ENTREPRENEURIAL EQUITY PARTNERS, L.P. other names

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Adviser Profile

As of Date:

05/13/2024

Adviser Type:

- Large advisory firm


Number of Employees:

17 21.43%

of those in investment advisory functions:

13


Registration:

SEC, Approved, 7/27/2020

Other registrations (2)
Former registrations

ENTREPRENEURIAL EQUITY PARTNERS, L.P.

AUM:

1,704,692,535 45.58%

of that, discretionary:

1,704,692,535 45.58%

GAV:

1,704,692,534 45.58%

Avg Account Size:

243,527,505 24.78%


SMA’s:

NO

Private Funds:

7 1

Contact Info

312 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
1B 1B 836M 669M 502M 335M 167M
2020 2021 2022 2023

Recent News

America’s entrepreneurial equity crisis is hurting the economy
05/25/2022

If Black-owned businesses were proportionate to the U.S. population, there would be 738,000 more Black-owned companies.

Fortune

Audax Private Debt Provides Financing to Support Entrepreneurial Equity Partners’ Acquisition of Ya YA Foods
03/05/2021

Audax Private Debt announced that it was the sole investor in a mezzanine financing supporting the acquisition of Ya YA Foods (the “Company”) by Entrepreneurial Equity Partners’ (“e2p”).

Morningstar

Audax Private Debt Provides Financing to Support Entrepreneurial Equity Partners’ Acquisition of Ya YA Foods
03/05/2021

Audax Private Debt announced that it was the sole investor in a mezzanine financing supporting the acquisition of Ya YA Foods (the "Company") by Entrepreneurial Equity Partners’ ("e2p").

Yahoo Finance

Audax Private Debt Provides Financing to Support Entrepreneurial Equity Partners’ Acquisition of Ya YA Foods
03/05/2021

Audax Private Debt announced that it was the sole investor in a mezzanine financing supporting the acquisition of Ya YA Foods (the "Company") by Entrepreneurial Equity Partners’ ("e2p").

Yahoo Finance

Audax Private Debt Provides Financing to Support Entrepreneurial Equity Partners’ Acquisition of Ya YA Foods
03/05/2021

Audax Private Debt announced that it was the sole investor in a mezzanine financing supporting the acquisition of Ya YA Foods (the "Company") by Entrepreneurial Equity Partners’ ("e2p"). Ya YA Foods is a leading contract manufacturer of a broad range of ...

Yahoo Finance

Audax Private Debt Provides Financing to Support Entrepreneurial Equity Partners’ Acquisition of Ya YA Foods
03/05/2021

Audax Private Debt announced that it was the sole investor in a mezzanine financing supporting the acquisition of Ya YA Foods (the "Company") by Entrepreneurial Equity Partners’ ("e2p"). Ya YA Foods is a leading contract manufacturer of a broad range of ...

