Overview
Alcova Capital Management LP (“Alcova” or the “Adviser”) was founded in August 2016 by Matthew Grodin
and Russell Diamond, who are its principal owners. Alcova Capital Management GP LLC is the sole general
partner of Alcova. Alcova currently serves as the investment adviser, with discretionary trading authority, to
Alcova Capital Opportunity Zone Fund, L.P. and Alcova Capital Yield Premium Fund, L.P., pooled
investment vehicles (together, the “Fund”).
The Adviser provides investment advisory services on a discretionary basis to the Fund. In providing such
services, the Adviser will direct and manage the investment and reinvestment of the Fund’s assets and provide
reports to Fund investors. The Adviser will manage the assets of the Fund in accordance with the terms of its
governing documents. Investment advice will be provided directly to the Fund and not individually to
underlying investors in the Fund. Investors in
the Fund will not have the ability to direct any Fund investments
or strategies. The Adviser may, from time to time, serve as the investment manager for additional funds or
products, including, without limitation, co-investment vehicles. Alcova does not currently offer investment
advisory services to separately managed accounts or other services tailored to the needs of individual clients,
although it may do so in the future. Alcova does not currently participate in wrap fee programs.
Alcova has the right to enter into agreements, such as side letters, with investors, which may in certain cases
provide for terms of investment or access to information that are more favorable than the terms provided to
other Fund investors. For example, investors who subscribe to the Fund in connection with its launch
(“Founders Investors”) may receive preferential terms with respect to items such as fees, liquidity and/or future
capacity rights.