Overview
Featheringill Capital, LLC (“FCL”) is an SEC-registered investment adviser with its
principal place of business in Birmingham, Alabama. We have been in business since
2018. The firm’s registration with the SEC does not imply any particular level of skill or
training by our firm or employees or that the SEC has endorsed our respective
qualifications to provide investment advisory services. Featheringill Asset Management
LLC (“FAM”) is the FCL’s sole owner.
FCL provides investment management services to private equity funds and certain
parallel co-investors (hereinafter collectively, "the Funds"). The fund manager will call
on investors to make capital infusions to support the Fund’s investments once those
investments have been identified and fully vetted through an extensive due diligence and
negotiation process. Investments made for the Funds are generally, but not exclusively,
in private, illiquid securities. Most of the time, each Fund is created, structured and
funded to invest in a specific portfolio company.
FCL manages Fund investments in various companies offering a wide spectrum of
services. For each Fund, FCL generally performs in-depth due diligence regarding
investments, structures and prices of prospective portfolio company(ies), add-on
acquisitions to portfolio companies, works closely with portfolio companies to provide
strategic, operating, marketing and financial advice and identifies exit options prior to an
initial investment.
FCL leverages its industry knowledge and contacts
to identify investment opportunities
for the Funds. The investment objective of the Funds is to seek long-term capital
appreciation.
We seek to invest the Funds’ assets primarily in the equity securities of private
companies and typically seek majority control positions via one or more of the Funds or
with other co-investors. FCL sources investment opportunities directly and from third
parties, including traditional investment banks and brokers.
The Funds are not required to register under the Securities Act of 1933 or the Investment
Company Act of 1940 in reliance upon certain exemptions available to issuers whose
securities are not publicly offered. We manage the Funds on a discretionary basis in
accordance with the terms and conditions of each Fund's offering and organizational
documents.
ASSETS: Discretionary assets under FCL’s management, including unfunded capital
commitments, were approximately $142,916,072 as of December 31, 2023.
IMPORTANT ADDITIONAL CONSIDERATIONS: The information provided herein
merely summarizes the detailed information provided in each Fund’s offering and
organizational documents. Certain of the Funds are closed and are not admitting new
investors. Current Fund investors and prospective investors in any new Fund launched
by FCL should be aware of the substantial risks associated with investment as well as the
terms applicable to such investment. This and other detailed information is provided in
the appropriate Fund offering and organizational documents.