General Information
Hale, a North Carolina limited liability company, was organized in 2010.
Fund Investment Advisory Services
Hale provides investment advisory services to six private investment vehicles (each, a
“Fund” and collectively, the “Funds”), each of which is exempt from registration under
the Investment Company Act of 1940, as amended (the “Investment Company Act”).
Each Fund’s securities are not registered under the Securities Act of 1933, as
amended (the “Securities Act”). As the investment adviser of each Fund, Hale, along
with Hale Partnership Capital Advisers, LLC, the general partner of each Fund (the
“General Partner”), identifies investment opportunities for, and participates in the
acquisition, management, monitoring and disposition of investments of, each Fund. A
summary of each Fund follows.
Hale Partnership Fund, L.P., a Delaware limited partnership that seeks to
maximize after-tax total returns by exploiting inefficient segments of the
financial markets including, but not limited to, small capitalization equities,
merger arbitrage, distressed debt, post-reorganization equities, corporate
liquidations, and options.
MGEN II – Hale Fund, L.P., a Delaware limited partnership that seeks to
maximize after-tax total returns by exploiting inefficient segments of the
financial markets including, but not limited to, small capitalization equities,
merger arbitrage, distressed debt, post-reorganization equities, corporate
liquidations, and options. This fund is closed to outside investors.
Clark - Hale Fund L.P., a Delaware limited partnership that seeks to maximize
after-tax total returns by exploiting inefficient segments of the financial markets
including, but not limited to, small capitalization equities, merger arbitrage,
distressed debt, post-reorganization equities, corporate liquidations, and
options. This fund is closed to outside investors.
Hale Medical Office Building Fund, L.P., a Delaware limited partnership that
seeks to invest in properties with prime location, primarily medical office
building properties located in and around the Southeast and Mid-Atlantic
regions of the United States. This fund is closed to outside investors.
Hale Government Building Fund, L.P., a Delaware limited partnership that
seeks capital appreciation by recapitalizing HC Government Realty Trust, Inc., a
Maryland corporation, through investment in certain preferred equity and in
the mezzanine debt of HC Government Realty Holdings, L.P., a subsidiary of HC
Government Realty Trust, Inc.
Smith - Hale Fund L.P., a Delaware limited partnership that seeks to maximize
after-tax total returns by exploiting inefficient segments of the financial markets
including, but not limited to, small capitalization
equities, merger arbitrage,
distressed debt, post-reorganization equities, corporate liquidations, and
options. This fund is closed to outside investors.
Dickinson – Hale Fund L.P., a Delaware limited partnership that seeks to
maximize after-tax total returns by exploiting inefficient segments of the
financial markets including, but not limited to, small capitalization equities,
merger arbitrage, distressed debt, post-reorganization equities, corporate
liquidations, and options. This fund is closed to outside investors.
Hale ICFG Fund, L.P., a Delaware limited partnership that seeks to maximize
after-tax total returns by exploiting inefficient segments of the financial
markets, including, but not limited to, small capitalization equities, merger
arbitrage, distressed debt, post-reorganization equities, convertible preferred
securities, commercial loans, and private operating businesses.
Hale provides investment advisory services to each of the Funds pursuant to separate
investment advisory agreements. Investment advice is provided by Hale directly to the
Funds, subject to the direction and control of the General Partner and not individually
to the investors in the Funds. Any restrictions on investments in certain types of
securities are established by the General Partner and are set forth in the
documentation received by each limited partner prior to investment in such Fund.
Once invested in a Fund, investors cannot impose restrictions on the types of
securities in which such Fund may invest. Additional information about each Fund is
provided in the offering document for such Fund, which is available upon request.
Institutional Investment Advisory Services
Hale may provide investment advisory services to institutional investors (the
“Institutional Investors”). Prior to providing advice to an Institutional Investor, Hale
will spend time with the client asking questions, discussing the client’s investment
experience and financial circumstances, and broadly identifying major goals of the
client. For example, Hale may discuss with the client cash flows, required
distributions, significant institutional events, risk tolerance, and return expectations,
among others. An Institutional Investor may impose restrictions on the types of
securities in which Hale may invest on its behalf and may provide investment
guidelines to Hale at any time.
In providing such services, Hale may utilize, in whole or in part, investment strategies
used by the Funds.
Type and Value of Assets Currently Managed
As of December 31, 2023, Hale had $593,126,941 in discretionary assets under
management.
Principal Owners
The principal owners of Hale are Steven A. Hale II and Bradley G. Garner.