AURORA CAPITAL PARTNERS MANAGEMENT VI L.P. other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm


Number of Employees:

30

of those in investment advisory functions:

25


Registration:

SEC, Approved, 1/13/2022

AUM:

5,539,889,670 19.96%

of that, discretionary:

5,539,889,670 19.96%

Private Fund GAV:

5,521,336,965 20.67%

Avg Account Size:

395,706,405 54.23%


SMA’s:

NO

Private Funds:

12 6

Contact Info

310 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
5B 4B 3B 3B 2B 1B 660M
2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Private Equity Fund 12 $5,521,336,965

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LEEDS EQUITY PARTNERS - - 5.1b - - - - 5.1b 5.1b 31
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Private Funds



Employees




Brochure Summary

Overview

Aurora (as defined below) is based in Los Angeles, California. Aurora Capital Partners Management VI L.P., a Delaware limited partnership (“ACPM VI”) and Aurora Capital Partners Management L.P., a Delaware limited partnership (“ACPM,” and together with ACPM VI and ACP IV (as defined below), the “Managers”) are the investment managers for the main private equity funds (the “Funds”). The Funds focus principally on control investments in middle market businesses with leading market positions, strong cash flow profiles and actionable opportunities for growth in partnership with operating management. The business of managing the Funds (together with their predecessor funds), which is sometimes referred to using the trade name “Aurora Capital Partners,” was founded in 1991. ACPM VI is the investment manager for Aurora Equity Partners VI L.P. and Aurora Equity Partners VII L.P. ACPM VI is principally controlled by Robert W. Fraser, Joshua R. Klinefelter, Matthew B. Laycock, John T. Mapes, Mark R. Moser, Mark D. Rosenbaum and Andrew P. Wilson through their direct ownership in Aurora Capital Partners UGP LLC (“ACP UGP”). ACPM VI is directly owned by Aurora Management Holdings L.P. (“AMH”), which is principally owned by Aurora Management Feeder II L.P. and the general partner for both entities is ACP UGP. ACPM is the investment manager for Aurora Equity Partners V L.P., and is principally controlled by Joshua R. Klinefelter, John T. Mapes, and Mark D. Rosenbaum through their direct ownership in Aurora Fund V UGP LLC. ACPM is directly owned by AMH, which is principally owned by Aurora Management Feeder II L.P. ACPM and ACPM VI also serve and are permitted to serve as investment managers for certain co-investment, parallel and/or feeder vehicles related to the Funds. ACPM VI is also permitted to serve as investment manager for future Funds. Certain affiliates of ACPM and ACPM VI act as General Partners (as defined below) of current and future Funds. Other Relationships and Affiliations; Use of Defined Terms The following primary general partner and/or managing member entities are affiliated with the Managers: Aurora Advisors IV LLC; Aurora Capital Partners V L.P.; Aurora Fund V UGP LLC; Aurora Capital Partners VI L.P.; and Aurora Capital Partners VII L.P. Certain other entities also affiliated with the Managers serve as general partner or managing members of certain co- investment, parallel and/or feeder vehicles related to the Funds. The foregoing general partner and/or managing member entities are each referred to herein as a “General Partner” (and collectively, together with any future affiliated general partner entities, the “General Partners,” and collectively with the Managers, “Aurora”). Aurora Capital Partners IV LLC (“ACP IV”) is the manager for certain liquidation trusts and legacy investment vehicles that as of December 31, 2023 had gross assets of $19,173,041. ACP IV is principally owned by John T. Mapes and Gerald L. Parsky (a former Aurora partner who is no longer active other than his involvement with ACP IV). The liquidation trust entities and legacy investment vehicles will be dissolved upon the closing of the sale of the real property held by the trust which is currently under contract for sale. The Managers, which have related ownership, are affiliates of each other and of each General Partner. The Managers and the General Partners together operate a single advisory business,
and this Brochure describes the business practices of the Managers and the General Partners. Each General Partner, ACPM and ACP IV is subject to the Investment Advisers Act of 1940, as amended (the “Advisers Act”), pursuant to ACMP VI’s registration in accordance with SEC guidance. References to a “Fund” shall include, unless the context requires otherwise, its respective feeder and/or parallel investment vehicles, and co-investment vehicles to the extent Aurora provides advisory services thereto. Description of Businesses Aurora provides investment advisory services to pooled investment vehicles that are exempt from registration under the Investment Company Act of 1940, as amended, and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The Managers currently provide investment advice to the Funds. In addition, Aurora provides investment advisory services to certain feeder vehicles which invest in a Fund and to parallel vehicles, alternative investment vehicles and/or certain co-investment vehicles which invest alongside a Fund in one or more specific portfolio investments. Such vehicles are permitted to be established in order to permit one or more investors to participate in one or more particular investment opportunities in a manner desirable for tax, regulatory or other reasons. There is generally limited discretion to invest the assets of these vehicles independent of limitations or other procedures set forth in the organizational documents of such vehicles and the related Fund. As investment adviser for each Fund, Aurora identifies investment opportunities and participates in the acquisition, management, oversight and disposition of investments for each Fund. Aurora provides these investment advisory services to each Fund pursuant to the limited partnership agreement governing such Fund, as well as separate investment advisory agreements (each an “Advisory Agreement”). The terms of the investment advisory services to be provided by Aurora to a Fund, including any specific investment guidelines or restrictions, are set forth in such Fund’s Advisory Agreement and/or in its limited partnership agreement. Aurora does not tailor its advisory services to the individual needs of any of the investors in the Funds (generally referred to herein as “investors” or “limited partners”). Advisory services are provided to the Funds based on each Fund’s overall investment guidelines and objectives, as well as the Fund’s overall portfolio characteristics, remaining life, available capital and other factors. Investment advisory services to parallel vehicles, alternative investment vehicles and certain co-investment vehicles typically include identification of the investment opportunity with respect to each such vehicle and participation in the acquisition, management, oversight and disposition of the investment. Such activities are incidental to, and generally consistent with, the determinations made with respect to such investments on behalf of the Funds, although the terms of such vehicles, the timing of investments and dispositions and returns may vary as discussed below. Aurora does not participate in any wrap fee programs. As of December 31, 2023, Aurora managed a total of approximately $5,539,889,670 of regulatory assets under management on a discretionary basis. Aurora does not manage any assets on a non-discretionary basis.