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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 14 -6.67%
of those in investment advisory functions 12 -7.69%
Registration SEC, Approved, 10/4/2017
AUM* 1,902,858,811 14.01%
of that, discretionary 1,902,858,811 14.01%
Private Fund GAV* 1,902,858,811 14.01%
Avg Account Size 475,714,703 14.01%
SMA’s No
Private Funds 4
Contact Info 646 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
2B 1B 1B 954M 715M 477M 238M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count4 GAV$1,902,858,811

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Brochure Summary

Overview

Further Global Capital Management, L.P., a Delaware limited partnership and a registered investment adviser (“FGCM”), and its affiliated investment advisers (together with FGCM, the General Partners (as defined below) and their respective affiliates, “Further Global” or the “Firm”) provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere. FGCM commenced operations in January 2017. Further Global’s clients include the following (each, a “Fund,” and together with any future private investment fund to which Further Global provides investment advisory services, the “Funds”):  Further Global Capital Partners, L.P.  Further Global Capital Partners-A, L.P. (together with Further Global Capital Partners, L.P., “Fund I”)  Further Global Capital Partners II, L.P.  Further Global Capital Partners II-A, L.P. (together with Further Global Capital Partners II, L.P., “Fund II”). The following general partner entities (the “Fund I GP” and the “Fund II GP,” respectively, and collectively together with any future Further Global general partner entities, the “General Partners,” and each, a “General Partner”) are affiliated with Further Global:  Further Global Capital Partners GP, L.P.  Further Global Capital Partners II GP, L.P. The General Partners are subject to the Advisers Act pursuant to FGCM’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 FGCM. The Funds are private equity funds and invest through negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” Further Global’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments, and achieving dispositions for such investments. Although investments are made predominantly in non-public companies, investments in public companies are permitted. Where such investments consist of portfolio companies, the senior principals or other personnel of Further Global generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies in which the Funds have invested. Further Global’s advisory services to the Funds are detailed in the applicable private placement memoranda or other offering documents (each, a “Memorandum”), investment management agreements, limited partnership or other operating agreements of the Funds (each, a “Partnership Agreement”) and/or other governing documents (together with the Memorandum and the Partnership Agreement, the “Governing Documents”), and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” 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 cases
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 Further Global and any investor. The Funds or the General Partners generally enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the relevant Governing Documents with respect to such investors, which are generally not made available to all investors. Additionally, as permitted by the relevant Governing Documents, Further Global has provided, and expects in the future 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, Further Global personnel and/or certain other persons associated with Further Global (e.g., a vehicle formed by Further Global’s principals to co-invest alongside a particular Fund’s transactions). Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, for strategic and other reasons, a co-investor or co-invest vehicle (including a co- investing Fund) 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 occur well after the Fund’s initial purchase. Where appropriate, and in Further Global’s sole discretion, Further Global 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 any 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, Further Global managed approximately $1,902,858,811 of client assets on a discretionary basis. Further Global Capital Management GP, LLC, a Delaware limited liability company (the “FGCM GP”), acts as the general partner of FGCM and is owned and controlled by Pierre Olivier Sarkozy. FGCM is controlled by Pierre Olivier Sarkozy.