Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Assets under management increased from $37 billion to $44 billion as of December 31, 2023.
  • Top five client relationships represented 14% of total run rate gross management fee revenue.
  • Commitment to seed capital increased from three to five products, now totaling $41 million.
  • Paulson & Co. Inc. ownership increased from 21% to 23% of common stock.
  • Potential liability exposure increased from $19 million to $41 million as of December 31, 2023.
  • Top 25 clients now represent approximately 38% of run rate gross management fee revenue.
  • Expansion of non-U.S. distribution initiatives may expose the company to additional risks.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1748824&owner=exclude

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