Overview
ADVISORY BUSINESS
Advisory Firm Description
Augment was established in June 2021 and operates as a private investment advisory firm
focused on a global private equity, infrastructure strategy primarily through control
oriented private investments. Augment is indirectly owned by Augment Infrastructure
Partners, LP and EM Infrastructure Managers LLC. Augment Infrastructure Partners, LP
is indirectly owned by Darius Lilaoonwala and Viktor Kats (the “Managing Partners”),
who are responsible for the day-to-day management of Augment. EM Infrastructure
Managers LLC is indirectly owned by Old Mutual Limited, a pan-African investment,
savings, insurance, and banking group that is listed on the Johannesburg Stock Exchange,
Zimbabwe, Namibia and Botswana Stock Exchanges. As used in this brochure, “we”, “us”
and “our” refer to Augment and its advisory business.
Types of Advisory Services
Augment provides investment advisory and management services to private funds,
privately placed partnerships exempt from registration under the Investment Company Act
of 1940, as amended, and the regulations promulgated thereunder (the “Funds”). The
relationships between Augment and the Funds are governed by the Investment Advisers
Act of 1940, as
amended (the “Advisers Act”), as well as the governing documents of the
Funds, including the terms of the investment advisory agreements. A related person of
Augment acts as the general partner (“General Partner”) of each Fund. The General Partner
is subject to the Advisers Act pursuant to Augment's registration in accordance with SEC
guidance. This Brochure also describes the business practice of the General Partner, which
operates as part of a single advisory business with Augment.
Tailored Advisory Services
Augment tailors its advisory services to the investment strategies (as described in Item 8
of this Brochure), specific terms and conditions of the Funds as described in the Limited
Partnership Agreements (“LPAs”), governing documents, and other offering documents of
the Funds (the “Governing Documents”). These documents include restrictions on
investing in certain instruments or types of assets, including concentration limits and other
restrictions. Fund investors should refer to the Fund’s LPA and other offering materials
for specific information about the Funds.
Client Assets Under Management
As of December 2023, Augment manages $259,519,832 in assets on a discretionary basis
and $0 assets on a non-discretionary basis.