Overview
Goodnow Investment Group, LLC (“Goodnow”) is a Connecticut based limited liability company.
Goodnow became an SEC registered investment advisor in January, 2006. Prior to becoming an SEC
registered investment advisor Goodnow operated as Goodnow, Gray & Co. Goodnow, Gray & Co. was
formed in 1969. Goodnow is 100% employee owned by seven individuals. The principal owners of
Goodnow are Randall M. Heck and Bradley J. Purcell.
Goodnow provides investment advisory services on a discretionary basis to private investment funds that
are offered to investors on a private placement basis (each a “Goodnow Fund” and collectively, the
“Goodnow Funds”) and institutions with separately managed accounts (each, a “SMA Client” and together
with the Goodnow Funds, the “Goodnow Clients”. The Goodnow Clients are organized by strategy
accordingly:
Long/Short Clients. Thresher Partners, LP, a Delaware limited partnership, Vertical Partners, LP,
a Delaware limited partnership, Old Kings Capital, LP, a Delaware limited partnership and Old
Kings Capital Offshore, Ltd, a Cayman Islands exempted company (collectively the “Long/Short
Funds”).
Long Only Clients. Old Kings Capital Long Only, LP, a Delaware limited partnership, SMA
Client (the “Long Only Funds”).
As of December 31, 2023, Goodnow’s
assets under management were as follows:
Long/Short Strategy. $772,115,430
Long Only Strategy. $106,849,149
Total net assets under management: $878,964,579
All assets are managed on a discretionary basis.
Goodnow does not participate in any wrap fee programs.
Goodnow makes all investment decisions on behalf of the Goodnow Clients. Goodnow’s primary
responsibilities, subject to the terms of the respective governing documents and/or management agreements
of the Goodnow Clients, is to identify, review, and select investment opportunities that can achieve the
Goodnow Clients’ investment objectives. Goodnow also provides certain administrative and management
services to the Goodnow Clients. Goodnow provides advice to the Goodnow Clients based on the specific
investment objectives and strategies described in the offering memorandum for each Goodnow Fund and
the management agreement of each SMA Client. Investors in the Goodnow Funds may not impose
restrictions on Goodnow related to investing in certain securities or types of securities. The investment
restrictions (if any) applicable to a SMA Client will be set forth in such SMA Client’s relevant management
agreement.
For a further discussion of these and related items, see Item 7 (Types of Clients) and Item 8 (Methods of
Analysis, Investment Strategies and Risk of Loss).