Overview
Endurance Engineering Management LP (“Endurance” or the “Company” or the “Adviser”) is an
investment advisory firm that was founded in 2020 to manage long-term private equity investments
in the US engineering services industry. Endurance is principally owned by Gerald L. Parsky.
Endurance provides discretionary investment advice to private funds (each, a “Fund” and,
collectively, the “Funds”) that are exempt from registration under the Investment Company Act of
1940, as amended, and whose offerings of securities are exempt from registration under the
Securities Act of 1933, as amended. Currently, Endurance manages a single Fund (the “Single Asset
Fund”) that holds an investment in a single portfolio company (the “Portfolio Company”), but
Endurance may sponsor and manage additional Funds in the future.
As the investment adviser to each Fund, the Adviser invests each Fund’s assets pursuant to an
investment advisory agreement that such Fund has entered into with the Adviser, and in accordance
with such Fund’s limited partnership agreement and other governing documents, as the same may
be
amended from time to time (the “Governing Documents”). Endurance tailors its investment
advisory activities to comply with the investment objectives, guidelines and restrictions set forth in
such Governing Documents, but does not tailor its investment advisory activities on behalf of a Fund
to the needs of any individual investors in the Fund.
In accordance with common industry practice, each Fund or its general partner may from time to
time enter into a “side letter” or similar agreement with an investor pursuant to which the Fund or
its general partner grants the investor specific rights, benefits or privileges that are not generally
made available to all investors. The terms of such “side letters” or similar agreements are generally
not disclosed to other investors in a Fund, except to investors that have separately negotiated for the
right to review such agreements. See “Item 8 – Methods of Analysis, Investment Strategies and Risk of
Loss” for additional details.
As of December 31, 2023, Endurance had approximately $332,985,272 in regulatory assets under
management, all of which were managed on a discretionary basis.