Overview
Gates Capital was founded in 1996 under the laws of the State of Delaware. Gates Capital is
owned exclusively by its founder, Jeffrey L. Gates.
Gates Capital sponsors and serves as investment manager to domestic limited partnerships, an
offshore business company and an offshore limited partnership (the “Funds”, which as of the date
of this Brochure are also the only advisory clients, or “Clients”).
As the investment manager of the Funds, Gates Capital has overall responsibility to manage and
control the business affairs of the Funds, including the exclusive authority to oversee and to
establish policies regarding the management, conduct and operation of the Funds' business.
Gates Capital manages the Funds in accordance with the terms of the offering memorandum and
other governing documents applicable to the Fund.
Currently, Gates Capital provides these services to the following Funds:
• ECF Value Fund, L.P.
• ECF Value Fund II, L.P.
• ECF Value Fund International Ltd.
• ECF Value Fund International Master
L.P.
For information about the investment strategies of the Funds, see discussion under “Methods of
Analysis, Investment Strategies and Risks of Loss.” Also, details regarding the investment
objective for each Fund can be found in the offering memoranda and other governing documents.
Shares or limited partnership interests in the Funds are not registered under the U.S. Securities
Act of 1933, as amended (the “Securities Act”); nor are the Funds registered under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). Accordingly, interests or
shares in the Funds are offered and sold exclusively to investors satisfying the applicable eligibility
and suitability requirements, either in private transactions within the United States or in offshore
transactions. Investment advice is provided directly to the Funds by Gates Capital and not
individually to the Funds’ investors.
As of December 31, 2023, the Company managed approximately $3,643,526,000 in regulatory
assets under management on a discretionary basis.