Darlington Partners Capital Management, LP (hereinafter “Darlington Partners”, “we”, “us”,
“our” or the “Firm” was organized in June 2020 as a Delaware limited partnership with a principal
place of business located in Greenbrae, CA.
Darlington Partners, L.P. launched in 1996 with Fairview Capital Investment Management, LLC
(“Fairview”) as its general partner. Scott Clark joined Fairview as a portfolio manager in 2001 and
assumed full portfolio management responsibility for Darlington Partners, L.P. by 2002. Effective
April 1, 2021, the Firm’s principals, Scott Clark, Ramsey Jishi, Eric Nusinow and the other members
of the team that manage Darlington Partners, L.P. and the other funds described below separated
from Fairview and launched the Firm.
Our affiliate, Darlington Partners GP, LLC (the “General Partner”), serves as the general partner
of the Firm and as general partner to each of the Firm’s Funds (as defined below).
We serve as the investment adviser, with discretionary trading authority, to private, pooled
investment vehicles, the securities of which are offered to accredited investors, as defined under
the Securities Act of 1933, as amended, and qualified purchasers, as defined under the Investment
Company Act of 1940, as amended. We do not tailor our advisory services to the individual needs
of any particular investor.
Darlington Partners manages the following private, pooled investment vehicles:
• Darlington Partners, L.P., a Delaware limited partnership,
• Darlington Partners
II, L.P., a Delaware limited partnership, and its feeder fund, Darlington
Partners Offshore, L.P., a Cayman Islands exempted limited partnership that launched on
February 1, 2023, and
• DP Liquidating Fund, L.P., a Delaware limited partnership.
Darlington Partners, L.P., Darlington Partners II, L.P. and Darlington Partners Offshore, L.P. are herein
each referred to as a “Fund” or “Client”, and collectively referred to as the “Funds” or the
“Clients”, and DP Liquidating Fund, L.P. is referred to herein as the “Liquidating Fund”).
Our investment decisions and advice with respect to the Funds are subject to each Fund’s
investment objectives and guidelines, as set forth in its respective “Offering Documents.”
We seek to generate attractive risk-adjusted returns over the long term and preserve capital by
avoiding permanent impairments. We aim to achieve these goals primarily through our Funds’
ownership of a concentrated portfolio of investments in high-quality businesses purchased at
discounted valuations that provide a significant margin of safety. A small portion of Fund assets
may be invested in a more opportunistic fashion to take advantage of shorter- term opportunities
and asymmetric risk-reward opportunities. The Funds primarily invest in equity securities of public
and private companies.
We do not currently participate in any Wrap Fee Programs.
As of December 31, 2022, Darlington Partners has regulatory assets under management of
approximately $1.518B, all managed on a discretionary basis.