GHK Capital Partners LP (“GHK” or the “Investment Adviser”)) provides investment advisory
services to closed-end private equity investment vehicles, including, without limitation, (a) GHK
North Star Holdings LLC (“GHK North Star”), GHK Pure Co-Investment Vehicle LP (“GHK
Pure”), GHK Smokey Co-Investment Vehicle LP (“GHK Smokey”), and GHK AVC Co-
Investment Vehicle LP (“GHK AVC”) (together with GHK North Star, GHK Pure, and GHK
Smokey, the “GHK Direct Funds”) and (b) GHK Fund I LP (“GHK I”) and GHK Fund I (Parallel)
LP (“GHK I Parallel” and, together with GHK I, “GHK Fund I”) (in the case of the foregoing
clauses (a) and (b), together with any of their related parallel partnerships, feeder funds and/or
alternative investment vehicles, as the context may require, each a “Private Fund” and, together,
the “Private Funds”). In addition, GHK provides investment advisory services to a separate
investment account (“SIA”). Investment advisory services provided by GHK are provided directly
to the SIA and each Private Fund and not individually to the investors of a Private Fund. For
purposes of this brochure, the applicable general partner (or equivalent governing person) of a
Private Fund shall be referred to as the “General Partner.”
GHK Fund I
Certain disclosures provided herein (including, without limitation, the description of certain
organizational and partnership expenses in Item 5 and the description of certain investment risks
and conflicts of interest described in Item 8 relating to the Private Funds are based upon the
offering documents of GHK Fund I.
GHK Direct Funds
As discussed above under Item 4—GHK Fund I, certain disclosures provided herein are based
upon disclosures provided in the offering documents of GHK Fund I. Because each of the GHK
Direct Funds, unlike GHK Fund I, invests in a single portfolio company only, disclosures based
on the GHK Fund I offering documents will in some cases not be applicable to the GHK Direct
Funds. Investors in a GHK Direct Fund are encouraged to evaluate any such disclosures in light
of the specific purpose of each such GHK Direct Fund (that is, each GHK Direct Fund has invested
in only one portfolio company and does not expect to make future investments, other than potential
follow-on investments, in its applicable portfolio company).
The Private Funds
GHK (or one of its affiliates) serves as the Investment Adviser with discretionary authority to
implement investment decisions for each of the Private Funds. GHK’s investment decisions and
advice with respect to the Private Funds are in accordance with the investment objectives and
investment restrictions set forth in the respective constituent documents of each Private Fund and
any side letters that a Private Fund executes with its investors. The purpose of each of the Private
Funds is to make private equity investments primarily within the industrials sector.
GHK provides investment advisory services in accordance with the constituent documents of each
of the Private Funds. In providing services to the Private Funds, GHK formulates each Private
Fund’s investment objective, directs and manages the relevant investment and, when applicable,
reinvestment of each Private Fund’s assets, and provides periodic reports to the investors in each
Private Fund. Investment advice is provided directly to the Private Funds and not individually to
the investors of the Private Funds. GHK manages the assets of the Private Funds in accordance
with the terms and conditions of their respective constituent documents, each of which contains
certain restrictions on the types of assets in which the applicable Private Funds may invest.
Investors and prospective investors in a Private Fund should refer to the applicable constituent
documents for complete information on the specific terms, including investment objectives and
investment restrictions, applicable to such Private Fund. There can be no assurance that any of the
Private Funds’ objectives will be achieved.
Separate Investment Account
GHK currently serves as the Investment Adviser to one SIA with full discretionary authority to
hold, monitor, review, and sell the assets in the SIA. The purpose of the SIA is to make private
equity investments primarily within the industrials sector. GHK may serve as the Investment
Adviser to additional SIAs in the future, with the investment objectives and restrictions for each
SIA documented in a separate investment advisory agreement (“IAA”) between each SIA client
and GHK.
GHK was formed in 2018 and is wholly owned by Gilbert H. Klemann. As of December 31, 2022,
GHK had regulatory assets under management of $ $1,153,571,577 managed on a discretionary
basis. GHK does not manage any client assets on a non-discretionary basis.