representing 62.74%, 37.26% and 0% of total assets, respectively.
They advise 1 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC).
The Group uses 2 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 2 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 4 private funds with $196mn in assets.
The Group discloses management fees and performance-based fees.
BH3 FUND ADVISORS names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a MEDIUM-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In BH3 FUND ADVISORS's case, they have 11 business conditions that require high process maturity and 2 Watch Factors.