Overview
For purposes of this brochure, the “Adviser” means New 2ND Capital Advisors, L.P., a Delaware
limited partnership, together (where the context permits) with its affiliated general partners of the
Funds (as defined below) and other affiliates that provide advisory services to and/or receive
advisory fees from the Funds. Such affiliates may or may not be under common control with New
2ND Capital Advisors, L.P., but possess a substantial identity of personnel and/or equity owners
with New 2ND Capital Advisors, L.P. These affiliates may be formed for tax, regulatory or other
purposes in connection with the organization of the Funds, or may serve as general partners of the
Funds.
The Adviser provides investment supervisory services to investment vehicles (the “Funds”) that
are exempt from registration under the Investment Company Act of 1940, as amended (the “1940
Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the
“Securities Act”).
The Funds make primarily long-term private equity and equity-related investments. In accordance
with the Funds’ respective investment objectives, the Funds are generally focused on investments
through secondary transactions with a focus on North American middle market companies. The
Adviser’s advisory services consist of investigating, identifying and evaluating investment
opportunities, structuring, negotiating and making investments on behalf of the Funds, managing
and monitoring the performance of such investments and disposing of such investments. The
Adviser may serve as the investment adviser or general partner to the Funds in order to provide
such services.
The Adviser provides investment supervisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of such Fund or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”).
Investment advice is provided directly to the Funds, subject to the discretion and control of the
applicable general partner, and not individually to the investors in the Funds. Services are provided
to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational
documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally
established in the organizational or offering documents of the applicable Fund, Advisory
Agreements and/or side letter agreements negotiated with investors in the applicable Fund (such
documents collectively, a Fund’s “Organizational Documents”).
The principal owner of New 2ND Capital Advisors, L.P. is Tjarko Hektor. The Adviser has been
in business since 2016. As of December 31, 2023, the Adviser has a total of $1,845,152,674
regulatory assets under management, all of which is managed on a discretionary basis.