Yahoo Finance


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 7 $1,704,692,534

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Private Funds



Employees




Brochure Summary

Overview

Entrepreneurial Equity Partners, L.P. (together with its fund general partners (unless otherwise specified), “e2p” or the “Firm”), a Delaware limited partnership, is a private equity firm based in Chicago. Founded in 2018, e2p makes investments in the consumer/food industry with a particular focus on the private label/contract manufacturing, branded products and foodservice segments. In addition to its internal team, e2p leverages its proprietary, formalized network of sector experts, business owners/entrepreneurs and executives in the food industry (the “e2p Ecosystem”), as well as e2p’s significant networks of relationships in the consumer/food industry to enhance the Firm’s capabilities throughout the investment process. e2p serves as the investment adviser for, and provides discretionary investment advisory services to, private funds and co-investment special purpose vehicles established to invest alongside a fund in a single portfolio company. e2p’s current funds include: the main funds, Entrepreneurial Equity Partners Fund I, L.P. (“Fund I”) and Entrepreneurial Equity Partners Fund II, L.P. (“Fund II”); Entrepreneurial Equity Partners F&F I, L.P. (the “Friends and Family Fund”); and several co- investment special purpose vehicles (the “Co-Investment Funds” and collectively with Fund I, Fund II and the Friends and Family Fund, the “Funds” unless the context otherwise requires). In addition, in certain circumstances, as more fully described in Item 7 below, the Firm also permits certain limited partners and third parties to co-invest alongside a Fund directly into a portfolio company. Unlike the Co-Investment Funds mentioned above, such direct co-investments are not considered Funds or clients of e2p. Each Fund is affiliated with a general partner with authority to make investment decisions on behalf of the Funds (together, the “General Partners”). The General Partners are deemed registered under the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder (“Advisers Act”), pursuant to e2p’s registration in accordance with SEC guidance. The applicable General Partner of each Fund retains investment discretion and limited partners in the Funds do not participate in the control or management of the Funds. While the General Partners maintain ultimate authority over the respective Funds, e2p has been designated the role of investment adviser. For more information about the Funds and General Partners, see e2p’s Form ADV Part 1, Schedule D, Section 7.A. and Section 7.B.(1). e2p provides investment advisory services as a private equity fund manager to its Funds. The Funds invest through privately negotiated transactions in operating companies, generally referred to as “portfolio companies”, in the food and consumer industries primarily in North America. Each portfolio company has its own independent management team responsible for managing its day-to- day operations, although the senior principals or other personnel and/or third parties appointed by e2p will generally serve on the portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies held by the Funds. In addition, in some cases, e2p will more directly influence the day-to-day management of the portfolio company by recruiting
and installing certain individuals in various leadership roles, such as chief executive officer, chief operating officer, chief financial officer or in other roles. e2p’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions of such investments. Investments are made predominantly in nonpublic companies, although investments in public companies are permitted in limited instances. e2p’s investment advice and authority for each Fund is tailored to the investment objectives of that Fund; e2p does not tailor its advisory services to the individual needs of limited partners in its Funds. The Fund investment objectives are described, as applicable, in the private placement memorandum, limited partnership agreement, investment advisory agreements, subscription agreements, side letter agreements and other governing documents of the relevant Fund (collectively, “Governing Documents”) and limited partners determine the suitability of an investment in a Fund based on, among other things, the Governing Documents. The Firm does not seek or require limited partner approval regarding each investment decision. Fund limited partners cannot impose restrictions on investing in certain securities or types of securities, other than through side letter agreements. Limited partners in the Funds participate in the overall investment program for the applicable Fund and generally cannot be excused from a particular investment except in certain circumstances pursuant to the terms of the applicable Governing Documents. In accordance with industry common practice, e2p has entered into side letters with certain limited partners, including those who make substantial commitments of capital or were early- stage investors in the Funds, or for other reasons in the sole discretion of e2p, in each case that have the effect of establishing rights under, or altering or supplementing, a Fund’s Governing Documents. Examples of side letters entered into include limited partner advisory committee representation, provisions whereby limited partners have expressed an interest in participating in co-investment opportunities, certain limited expense arrangements, notification provisions, reporting requirements and “most favored nations” provisions, among others. These rights, benefits or privileges are not always made available to all limited partners nor in some cases are they required to be disclosed to all limited partners, consistent with general market practice. Side letters are negotiated at the time of the relevant limited partner’s capital commitment, and once invested in a Fund, limited partners generally cannot impose additional investment guidelines or restrictions on such Fund. There can be no assurance that the side letter rights granted to one or more limited partners will not in certain cases disadvantage other limited partners. e2p is owned by founding partners Mark Burgett and Christopher Fraleigh. For more information about e2p’s owners and executive officers, see e2p’s Form ADV Part 1, Schedule A and Schedule B. As of December 31, 2022, e2p managed $1,170,435,109 in regulatory assets, all managed on a discretionary basis. e2p does not manage any investments on a non-discretionary basis.