Overview
Timber Bay Partners, LLC (“Timber Bay”) is a Delaware limited liability company formed in
October 2016. Timber Bay began providing investment advisory services in November 2016. The
principal owner of Timber Bay is Joseph A. Woods, Managing Partner.
Timber Bay has its principal place of business in Cincinnati, OH, providing investment advisory
services to certain private pooled investment vehicles managed by an affiliated general partner
(each, a “Fund” and, together, the “Funds”). The Funds employ an investment strategy focused
on secondary transactions in private markets (particularly private equity).
The Funds are privately offered pooled investment vehicles and are subject to the corresponding
Fund’s Governing Documents (as defined below). The Funds are not registered under the
Investment Company Act of 1940, as amended (the “Company Act”), and the securities of the
Funds are not registered under the Securities Act of 1933, as amended (the “Securities Act”).
As mentioned above, the general partners of the Funds will be affiliates of Timber Bay (together,
the “General Partners”). Each of the General Partners is a related
person of Timber Bay and is
under common control with Timber Bay. In accordance with the Governing Documents of each
Fund, Timber Bay will have the power to make investment decisions on behalf of each Fund and
each Fund General Partner will retain management authority over the relevant Fund to the extent
that such management authority does not fall outside the scope permitted by law or the Fund’s
governing documents described below.
Each Fund is governed by a limited partnership agreement (or the equivalent thereof), a
subscription agreement, and/or side letter agreements negotiated with investors in the applicable
funds (“Governing Documents”) that detail the specific investment guidelines and investment
restrictions applicable to the Fund. Timber Bay tailors its investment advice to each Fund in
accordance with the Fund’s investment objectives and strategy as set forth in each Fund’s
Governing Documents.
As of December 31, 2023, Timber Bay manages $721,680,345 of client assets on a discretionary
basis. Timber Bay does not currently manage any client assets on a non-discretionary basis.