Overview
CIP Fund Management, LLC (“CIPFM”) is a private equity investment adviser organized as a
limited liability company under the laws of the State of Delaware and has been in business since
October 2011. The principal owners of CIPFM are Scott Marden and Melissa Vlak.
CIPFM provides discretionary advisory services to private equity funds CIP Capital Fund, L.P.
(“CIP Capital I”), CIP Capital Fund II, L.P. (“CIP Capital II”), and CIP Capital Fund III, L.P. (“CIP
Capital III”) (collectively, the “Funds”).
CIPFM focuses on investing in lower middle market companies across the business information and
outsourced services sectors, with a focus on business process outsourcing, marketing services,
knowledge services, and B2B Information management. Such companies typically will be
organized under the laws of and/or have their principal place of business in North America, although
Funds can invest up to twenty percent of the Fund’s respective aggregate capital commitment in
companies that do not meet either criterion.
As of December 31, 2022, CIPFM managed $500,135,387 of discretionary assets under
management.
In providing services to the Funds, CIPFM formulates
each Fund’s investment objectives, directs,
and manages the investment of the Funds’ assets, and provides reports to each Fund’s investors
(“Investors”). Investment advice is provided directly to the Funds and not individually to the
Investors. CIPFM manages the assets of the Funds in accordance with the terms of each Fund’s
limited partnership agreement and other governing documents applicable to each Fund (the
“Governing Fund Documents”). All material terms are generally established at the time of the
formation of a Fund. CIPFM does not tailor its advisory services to the individual needs of any
Fund’s Investors, and such Investors may not impose investment restrictions on the Funds; however,
CIPFM, on behalf of the applicable Fund, has entered into side letters with some Investors.
Limited partnership interests in the Funds are not registered under the U.S. Securities Act of 1933,
as amended, and the Funds rely on an exemption from registering as investment companies under
the U.S. Investment Company Act of 1940, as amended. Accordingly, interests in the Funds are
offered and sold exclusively to Investors satisfying the applicable eligibility and suitability
requirements.