Z2 Investment Management, LP (“Z2”  or the “Firm”), a Delaware limited partnership, is an investment 
management  company located in Stamford, Connecticut  that provides investment advisory services to 
investment funds privately offered to qualified investors. The Firm commenced operations in September 
2022.  Z2 is principally owned by Scott Gold, Jacob Sussman and Vanadis Management LLC (Bobby Barrett). 
Old Orchard Capital, LLC, a Delaware LLC, acts as the general partner to the Firm, and is wholly owned by 
Scott Gold. 
Z2 primarily focuses on investments within private or public credit, distressed, special situation or private 
equity markets in the United States and Canada. This includes, without limitation, cash flow and asset based 
senior secured credit debt, unitranche loans (including delayed draw term loans and revolving credit 
facilities), junior capital opportunities (including second-lien loans) and subordinated debt. Z2 also may invest 
in minority or control equity securities, derivatives, litigation finance, special purpose vehicles formed for the 
purpose of facilitating the acquisition of assets, investments the purpose of which is to identify, capitalize 
and launch new businesses and/or ventures, partnerships/joint ventures (and provide recourse or 
nonrecourse loans) with other third parties, and investments in private funds, other investment managers or 
pooled investment vehicles.  
Z2 provides portfolio management and investment advisory services to private pooled investment vehicles 
or other investment vehicles (“Funds” or “Clients”). Each Fund relies upon an exemption from registration 
under Section 3(c)(7), exclusively for qualified purchasers (but
                                        
                                        
                                             reserves the right to rely on one or more other 
applicable exemptions as permitted by law).  
Z2’s investment advisory services include identifying and evaluating investment opportunities, negotiating 
the terms of investments, managing and monitoring investments and selling portfolio investments. Z2 
manages each of its Funds within the guidelines and restrictions set forth, as applicable, in each Fund’s private 
placement memorandum, limited partnership agreement (or limited liability company or other applicable 
governing agreement), subscription agreements, advisory agreements, side letter agreements and other 
governing documents of the relevant Fund (collectively, as amended, “Governing Documents”) and within 
regulatory guidelines and limitations. See Item 8 for additional information regarding the Firm’s investment 
strategies and risks. 
Each of the Funds are controlled by a general partner or managing member or similar governing entity as 
provided in the Governing Documents (“General Partner”). Each Fund’s General Partner has appointed Z2 (or 
an affiliate thereof) to serve as the  Fund’s investment manager, pursuant to a written agreement.  The 
General Partner in its discretion may offer co-investment opportunities to one or more Funds  or their 
affiliates, and to other funds, private investors, groups, entities,  or individuals. Co-investors will be 
determined by the General Partner in its sole discretion, and co-investment opportunities will be offered on 
a deal-by-deal basis. 
Z2 does not participate in wrap fee programs. 
Assets Under Management 
As of December 31, 2023, Z2 managed $859,579,074 in client assets (“AUM”) on a discretionary basis.