Overview
FEG Curio Investment Partners, LLC (referred to hereafter as the “Investment Manager”) was formed in
2022 and is a wholly-owned subsidiary of Fund Evaluation Group, LLC (“FEG”), a registered investment
advisor. The services provided by the Investment Manager are described below.
Curio Select L.P.
The Investment Manager provides discretionary investment advisory services to Curio Select, L.P., an
unregistered private fund (“Curio”). Curio Select L.P. is a Delaware series limited partnership comprised
of segregated series (each a “Series”), allowing investors to select among various alternative investment
strategies offered by third-party investment managers (“Underlying Managers”). Curio expects to offer
Series that invest primarily in one or more private funds that utilize hedging, private equity, private credit
and other alternative investment strategies (“Alternative Funds”). For Series that invest in two or more
Alternative Funds (each a “Multi-Fund Series”), the Investment Manager will have discretion over fund
selection, allocation, termination, and rebalancing. Additionally, the Investment Manager may engage a
Sub-Adviser to assist with the investment management services provided to a Multi-Fund Series. Each
Alternative Fund is managed by various third-party Underlying Managers. Specific information regarding
each Series is provided in the Series Supplement (the “Supplement”).
The minimum investment into Curio is $100,000 except as otherwise provided in the Series Supplement.
The Investment Manager may raise or lower this minimum requirement from time to time and accept initial
investments in amounts below the established minimum, in its discretion, or as required by the Underlying
Manager(s). Curio is structured as a 3(c)7 exempt private investment vehicle suitable for investors that are
both (i) an “accredited investor” as defined in Rule 501 under Regulation D and (ii) a “qualified purchaser”
(“QP”) as defined in Section 2(a)(51) of the Investment Company Act of 1940.
Curio Select GP, LLC, a Delaware limited liability company (the “General Partner”), serves as the general
partner of the Partnership and, in that capacity, has overall responsibility for managing the business and
affairs of the Partnership. The General Partner has appointed the Investment Manager as Curio’s investment
manager pursuant to an Investment Management Agreement under which the Investment
Manager is
responsible for engaging and removing the Underlying Managers.
The Investment Manager engages multiple Underlying Managers to manage Curio’s assets. Each
Underlying Manager will generally have full authority for making the investment decisions and overseeing
the execution of such investment decisions. The Investment Manager is responsible for identifying and
overseeing the Underlying Manager and Sub-Advisers for Curio.
Curio has been designed to provide long-term capital appreciation by allowing investors to select among
various Funds offered by multiple Underlying Managers. No assurance can be given that the Series
available on Curio at any given time will represent either a diversified or a representative group of strategies.
There can be no assurance that any Series will achieve its investment objectives or avoid substantial or total
losses. Past performance is not indicative of future results, and investors must be prepared to lose all or
substantially all of their investments in any Series or in Curio as a whole.
Each Series is managed in accordance with its own investment objectives and restrictions and is not tailored
to any particular individual investor. Since FEG Curio Investment Partners does not provide individualized
advice to investors, investors should consider whether a particular Series meets their investment objectives
and risk tolerance prior to investing. Information about each Underlying Fund can be found in its offering
documents, including its prospectus, Private Placement Memorandum (“PPM”) and other offering
documents. Investors should refer to the applicable offering documents for each Fund.
The Investment Manager has total regulatory assets under management of $14,464,530 as of September 30,
2023.
Managed Portfolios is a non-discretionary investment program which offers model portfolios to third
parties who serve as financial intermediaries and/or platform providers to individual clients. The
Investment Manager in conjunction with members of FEG’s Portfolio Management team are responsible
for the management of the models. The model portfolios are geared towards individual investors and seek
to add value through dynamic asset allocation and manager selection, supported by FEG’s Research Team.
Portfolio construction is generally comprised of a diversified mix of index funds, mutual funds, and
exchange traded funds.