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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 80 -3.61%
of those in investment advisory functions 66 -7.04%
Registration SEC, Approved, 04/08/2016
Other registrations (2)
AUM* 14,991,437,927 14.12%
of that, discretionary 14,991,437,927 14.12%
Private Fund GAV* 15,642,445,371 19.07%
Avg Account Size 936,964,870 -35.81%
SMA’s No
Private Funds 16 7
Contact Info 800 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
13B 11B 9B 8B 6B 4B 2B
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count13 GAV$14,448,181,106
Fund TypeVenture Capital Fund Count3 GAV$1,194,264,265

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Brochure Summary

Overview

K1 Investment Management, LLC (the “Manager”) provides investment advice to pooled investment vehicles that are privately offered to qualified investors in the United States and elsewhere. The Manager commenced operations in November 2010 and is principally owned by R. Neil Malik. The Manager’s clients include the following (together with any pooled investment vehicles advised by the Manager in the future, the “Funds,” individually a “Fund” or the “Client”):  K1 Private Investors, L.P.  K1 Private Investors (A), L.P.  K1 Special Opportunities Fund, L.P.  K2 Private Investors, L.P.  K3 Private Investors, L.P.  K4 Private Investors, L.P.  K5 Private Investors, L.P.  K6 Private Investors, L.P.  Karakoram Fund I, L.P.  Karakoram Fund C, L.P.  Karakoram Fund C II, L.P.  E‐Discovery Coinvest Aggregator, L.P.  Employ SPV, LLC  Gasherbrum Fund I, L.P.  Gasherbrum Fund II, L.P.  Broad Peak Aggregator, L.P. The following entities (each a “General Partner” and collectively, together with any future affiliated general partner entities, the Manager and its affiliates, “K1” or the “Management Company”) are affiliated with the Manager:  K1 Capital Advisors, LLC  K1 Special Opportunities Fund GP, L.P.  K2 Capital Advisors, L.P.  K3 Capital Advisors, L.P.  K4 Capital Advisors, L.P.  K5 Capital Advisors, L.P.  K6 Capital Advisors, L.P.  Karakoram GP, L.P.  Karakoram Fund C II GP, LLC  Gasherbrum GP, LLC  Gasherbrum II GP, L.P. Each General Partner is subject to the IAA pursuant to the Manager’s registration in accordance with SEC guidance. This brochure also describes the business practices of the General Partners, which operate as a single advisory business together with the Manager. The Funds are exempt from registration under the Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder (the “IC Act”). The Funds generally invest through negotiated transactions primarily in private operating companies which generally consist of private software and related technology companies in the United States (“portfolio companies”). Investments are made predominantly in non‐public companies, although investments in public companies are permitted in certain instances. Certain senior principals or other personnel or appointees of K1 serve on the boards of directors (or other governing bodies) of such portfolio companies held by the Funds or otherwise act to influence control over management of portfolio companies. In addition to investment advice provided to its clients, K1’s services also include managing and monitoring portfolio company investments. K1’s advisory services for each Fund are detailed in the relevant offering memorandum (each, a “Memorandum”) and limited partnership agreement or other governing documents (each, a “Limited Partnership Agreement” and together with the Memorandum and any other governing documents, the “Governing Documents”) and are further described below under Item 8 “Methods of Analysis, Investment Strategies
and Risk of Loss.” K1’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, and ultimately selling such investments. Investors in the Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed‐upon circumstances pursuant to the Governing Documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser‐client relationship between the Manager and any investor. The Funds or K1 have entered into side letters or similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights (including economic or other terms) under, or altering or supplementing a Fund’s Limited Partnership Agreement with respect to such investors. Additionally, as permitted by the Governing Documents, K1 expects to provide (or agree to provide) investment or co‐investment opportunities (including the opportunity to participate in co‐invest vehicles) to certain current or prospective investors or other persons, including other sponsors, market participants, finders, consultants and other service providers, portfolio company management or personnel, K1 personnel and/or certain other persons associated with K1 and/or its affiliates. Such co‐investments typically involve investment and disposal of current or prospective interests in the applicable portfolio company on the same terms as the Fund making the investment. However for strategic and other reasons, a co‐investor or co‐invest vehicle (including K1 Special Opportunities Fund, L.P.) purchases a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post‐closing sell‐down or transfer), which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co‐investor or co‐invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. To the extent the Fund makes use of a credit facility to invest in a portfolio company or pay related expenses, it generally will not be reimbursed separately by co‐investors for use of the facility. Where appropriate, and in K1’s sole discretion, K1 reserves the right to charge interest on the purchase to the co‐investor or co‐invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions) and to seek reimbursement to the relevant Fund for related costs. However, to the extent such amounts are not so charged or reimbursed (including charges or reimbursements required pursuant to applicable law), they generally will be borne by the relevant Fund. As of December 31, 2023, K1 managed approximately $14,991,437,927 in client assets on a discretionary basis.