Overview
Description of Advisory Business
Founded in 2023 and based in Boston, the Management Company is a Delaware limited partnership and registered
investment adviser which specializes in investment management to one or more private investment funds
(collectively with any future private investment fund to which it provides investment advisory services, including
employee and co-investment vehicles, the “Funds,” and each, a “Fund”). An affiliated entity formed by the
Management Company serves as general partner to each Fund (collectively with any future general partner to a
Fund, the “General Partners,” and each a “General Partner”). The Management Company and the General Partners
(each, an “Adviser” and collectively, “Astira”) generally operate as a single advisory business. Each of the Advisers is
registered under the Advisers Act pursuant to the Management Company’s registration as an investment adviser in
accordance with SEC guidance. The principal owner of the Management Company is Azra Kanji.
As of the date of this Brochure, the Funds include: Astira Capital Partners Fund I LP and Astira Capital Partners Fund
I-A LP (collectively, “Fund I”). The General Partner of Fund I is Astira Capital Partners I GP LP (“Fund I GP”). The Funds
are private equity funds and will invest through negotiated transactions in operating companies, generally referred
to herein as “portfolio companies.” Where such investments consist of portfolio companies, the senior principals or
other personnel of or consultants to Astira expect to in most cases serve on such portfolio companies’ respective
boards of directors or otherwise act to influence control over management portfolio companies in which the Funds
have invested.
Astira’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. Astira primarily invests in middle-market
B2B workflow solutions businesses in target areas including
Governance, Risk and Compliance (“GRC”), Government Technology & Services, Financial Services and Marketing
Services. Additionally, from time to time, Astira may in the future provide certain current or prospective investors or
other persons (including other sponsors, market participants, finders, consultants and other service providers,
portfolio company management or personnel) the opportunity to participate directly in certain portfolio companies
by co-investing alongside a Fund.
Astira’s advisory services for the Funds are detailed in the applicable private placement memorandum or other
offering document (each, a “Memorandum”) and/or limited partnership agreement or other operating agreement
(each, a “Limited Partnership Agreement” and together with the Memorandum, the “Governing Documents”).
Astira has entered and expects in the future to enter into “side letters” or similar or other arrangements with certain
investors that have the effect of granting the investor specific rights, benefits, or privileges that are not made
available to investors generally. Certain side letter rights are likely to confer benefits on the relevant limited partner
at the expense of the relevant Fund or of limited partners as a whole, including in the event that a side letter confers
additional reporting, information rights and/or transfer rights, the costs and expenses of which are expected to be
borne by the relevant Fund. Investors generally will receive disclosure of side letter agreements through the MFN
process as further discussed in the Governing Documents.
As of December 31, 2023, Astira’s regulatory assets under management is $702,819,129, all of which is managed on
a discretionary basis. Astira does not manage any assets on a non-discretionary basis.
The information provided herein about Astira’s investment advisory services is qualified in its entirety by reference
to the Governing Documents and the Funds’ subscription agreements.