Principal Owners
BuildGroup Management is principally owned by Jim Curry and Lanham Napier. It began
operations in March 2015.
Types of Advisory Services
BuildGroup Management exercises discretionary authority in providing advisory services to its
clients, which are privately offered pooled investment vehicles (“the “Clients” or the “Funds”) that
primarily invest in private companies in software and technology companies through privately
offered pooled investment vehicles. BuildGroup Management’s advisory services to the Funds
typically consist of (i) investigating, identifying and evaluating investment opportunities; (ii)
structuring, negotiating and making investments on behalf of the Funds; (iii) managing and
monitoring the performance of such investments; and (iv) exiting such investments on behalf of
the Funds. BuildGroup structures its investments in portfolio companies as direct equity control
(or, in certain instances, minority investments where it is able to exert influence on the
management of the portfolio company as a result of its investment).
The Funds are offered exclusively to individuals and other persons who qualify as “accredited
investors” under Regulation D promulgated under the Securities Act of 1933, as amended (the
“Securities Act”), and/or “qualified purchasers” as defined under Section 2(a)(51) of the
Investment Company Act of 1940, as amended (the “Company Act”) and are therefore not required
to register as investment companies with the SEC in accordance with the exemptions set forth in
Sections 3(c)(1) or 3(c)(7) of the Company Act.
BuildGroup Management’s services to each Fund are subject to the specific investment objectives
and restrictions applicable to such Fund, as set forth in such Fund’s operating agreement and other
relevant offering documents (collectively, the “Governing Documents”).
Client
Investment Objectives and Restrictions
Investors and prospective investors in each Fund should refer to the Governing Documents of that
particular Fund for information on the investment objectives and investment restrictions with
respect to that Fund. There can be no assurance that any of the Funds’ investment objectives will
be achieved, and BuildGroup Management’s services are generally not tailored to the
individualized needs of any particular investor of the Fund. Since BuildGroup Management does
not provide individualized advice to investors (and an investment in the Fund does not, in and of
itself, create an advisory relationship between the investor and the Adviser), investors must
consider whether a particular Fund meets their investment objectives and risk tolerance prior to
investing.
The Fund, the Adviser and/or the managing member may from time to time enter into letter
agreements or other similar agreements (collectively, “Side Letters”) with one or more investors
that alter, modify or change the terms of the interests held by such investors. Side Letters may
provide such investor(s) with additional and/or different rights (including, without limitation, the
Performance Allocation, Management Fees, withdrawal terms, Capital Contribution amounts,
informational rights, transparency rights, capacity rights and other rights) than the other investors.
Except to the extent required by applicable law, the Fund is not required to notify any or all of the
other investors of any such Side Letters or any of the rights and/or terms or provisions thereof, nor
is the Fund required to offer such additional and/or different rights and/or terms to any or all of the
other Fund.
Assets under Management
As of December 31, 2023, BuildGroup Management had approximately $ 371,333,073 in regulatory
assets under management, all of which were managed on a discretionary basis.