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.