Park Street Capital Advisers, L.L.C., formerly known as TAPE Advisers, L.L.C. is an investment
adviser registered with the Securities and Exchange Commission pursuant to the Investment Advisers
Act of 1940, as amended (the “Advisers Act”). Registration as an investment adviser, however, does
not imply a special level of skill or training.
PSC Management, L.L.C., an affiliate of Park Street Capital Advisers, L.L.C., is an investment
adviser under common control with Park Street Capital Advisers, L.L.C. and operates as a single
advisory business (collectively, “Park Street”). PSC Management, L.L.C. is listed as a relying adviser
on Park Street Capital Advisers, L.L.C.’s Form ADV Part 1A.
Park Street provides advice to private investment funds with investment focuses across a variety of
strategies, stages, industries and geography (the “Park Street Funds”). The Park Street Funds use a
“fund of funds” investment structure and, as such, the Park Street Funds do not typically make direct
investments in publicly-traded securities or in private operating entities.
Park Street was formed in 2001. The principal owners of Park Street are Dorr Begnal and Kristine
Dailey.
Park Street advises private investment funds with investment focuses on private equity or equity-
oriented fund investments with select managers in the buyout, venture capital and capital restructuring
sectors. Park Street also provides advice to
private investment funds with investment focuses on a
broad range of natural resource sectors.
Investors and prospective investors in each Park Street Fund should refer to the confidential private
placement memorandum, limited partnership agreement, adviser agreement and other governing
documents for each Park Street Fund (the “Governing Documents”) for complete information on the
investment objectives and investment restrictions with respect to a particular Park Street Fund. There
is no assurance that any of the Park Street Funds’ investment objectives will be achieved.
In accordance with common industry practice, the Park Street Fund general partners have entered into
“side letters” or similar agreements with certain investors in the Park Street Funds pursuant to which
the general partner grants the investor specific rights, benefits, or privileges that are not made
available to investors generally. See “Item 8 – Methods of Analysis, Investment Strategies and Risk
of Loss” below for more details.
Park Street does not participate in any wrap fee programs.
Park Street manages assets on a discretionary basis in accordance with the terms and conditions of
each of the Park Street Fund’s Governing Documents. As of September 30, 2023, the amount of assets
Park Street manages on a discretionary basis was approximately $842,476,022. Park Street does not
manage any assets on a non-discretionary basis.