Corsair is a Delaware limited liability company and an investment adviser located in New York, New York.
The Adviser provides investment advisory services through certain of its subsidiaries and/or affiliates (the
“Advisory Affiliates”) to pooled investment vehicles and separately managed accounts (the “Clients” or the
“Funds”).
The Funds make or made investments primarily in private equity, equity-related, debt and other securities in
accordance with the investment guidelines for business focusing in the global financial and business services
industry (the “Buyout Funds”) and certain of the Funds, including separately managed accounts,
manage businesses focusing in the infrastructure sector and make other investments related to its
transportation infrastructure platform companies (the “Infrastructure Funds”). All of the Funds are exempt
from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”),
pursuant to Sections 3(c)(1) or 3(c)(7) of the Investment Company Act or by virtue of accepting only foreign
investors. Interests in the Funds are privately offered only to qualified investors.
Certain Advisory Affiliates are responsible for carrying out the day-to-day investment activities of the Funds
(the “Investment Managers”) and certain other Advisory Affiliates are responsible for serving as general
partners (or similar managing fiduciaries) of the Funds (the “General Partners”).
The Adviser was established in 2006. The Adviser’s principal owner is Corsair Capital, L.P., which in turn
is controlled by D.T. Ignacio Jayanti through its general partner.
The Funds invest or have invested primarily in private equity, equity-related, debt and other securities and
obligations (including preferred equity, subordinated debt or similar
securities) in the global financial and
business services industry or infrastructure sector. The Funds may also generally invest in derivative
financial instruments and may utilize leverage in connection with their investment strategies, subject to
certain limitations. Investment in portfolio companies will, in certain circumstances, be made indirectly by
investing through partnerships or other entities (or by causing certain investors to invest through affiliated
partnerships (or other entities)). The investment guidelines of each Fund are memorialized in the applicable
Fund’s governing documents.
The Adviser generally utilizes similar strategies for all of the Buyout Funds and for all of the Infrastructure
Funds, respectively. However, the Adviser will tailor its advisory services to the specific needs of a Fund
when deemed necessary. Investment advice is provided directly to each Fund and not individually to the
investors of each Fund. The Buyout Funds targeted investments in financial and business services companies
globally, in North America, Europe, Asia, Latin America, Africa and the Middle East, although certain of
the more recent Buyout Funds only target investments in that are predominantly based in North America and
Europe. Sub-sectors of the financial and business services industry in which the Buyout Funds invest include
banking, insurance, wealth and asset management, services, specialty finance and banking and financial
technology. The Infrastructure Funds own investments that operate in the infrastructure sector in Canada,
Europe and Australia.
The Adviser does not participate in wrap fee programs.
As of December 31, 2022, the Adviser manages $8,542,862,572 in assets on a discretionary basis, and $
1,456,692,536 in assets on a non-discretionary basis.