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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 15
of those in investment advisory functions 14
Registration SEC, Approved, 12/01/2020
AUM* 535,339,663 13.88%
of that, discretionary 535,339,663 13.88%
Private Fund GAV* 535,339,663 13.88%
Avg Account Size 133,834,916 13.88%
SMA’s No
Private Funds 4
Contact Info (78 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
470M 403M 336M 269M 201M 134M 67M
2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count4 GAV$535,339,663

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Brochure Summary

Overview

Stride Consumer Partners LLC (“Stride Consumer”) is a Delaware limited liability company and a registered investment adviser that began operations in June 2020. Stride Consumer, and its affiliated investment advisers, provide investment advisory services to private investment funds. Stride Consumer provides investment advisory services to Stride Consumer Fund I, L.P., a Delaware limited partnership, and Stride Consumer Fund I Coinvest, L.P., a Delaware limited partnership (collectively, and together with any separate investment vehicles formed from time to time, “Fund I”, and together with any future private investment fund or co-investment vehicle to which Stride Consumer or its affiliates provide investment advisory services, the “Funds” and each, a “Fund”). Stride Consumer also provides, and may in the future provide, investment advisory services to certain friends and family vehicles that invest alongside the Funds. The general partner of Fund I is Stride Consumer Fund I GP, L.P., a Delaware limited partnership (the “General Partner” and together with Stride Consumer and their affiliated entities, “Stride”). The General Partner and Stride Consumer are affiliates. The General Partner is registered under the Advisers Act pursuant to Stride Consumer’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partner, which operates as a single advisory business together with Stride Consumer. Fund I invests in equity or other securities (including debt securities) and seeks to provide equity-like returns in lower-middle market portfolio companies in targeted consumer sectors. Stride’s investment advisory services to its Funds consist of identifying and evaluating investment opportunities, negotiating, managing, financing and monitoring investments and achieving dispositions for such investments. Stride is principally owned by Steven Berg. Stride’s day-to-day investment management activities are undertaken by Steven Berg, Tim Burke and Juan Marcos Hill (collectively, the “Principals”). Stride’s investment advisory services to the Funds are tailored in accordance with each Fund’s investment strategy as set forth in the applicable private placement memorandum (or other applicable disclosure documents), partnership agreement (or similar governing document) and/or investment management agreement (each a “Governing Document”, and collectively, the “Governing Documents”). Stride’s advisory services are further described below under Item 8 “Methods
of Analysis, Investment Strategies and Risk of Loss.” Currently, Stride only advises the Funds. In the future, Stride could determine to advise separately managed accounts or single investor vehicles. Stride investors participate in the overall investment program for the applicable Fund, but are permitted to be excused or excluded from a particular investment due to legal, regulatory or other applicable constraints. Additionally, from time to time, Stride has provided and may in the future provide (or agree to provide) certain investors or other persons the opportunity to participate in co-invest vehicles (each a “Co-Invest Fund”) that will invest at substantially the same time and on substantially the same terms as a Fund in certain investments. The Funds or the General Partner have entered and may in the future enter into side letters or other written agreements with certain investors that have the effect of establishing rights or provisions under, or altering or supplementing, the terms of the Fund’s partnership agreement or an investor’s subscription agreement with respect to such investor. Such provisions have included and could include, without limitation, rights with respect to fees, expenses, priority on co- investment opportunities, distributions, excuse or exclusion from investments, transfers of interests in the Fund, tax and other reporting, notice requirements, and other representations, warranties or diligence confirmations. For the most part, any rights established, or any terms altered or supplemented will govern only the investment of the specific investor and not the terms of a Fund as whole. Certain such additional rights but not all rights, terms or conditions could be elected by certain sizeable investors with “most favored nations” rights pursuant to a Fund’s limited partnership agreement. Stride generally will not be required to notify all other limited partners of any such side letters or of any of the rights or terms or provisions thereof. The information provided herein about the investment advisory services provided by Stride is qualified in its entirety by reference to the Funds’ Governing Documents, including offering materials and limited partnership and subscription agreements. As of December 31, 2023, Stride Consumer managed approximately $535,339,663 in client assets on a discretionary basis. As of December 31, 2023, Stride Consumer did not manage any assets on a non-discretionary basis.