9AT: MAIRS & POWER VENTURE CAPITAL

MAIRS & POWER VENTURE CAPITAL

other names

MAIRS & POWER VENTURE CAPITAL
MAIRS & POWER PRIVATE CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	01/02/2024
Registration status	Terminated
ADV Location	ST. PAUL, MN, United States
Contact Info	651 xxxxxxx
Websites

AUM^*	19,155,000 21%
of that, discretionary	19,155,000 21%
Private Fund GAV^*	0
Avg Account Size	19,155,000 21%
SMA’s	No
Private Funds	0 1

Adviser Type

- Related adviser

Number of Employees 44 -4%

of those in investment advisory functions 19 6%

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

Reported AUM

19M 16M 14M 11M 8M 5M 3M

2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Mairs & Power Private Capital Management, LLC (“PCM”) is an SEC-registered investment adviser based in St. Paul, Minnesota. The firm was founded in 2021 and is a fully owned subsidiary of Mairs & Power, Inc., a related SEC-registered investment adviser. Please refer to Item 10, Other Financial Industry Activities and Affiliations for a discussion of matters relating to PCM’s affiliates. PCM provides investment management services to privately-placed pooled investment vehicles (the “Private Funds” or “Funds”) focusing on venture capital investments in a variety of sectors. PCM provides investment management services on a discretionary basis and typically engages third-party service providers, such as administrators and auditors, on behalf of the Funds. PCM provides investment management services as described in the investment strategy of the relevant Private Fund. The investment strategy is outlined in each Fund’s Private Placement Memorandum (the “PPM”), limited partnership agreement, or other governing documents (collectively, the “Governing Documents”). The Governing Documents should be read carefully for a description

of the merits for and risks associated with such type of investment prior to investing. Additionally, PCM has the ability to enter into agreements, such as side letters, with certain investors in the Private Funds that provide for terms of investment that are more favorable than the terms provided to other investors in the Private Funds. Such terms may include, but are not limited to, the waiver or reduction of fees or the provision of additional reports and information. Any existing side letters or other agreements are generally disclosed only to investors in the applicable Private Fund that have the right to review such agreements. To the extent permitted by law, PCM has engaged its affiliate, Mairs & Power, Inc., to provide support related to its responsibilities. Mairs & Power, Inc. provides certain administrative services to PCM such as the review and processing of new account documentation, implementation of Private Funds, account monitoring, and other administrative and operational services as delegated. As of December 31, 2022, we managed $19,155,000 of client assets on a discretionary basis.