{"url":"https://nivawealth.com/firms/solas-bioventures-management-322344","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/322344","regulatoryAum":164966818,"crd":"322344","secFileNumber":"801-134738","legalName":"Solas Bioventures Management, LLC","displayName":"Solas BioVentures Management","slug":"solas-bioventures-management-322344","website":"https://solasbio.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"412 Georgia Avenue, Suite 201","city":"Chattanooga","state":"TN","stateName":"Tennessee","country":"United States","postalCode":"37403"},"tradeNames":[],"registration":{"secApproved":"19 November 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":6,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":164966818,"discretionary":164966818,"discretionaryAccounts":12,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":12,"regulatoryAum":164966818}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Solas BioVentures Management has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Karey Williams","title":"Chief Compliance Officer","crd":"1394426"},{"name":"David Belitz","title":"Manager","crd":"8118240"},{"name":"Michael Hoey","title":"Member","crd":"8118238"},{"name":"Charles Adair","title":"Manager","crd":"8118183"},{"name":"Mark Hackett","title":"Manager","crd":"8118227"}],"ownership":[{"label":"Charles Adair","detail":"Manager in the 50% to 75% ownership band and a control person, since March 2020."},{"label":"Mark Hackett","detail":"Manager in the 10% to 25% ownership band and a control person, since March 2020."},{"label":"Michael Hoey","detail":"Member in the 10% to 25% ownership band and a control person, since March 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"8 Davis Drive","city":"RTP"}]},{"state":"Tennessee","offices":1,"addresses":[{"street":"412 Georgia Avenue, Suite 201","city":"Chattanooga","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"423-243-3460","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":12},"sources":{"adv1FilingDate":"1 October 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/322344/PDF/322344.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Solas BioVentures Management have?","answer":"Solas BioVentures Management has 12 clients and manages $165 million for them, as of October 2026. They include 12 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Solas BioVentures Management offer?","answer":"Solas BioVentures Management provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Solas BioVentures Management have?","answer":"Solas BioVentures Management has 0 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Solas BioVentures Management?","answer":"Solas BioVentures Management’s direct owners are Charles Adair (50% to 75%), Mark Hackett (10% to 25%) and Michael Hoey (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Solas BioVentures Management get paid?","answer":"Solas BioVentures Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Solas BioVentures Management?","answer":"Solas BioVentures Management’s main office is at 412 Georgia Avenue, Suite 201, Chattanooga, TN 37403. Its phone number is 423-243-3460. Its website is solasbio.com.","source":"Form ADV Part 1A, Item 1.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}