For purposes of this brochure, the “Adviser” means Cove Hill Partners, L.P., a Delaware limited
partnership, together (where the context permits) with its affiliated General Partners of the Funds
(each as defined below) and other affiliates that provide advisory services to and/or receive
advisory fees from the Funds. Such affiliates may or may not be under common control with Cove
Hill Partners, L.P., but possess a substantial identity of personnel and/or equity owners with Cove
Hill Partners, L.P. These affiliates may be formed for tax, regulatory or other purposes in
connection with the organization of the Funds, or may serve as General Partners of the Funds.
The Adviser provides investment supervisory services to investment vehicles (the “Funds”) that
are exempt from registration under the Investment Company Act of 1940, as amended (the “1940
Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the
“Securities Act”).
The Funds make primarily long-term controlling and influential minority private equity and
equity-related investments. In accordance with the Funds’ respective investment objectives,
investments are generally made in companies doing business in the consumer products and
services industry and the technology and technology enabled services industry. The Adviser’s
advisory services consist of investigating, identifying and evaluating investment opportunities,
structuring, negotiating
and making investments on behalf of the Funds, managing and monitoring
the performance of such investments and disposing of such investments. The Adviser may serve
as the investment adviser or General Partners to the Funds in order to provide such services.
The Adviser provides investment supervisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of such Fund or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”).
Investment advice is provided directly to the Funds, subject to the discretion and control of the
applicable General Partner, and not individually to the investors in the Funds. Services are
provided to the Funds in accordance with the Advisory Agreements with the Funds and/or
organizational documents of the applicable Fund. Investment restrictions for the Funds, if any,
are generally established in the organizational or offering documents of the applicable Fund,
Advisory Agreements and/or side letter agreements negotiated with investors in the applicable
Fund (such documents collectively, a Fund’s “Organizational Documents”).
The principal owner of Cove Hill Partners, L.P. is Andrew Balson. The Adviser has been in
business since 2017. As of December 31, 2023, the Adviser manages a total of $3,127,809,464 of
client assets, all of which is managed on a discretionary basis.