Advisory Business
A. General Description of Advisory Firm
Kize, a Delaware limited partnership formed on July 9, 2019 and registered with the SEC since
December 2019, is an investment adviser to private fund clients and qualified managed accounts.
Kize was founded by Daniel Moss, CEO and Portfolio Manager. The general partner of Kize is
Kize Capital GP LLC, a Delaware limited liability company. Mr. Moss, as the managing member
of Kize Capital GP LLC, controls Kize and has ultimate responsibility for all management,
operations and investment decisions.
Kize has its principal place of business in New York, New York.
B. Description of Advisory Services
Kize provides investment advisory services on a discretionary basis to the following private fund
clients (the “Fund Clients”):
(i) Kize Partners LP, Kize Partners Offshore LP, and Kize Partners Intermediate LP, all of
which invest, directly or indirectly, in Kize Partners Master LP (the “Kize Partners
Funds”);
(ii) Kize Partners II Feeder LLC, a dedicated, non-commingled investment vehicle that invests,
directly or indirectly, in Kize Partners II LP and Kize Partners II Investments LP; and
(iii) Kize Partners III LP, a dedicated, non-commingled investment vehicle that invests,
directly or indirectly, in Kize Partners III Master LP and Kize Partners III Investments LP.
Kize also provides advisory services to a separately managed account (the “SMA”).
References throughout this document to “Clients” refer to the Fund Clients and the SMA and to
any other private funds, separately managed accounts, and similar investment vehicles Kize may
advise in the future.
In providing advisory services, Kize pursue a value-oriented investment strategy, taking long and
short positions in public and private securities across the corporate capital structure. As part of its
investment program, Kize may establish special investments for certain investments that it
determines to be illiquid (each, a “Special Investment”). Special Investments are expected to
include, but are not limited to, private equity, private fixed income assets, real estate, and illiquid
public debt and equity securities. If Kize determines that an investment opportunity will be deemed
a Special Investment, allocations of such investment opportunity will generally be made to Clients
based on the participation elections made by the
investors in such Clients.
The SMA has been established to hold certain legacy illiquid investments (i.e., illiquid investments
that Mr. Moss was responsible for managing in his prior role). The SMA will not make new
investments and will distribute proceeds once the assets held in the SMA are realized.
Please see “Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss” for a description
of the Kize’s investment strategies and certain related risks.
Kize has established, and may establish in the future, a real estate investment trust, used to facilitate
the acquisition of an investment on behalf of its Clients. Such vehicle does not itself receive
investment advice from Kize and is not considered a separate client of Kize.
The securities of Fund Clients are offered and sold on a private placement basis under exemptions
promulgated under the Securities Act of 1933, as amended, and other exemptions of similar import
under U.S. state laws and the laws of other jurisdictions where any offering may be made. Investors
in the Fund Clients must meet the qualifications set forth in the applicable offering documents.
Persons reviewing this Brochure should not construe this as an offer to sell or solicitation of an
offer to buy the securities of any of the Fund Clients described herein. Any such offer or solicitation
will be made only by means of a confidential private placement memorandum.
C. Tailored Advisory Services for Clients
Kize manages assets in accordance with the stated investment objectives of each Client, as
described in any relevant investment management agreement or similar agreement (an “IMA”) or
in an offering memorandum or a Client’s organizational documents (together with the IMA and
the offering memorandum, the “Offering Documents”). Investment advice is provided directly to
Clients and not individually to the investors in Clients (the “Investors”). In the case of the SMA,
Kize manages those assets in accordance with the stated investment objectives of the SMA’s IMA.
D. Wrap Fee Programs
Kize does not currently participate in wrap fee programs.
E. Assets Under Management
Kize manages, all on a discretionary basis, approximately $354,790,000of Client regulatory assets
under management. This figure for regulatory assets under management was determined as of
December 31, 2022.