Fairview Partners Investment Management, LLC (“Fairview”) is a Delaware limited liability
company formed on March 5, 2014. The sole member of Fairview is Fairview Partners, LLC, a
Washington limited liability company (“FP”). FP is beneficially owned by Carson A. Rasmussen
and Nels D. Stemm through their respective, separate holding companies, CAR Investments LLC
and Stemm Development LLC, each a Washington limited liability company. Fairview’s principal
place of business is located in Seattle, Washington. Fairview’s registration as an investment
adviser became effective in the state of Washington on August 26, 2014. Fairview’s registration
as an investment adviser became effective in the state of California on March 30, 2015. As of
February 6, 2018, Michael V. Morgan ceased to provide services to Fairview (and its affiliates)
and, in March of 2019, ceased to be a member of FP, the sole member of Fairview. As a result,
the day to day operations of Fairview (and its affiliates) are controlled by Carson A. Rasmussen
and Nels D. Stemm. Fairview’s registration as an investment adviser with the SEC became
effective on April 23, 2021 and Fairview subsequently withdrew its registration in each of the state
of Washington and the state of California.
Fairview serves as the investment manager to certain private investment funds, and in the future
may offer investment advisory services to other private investment funds (each, a “Fund” and
collectively, the “Funds”) and to separately managed accounts. Either Fairview or an entity
affiliated with Fairview (each such affiliate, an “Affiliate”) generally acts as managing member or
general partner (as applicable) of each Fund (each, a “Fund Sponsor”). The Fund Sponsors (other
than Fairview) do not provide investment advisory services. Fairview provides investment
advisory to each of the following Funds: Fairview Investment Fund IV, LP (“Fund IV”), Fairview
Investment Fund V, LP (“Fund V”), Fairview Investment Fund VI, LP (“Fund VI”), Fairvivew
Investment Fund VII, LP (“Fund VII”), Fairview Evergreen Fund, L.P. (“Evergreen Fund”), FV
Austin, LLC (“FVA”), FV CK Holdings, LLC (“CK Holdings”), FV Santa Fe, LLC (“FV SF”),
FV Truck Stops, LLC (“FV TS”) and Fairview Gold Fund I, LP (the “Gold Fund”). Fairview may
also provide investment advisory services to non-Fund clients in the future. In the spring of 2020,
Fairview received a Paycheck Protection Program Loan through the SBA in conjunction with the
relief provided under the CARES Act. Fairview used the proceeds of the loan to supplement its
payroll obligations and Fairview suffered no interruption of service. For more information
concerning Fairview’s Fund Sponsors, see Item 10 below.
Fairview does not tailor its advice to the needs of any investor in a Fund. Fairview does, however,
tailor its advisory services to the specific investment objectives and restrictions of each Fund
pursuant to the investment guidelines and restrictions set forth in each Fund’s private placement
memorandum, limited liability company or limited partnership agreement (as applicable) and other
governing documents (collectively, the “Governing Documents”). Further information regarding
Fairview’s management of the Funds, including regarding methods of analysis, investment
strategies and risks, is provided below in Item 8.
Fairview presently does not participate in wrap fee programs.
As of March 15, 2024, the amount of assets managed by Fairview was approximately
$235,774,807. Subject to certain investment limitations and investor rights, all assets managed by
Fairview are managed on a non-discretionary basis.