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Adviser Profile

As of Date 05/02/2024
Adviser Type - Large advisory firm
Number of Employees 11 22.22%
of those in investment advisory functions 9 28.57%
Registration SEC, Approved, 05/23/2022
AUM* 993,243,764 114.59%
of that, discretionary 993,243,764 114.59%
Private Fund GAV* 993,243,764 114.59%
Avg Account Size 76,403,366 65.07%
SMA’s No
Private Funds 13 3
Contact Info 202 xxxxxxx
Websites

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

Recent News

Reported AUM

Discretionary
Non-discretionary
463M 397M 331M 264M 198M 132M 66M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count13 GAV$993,243,764

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Brochure Summary

Overview

The Adviser, a Delaware limited partnership and a registered investment adviser, currently provides investment advisory services to investment vehicles privately offered to qualified investors in the United States and elsewhere. The Adviser commenced operations in September 2021. The Adviser’s clients include Capitol Meridian Fund I LP and Capitol Meridian Fund I-A LP, each a Delaware limited partnership (together, the “Main Fund”); CMP Executive Fund I LP (the “Executive Fund”) and certain co-investment funds (collectively, the “Co-Invest Funds. The Main Fund, the Executive Fund and the Co-Invest Funds, including any parallel or alternative vehicles thereto and any future and private investment funds to which the Adviser or its affiliates provide investment advisory services, are each a “Fund,” and collectively, the “Funds.” See Appendix A for a full list including additional funds. Capitol Meridian GP I LP (collectively with any future general partners that may be formed from time to time, each a “General Partner” and collectively with the Adviser and their affiliated entities, “Capitol Meridian”), is affiliated with the Adviser. Each General Partner is subject to the Advisers Act pursuant to the Adviser’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with the Adviser. The Funds are private equity funds and invest through negotiated transactions in operating entities (or “portfolio companies”). Capitol Meridian’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions for such investments. Although investments are made predominantly in non-public companies, investments in public companies are permitted. From time to time, where such investments consist of portfolio companies, the senior principals or other personnel of the Adviser or its affiliates generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies in which the Funds have invested. The Executive Fund invests side by side with the Main Fund on a pro rata basis. The Co-Invest Funds generally were formed to invest in a single portfolio company or a limited number of portfolio. The advisory services to the Funds are detailed in the applicable Fund’s private placement memoranda or other offering documents (each, a “Memorandum”), if any, limited partnership or other operating agreements (each, a “Partnership Agreement” and, collectively with any relevant Memorandum, the “Governing Documents”) and, as applicable, are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed- upon circumstances
pursuant to the Governing Documents; such arrangements generally do not and will not create an adviser-client relationship between the Adviser and any investor. The Funds or the General Partners generally enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the Governing Documents with respect to such investors. Additionally, as indicated above from time to time and as permitted by the Governing Documents, Capitol Meridian expects to provide (or agree to provide) and has provided (and agreed to provide) co-investment opportunities (including the opportunity to participate in co- invest vehicles) to certain limited partners of the Funds (“Limited Partners”) or other persons, including other sponsors, market participants, strategic investors (e.g., strategic partners), finders, consultants, Operations Group Members (as defined below), and other service providers, Capitol Meridian’s personnel and/or certain other persons associated with Capitol Meridian and/or its affiliates (e.g., a vehicle formed by Capitol Meridian’s principals to co-invest an annually specified percentage alongside a particular Fund’s transactions). Such co-investments, including those made through the Co-Invest Funds, typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, from time to time, for strategic and other reasons, a co- investor or co-invest vehicle (including a co-investing Fund) purchases a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer), which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment. Where appropriate, and in Capitol Meridian’s sole discretion, Capitol Meridian reserves the right to charge interest on the purchase to the co-investor or co-invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Fund for related costs. However, to the extent such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund. See also “Methods of Analysis, Investment Strategies and Risk of Loss-Risks of Investment-Conflicts of Interest.” As of December 31, 2023, the Adviser managed approximately $993,243,764 in client assets on a discretionary basis. The Adviser is principally owned by Brooke Coburn and Adam Palmer, who serve as the Adviser’s Founding Partners (or the “Founders”). Capitol Meridian Partners Holdings LLC acts as the general partner to the Adviser and is wholly owned by Brooke Coburn and Adam Palmer.