ADVISORY BUSINESS
Highcrest Capital is an investment advisor organized as a limited liability
company under the laws of the State of Texas with its principal place of business in
Fredericksburg, Texas. Highcrest Capital was formed in 2014 by its sole owner, J.P. Bourtin,
who also serves as the Chief Executive Officer and Co-Chief Investment Officer.
The Investment Adviser offers investment advisory services on a discretionary
basis to privately placed pooled investment vehicles. The Investment Adviser currently
provides investment advisory services to two private investment funds, Highcrest Private
Credit Income Fund, L.P., and Highcrest Opportunities Fund, L.P. (each a “Fund”, and
collectively the “Funds”). The Funds are collectively referred to herein as each, a “Client”
and collectively, the “Clients.” Investments in the Clients are generally offered only to high-
net-worth individuals, institutional Investors, and other Investors, that meet the applicable
Investor suitability requirements (each, an “Investor” and collectively, the “Investors”).
The Investment Adviser mainly focuses its investment strategies on private
credit, including but not limited to investing in small business loans, merchant cash advances,
asset-backed loans and leases secured by real estate, equipment, inventory, receivables and
other forms of collateral, loans backed by receivable payments and tax credits from the
United States Government, credit facilities, and other investment opportunities as set forth in
the applicable offering and governing documents, which could include
equity, such as
warrants or stock in companies, private equity and other types of securities related to
companies with which the Fund is doing business.
Highcrest Private Credit Income Fund, L.P. was organized in September 2014
as a Delaware limited partnership and generally pursues a private credit strategy which, as
noted above, seeks to invest in a broadly diversified portfolio of small business loans,
merchant cash advances, and other private credit opportunities, with the goal of generating
consistent cash income.
Highcrest Opportunities Fund, L.P., was organized as a Delaware limited
partnership in July 2023. The Fund generally intends to focus its investment strategy in
relatively short-duration credit to private companies that are secured by United States
Government receivables, tax credits and other types of secured collateral.
Highcrest Capital provides advice to Funds based on specific investment objectives
and strategies pursuant to the terms of the Funds’ private placement memorandum, operating
agreement, limited partnership agreement as applicable (collectively, the “Governing
Documents”), and based on the specific investment objectives and strategies as disclosed therein.
The Investment Adviser does not tailor advisory services to the individual needs of Investors in
the Funds.
The Firm or an affiliate of the Firm acts as the general partner to the Funds.
The Firm does not presently offer wrap fee programs.
As of February 29, 2024, the Investment Adviser had approximately
$666,737,345 in total assets under management.