Overview
Lincoln Peak Capital Management, LLC (the “Adviser”), a Delaware limited liability company
formed on May 8, 2008, provides investment advisory services to private funds (collectively, the
“Funds” or “Advisory Clients”) that make equity investments in asset management firms. Such
Funds include the following:
Lincoln Peak Capital, LLC (“LPC, LLC” or the “Company”) - Beginning in June 2018, all new
investment activity by the Adviser occurs through LPC, LLC.
Special Purpose Vehicles (the “SPVs,” each an “SPV”) – Prior to June 2018, the Adviser created,
and continues to advise, the following private investment funds that (i) each made investments in
a single company, and (ii) have not made any new investments since the formation of LPC, LLC:
• LPC ACA, LP
• LPC Harvest, LP
• LPC London, LP
• LPC Westchester, LP
Affiliates of the Adviser serve as general partners of the SPVs (each, a “General Partner”). The
Adviser serves as investment manager (the “Manager”) to LPC, LLC.
The principal owners of the Adviser are Seth W. Brennan and Anthony H. Leness. Information
pertaining to the Adviser can be found in the Adviser’s Form ADV Part 1 as well as in this Form
ADV Part 2A.
The Funds are exempt from registration under the Investment Company Act of 1940, as amended
(the “1940 Act”), each of which issued securities that are not registered under the Securities Act of
1933, as amended (the “Securities Act”). The Adviser provides
day-to-day management and
advisory services to each Fund and its General Partner (as applicable).
The General Partner or Manager of each Fund has complete discretion and exclusive responsibility
and authority for all investment making decisions of such Fund. Each Fund’s investment objectives
and/or parameters are set forth in its respective private placement memorandum (each, a
“Memorandum”) and limited partnership agreement or limited liability company agreement, as
applicable (each, a “Partnership Agreement” or “LLC Agreement,” as applicable, and together with
the Memorandum, the “Fund Documents”) provided to the limited partners or members, as
applicable, in such Fund (the “Investors”). The Adviser tailors the advisory services for each Fund
based on such Fund’s investment objective and investment strategy, including guidelines regarding
the types of securities such Fund will acquire and portfolio limits (if any). However, the Adviser
does not tailor advisory services to the needs of individual Investors, and the Investors may not
impose restrictions on investing in certain securities or types of investments.
The services provided by the Adviser to each Fund are further described in its corresponding Fund
Documents.
The Adviser does not participate in wrap fee programs.
As of the date of this brochure, the Adviser manages $623,105,628 in regulatory assets under
management on a discretionary basis.