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Gritstone Asset Management LLC

Updated today

Client assets under management

$114,882,356

Clients

0

Advisors

3

of 4 employees

Firm type

Investment Manager

May not manage individual clients

Clients per advisor

0

Average account size

About

Gritstone Asset Management LLC is an investment advisory firm that provides discretionary portfolio management to private pooled investment vehicles and separately managed accounts, serving accredited and qualified investors. The firm reports approximately $114.9 million in discretionary AUM and also spends up to 10% of its time providing non‑investment consulting and monitoring services related to private markets.

Gritstone’s investment approach emphasizes SPAC securities, direct equity and debt investments in operating companies, and secondary investments in interests of other private pooled vehicles, using fundamental and relative‑value analysis and occasional leverage. It negotiates client terms on a case‑by‑case basis and enters into performance‑based compensation arrangements with qualified clients while tailoring investor terms through side letters when appropriate.

Compared with many peers, Gritstone’s client base includes institutional investors such as charitable organizations, a less common client type among managers of pooled vehicles. The firm’s organizational structure—including managing‑member subsidiary arrangements, the use of side letters, and its deemed custody of fund assets—creates governance and reporting considerations (quarterly unaudited reports and annual audited financials) that investors should review.

Client services

Portfolio management

Expertise

Private / alternative investments

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Fee options

Performance-based

Performance-based fees generally range from 10% to 20% of profits or net realized gains, subject to high-water marks and preferred returns of 6% to 10% annually.

Other

Account minimum: $1,000,000 for Private Funds; $10,000,000 for SMAs (minimums waivable at discretion)

Main office location

Gritstone Asset Management LLC

4800 Hampden Lane, Suite 200

Bethesda MD 20814, United States

Number of offices

1

Most active in

Maryland

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Justin C

Series 65

Bethesda, MD

Gritstone Asset Management LLC

Justin Cressall is a financial advisor at Gritstone Asset Management LLC with seven years of industry experience. He holds a Series 65 designation and has worked previously at Hannon Armstrong Sustainable Infrastructure, Ares Management LP, and American Capital, Ltd. Gritstone Asset Management advises private pooled investment vehicles and separately managed accounts primarily for accredited and qualified clients, including institutional entities such as charitable organizations. The firm focuses on SPACs, direct equity and debt investments, and secondary interests in private funds, employing fundamental and relative-value analysis with an absolute-return objective.

Private / alternative investments
user avatar

Thomas M

Series 65

Bethesda, MD

Gritstone Asset Management LLC

Thomas Mchale is a financial advisor at Gritstone Asset Management LLC with seven years of industry experience. He holds a Series 65 designation and has worked at Gritstone since 2018, following roles at Ares Management LP and American Capital, Ltd. Gritstone Asset Management advises private pooled investment vehicles and separately managed accounts, primarily for accredited and qualified clients, including institutional entities such as charitable organizations. The firm focuses on SPACs, direct equity and debt investments, and secondary interests in private funds, employing fundamental and relative-value financial analysis with an absolute-return objective.

Private / alternative investments
user avatar

Nicholas S

CFA®

Bethesda, MD

Gritstone Asset Management LLC

Nicholas Skibo is a CFA® charterholder with seven years of industry experience. He has worked at Gritstone Asset Management LLC since 2018 and previously held positions at Ares Management LP and American Capital, Ltd. Gritstone Asset Management advises private pooled investment vehicles and separately managed accounts, primarily serving accredited and qualified clients, including institutional investors such as charitable organizations. The firm focuses on SPACs, direct equity and debt investments, and secondary interests in private funds, employing fundamental and relative-value analysis with an absolute-return objective.

Private / alternative investments
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