# Whitebox Advisors: portfolio, investments and team > Whitebox Advisors is a vc firm based in United States. 2 investments on record, latest Feb 2010. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/whitebox-advisors (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Whitebox Advisors Last cheque observed Feb 2010. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet VC firm Seed Series A Health Care Health Diagnostics Cheques on record **0%** of best year **0** **cheques in 12 months**, 2 on record Since the last cheque **6088** days **00** hrs **00** min **00** sec Median round **$7.0M** Rounds led **0 of 2** Sole investor **1 rounds** Pitch Whitebox Advisors ## Whitebox Advisors highlights - 01 2 rounds on record - 02 Mostly Debt and Venture: 100% of its rounds - 03 Sole investor in 1 rounds, median $7.0M ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A - **Sectors:** Health Care Health Diagnostics - **Based in:** Minneapolis, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2010** 1 round - **Feb** **[SinoHub](https://millionrounds.com/company/sinohub)** Venture · CN **$4.6M** With 9 others - **2007** 1 round - **Sept** **[Delphax Technologies, Inc.](https://millionrounds.com/company/delphax-technologies-inc)** Debt · US · Firms' own news pages **$7.0M** Sole investor An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **8 named** BG **Brian Gerald Lutz** Partner, Head of Convertible Arbitrage i Form ADV BJ **Brian Joseph Lofton** Chief Risk Officer i Form ADV JP **Jacob Paul Mercer** Partner, Head of Special Situations and Restructuring i Form ADV LR **Lisa Raggi Conrad** General Counsel and Chief Compliance Officer i Form ADV MB **Muquarrab Bin Karim** Chief Operating Officer and Chief Financial Officer i Form ADV NA **Nickolas Arthur Stukas** Partner, Head of Credit Relative Value i Form ADV PR **Paul Roos** Partner, Head of Structured Credit i Form ADV RJ **Robert Jacob Vogel** Partner, Chief Investment Officer i Form ADV We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$16B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Whitebox Advisors LLC - **SEC number:** CRD 121995 Funds on its Form ADV **10** private funds, **$9.4B** in gross assets · filed Dec 2024 Hedge **6** Securitised assets **4** - Whitebox Relative Value Partners, L.P. *Hedge* 160 investors $3.6B - Whitebox Multi-Strategy Partners, L.P. *Hedge* 770 investors $3.5B - Whitebox CLO III LTD *Securitised assets* 2 investors $423M - Whitebox CLO IV LTD. *Securitised assets* 2 investors $406M - Whitebox CLO II LTD *Securitised assets* 2 investors $404M - Whitebox CLO I LTD *Securitised assets* 2 investors $401M - Pandora Select Partners, L.P. *Hedge* 6 investors $339M - Whitebox GT Fund, L.P. *Hedge* 4 investors $278M - Whitebox CAJA Blanca Fund, L.P. *Hedge* 2 investors $70M - Whitebox Institutional Partners, L.P. *Hedge* 2 investors $4.4M ## The cheque Seed Series A Median round joined **$7.0M** the round, not its cheque Alone, median **$7.0M** Led 0 of 2 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Feb 2010 Rounds by stage said on their site - Debt *1* - Venture *1* - Seed said *-* - Series A said *-* Cheques by year Led Joined 2007 2010 **Pitching Whitebox Advisors?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Quick answers about Whitebox Advisors ### What does Whitebox Advisors invest in? Whitebox Advisors invests most often at Debt and Venture (100% of the rounds on record), in sectors such as Health Care and Health Diagnostics. ### How active is Whitebox Advisors? 2 investments on record, 0 of them in the last 12 months. The most recent was in Feb 2010. ### What has Whitebox Advisors invested in recently? Its most recent investments on record: Delphax Technologies, Inc. (Debt, Sept 2007). ### How big are Whitebox Advisors's cheques? The median round it joins is $7.0M. ### Is Whitebox Advisors investing now? No investments in the last 12 months; the latest was in Feb 2010. ### What kind of investor is Whitebox Advisors? Whitebox Advisors is a VC firm based in Minneapolis, United States. ### How much does Whitebox Advisors manage? About $16B, as regulatory assets under management (Oct 2026). ### When was Whitebox Advisors founded? Whitebox Advisors was founded in 2000. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=whitebox-advisors) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=whitebox-advisors)