Overview
A. Description of the Advisory Firm
Seaside Equity Partners, LLC (“Seaside Equity”), a Delaware limited liability company, is a
registered investment adviser managing private equity funds based in San Diego, California.
Seaside Equity was formed on September 23, 2019. Andrew Thompson is the principal
owner and Managing Director of Seaside Equity.
B. Types of Advisory Services
Seaside Equity serves as general partner and investment adviser to private investment funds
(the “Funds”). Seaside Equity may decide in the future to sponsor or manage additional
private investment funds (collectively with the Funds, the “Clients”).
Pursuant to each Fund’s offering memorandum, limited partnership agreement, and
subscription documents (“Constituent Documents”), Seaside Equity is a private equity
investment firm that focuses on lower middle market buyout transactions of business
services companies in the western United States. The Firm’s investment strategy is generally
focused on what Seaside believes are three highly
compelling and strategically targeted
private equity investment opportunities: (i) the western United States, (ii) the business
services industry, and (iii) lower middle market buyout transactions.
The Funds are offering limited partnership interests (“Interests”) to certain qualified
investors as described in response to Item 7, below (such investors are referred to herein as
“Investors”).
C. Client Tailored Services and Client Imposed Restrictions
Advisory services are tailored to achieve the Clients’ investment objectives. With respect to
the Funds, Seaside Equity has the authority to select which and how many securities and
other instruments to buy or sell without consultation with the Fund or its Investors.
D. Wrap Fee Programs
Seaside Equity does not participate in wrap fee programs.
E. Amounts Under Management
Seaside Equity manages the assets of the Clients and has the following assets under
management:
Discretionary Amounts: Non-Discretionary Amounts: Date Calculated:
$623,754,056 $27,928,007 December 31, 2023