Double Eagle Capital Management LP (“Double Eagle” or the “Firm”) provides investment advisory services on a discretionary basis to private investment vehicles intended for sophisticated and institutional investors. The private investment vehicles for which Double Eagle provides investment advice (as either the general partner or the investment manager) are also referred to in this Brochure as “Clients” or “Funds”. Double Eagle is a Texas limited partnership, formed on April 18, 2005, and an SEC-registered investment adviser. Double Eagle’s principal owner is Ernest William Kuehne III. As of December 31, 2023, the amount of Client assets managed on a discretionary basis was $107,453,019. Double Eagle does not manage any Client assets on a non-discretionary basis and does not participate in wrap fee programs. Double Eagle’s advisory services are offered through several private investment funds consisting of “funds- of-funds” (i.e., funds that seek to achieve their investment objective(s) by investing substantially all of their assets in hedge funds managed by third party investment managers).  Double Eagle is the general partner of Double Eagle Capital Ace Fund LP, a Delaware multi-series limited partnership (the “Domestic Ace Fund”) and the investment manager of Double Eagle Offshore Capital Ace Fund Ltd, a Cayman Islands exempted company (the “Offshore Ace Fund”).  Double Eagle Capital Medalist Management LP (“Medalist Management”) is a Texas limited partnership that is under Double Eagle’s supervision and control. Medalist Management serves as the general partner of Double Eagle Capital Medalist Fund LP, a Delaware limited partnership (the “Medalist Fund” and together with the Domestic Ace Fund, the “Domestic Funds”).  In this Brochure, Double Eagle, Medalist Management and their respective directors, partners, members, officers and employees are referred to collectively as “DEC”.

Fund-of-Funds Strategy DEC provides investment supervisory services to the Domestic Funds and the Offshore Ace Fund. Our investment supervisory services include: (1) periodically reporting of current portfolio holdings, valuations, transaction, capital gains/losses, investment income and performance to each Client’s investors, and (2) performing initial and ongoing due diligence to choose third-party managers who will manage a portion of the Client’s assets (typically by our Clients investing in investment partnerships and other investment vehicles sponsored by such third-party managers). The Domestic Ace Fund offers Series A, Series B and Opportunity Fund Series limited partner interests, and the Offshore Ace Fund offers Class A, Class B, and Opportunity Fund Legacy Class Shares and Opportunity Fund Class C Shares. We offer Class A and Class B Shares of the Offshore Ace Fund with similar terms to the Series A and Series B limited partner interests of the Domestic Ace Fund. The Offshore Ace Fund invests all monies raised through the sale of shares of the Offshore Ace Fund to investors in limited partner interests of the Domestic Ace Fund. We offer Opportunity Fund Series Shares of the Offshore Ace Fund with similar terms to the Opportunity Fund Series limited partner interests of the Domestic Ace Fund. The Medalist Fund offers Founders Class and Class A limited partner interests. Our sole Clients are the Domestic Funds and the Offshore Ace Fund. The Offshore Ace Fund invests all of its investable assets into the Domestic Ace Fund and does not undertake separate investment activities. As such, we direct our investment advice regarding portfolio investments at the Domestic Funds only. DEC’s Clients are not currently subject to any side letters that include restrictions on investments, but DEC may negotiate side letter restrictions in the future with certain investors.