Tangerine Investment Management

Tangerine Investment Management serves as the investment manager or adviser to The Axiom Fund, a Cayman Islands-domiciled pooled investment vehicle. The fund pursues a hybrid strategy combining direct venture capital investments with secondary purchases of late-stage private company shares. This structure is typical of offshore hedge funds that raise capital from non-US investors and US tax-exempt entities.

No. The firm does not publicly disclose AUM. Its regulatory filings in the Cayman Islands do not require public reporting of assets under management, and no independent third-party sources have verified a figure. Allocators evaluating the manager must obtain AUM directly through a confidential private placement memorandum or direct inquiry.

The Axiom Fund offers periodic liquidity — likely quarterly or semi-annually — which requires the manager to balance portfolio liquidity against commitments to illiquid private company shares. Standard practice for funds with this structure includes side-pocket provisions for assets that cannot be readily valued or sold, gates that limit redemptions in a given period, and a notice period for withdrawal requests. The specific terms would be detailed in the fund's offering documents.

Based on its Cayman Islands domicile and limited US presence, Tangerine Investment Management is likely exempt from SEC registration under the foreign private adviser exemption or a similar provision. Offshore managers that have fewer than 15 US clients, do not hold themselves out as investment advisers in the US, and have less than $25 million in assets under management from US clients typically qualify for this exemption.

The fund's disclosed documentation references allocations to enterprise software, fintech, and consumer internet, though specific portfolio company names have not been independently verified. The secondary transaction strategy suggests a focus on companies that have raised institutional venture rounds and have existing shareholders seeking pre-IPO liquidity.