Overview
FirmDescription
Pear Tree Partners, LP (“Pear Tree,” “we,” or “us”) provides overall management services to its
clients. which consist of private funds; single purpose entities organized as Delaware limited
liability companies (the “Focus Funds” or “Clients”). Each Focus Fund invests in private debt
and/or equity securities of a single privately held company (each a “Portfolio Company”). Pear
Tree has been in business for approximately 20 years.
PrincipalOwners
Pear Tree’s principal owners are Willard Lee Umphrey and John Drew McClellan.
TypesofAdvisoryServices
Pear Tree provides overall management services to its private funds, the Focus Funds. Pear
Tree does not provide investment advice to anyone other than the Focus Funds.
Pear Tree acts as the Manager and the sole Class B Member of each Focus Fund, as detailed in
the Limited Liability Company Agreement for each Focus Fund. As the Manager Pear Tree has
the power and authority to take all actions in connection with the purchase, management, and
disposition of all the Focus Fund’s
investments. Pear Tree provides the Focus Funds with
administrative services and personnel necessary to operate and administer each Focus Fund’s
business and supervises the provision of services by third parties such as the Focus Fund’s
counsel and accountant.
TailoredRelationships
Pear Tree’s advisory services are tailored to the needs of each private fund based on the Focus
Fund’s target investment. The Limited Liability Company Agreement of each Focus Fund
specifically identifies the Portfolio Company that the Focus Fund will invest in.
WrapFeePrograms
Pear Tree does not participate in wrap fee programs.
AssetsUnderDiscretionaryandNon‐DiscretionaryManagement
As of June 30, 2023, our discretionary net assets under management, net of any outstanding
indebtedness owed by any one or more Focus Funds, were approximately $104, 568,931.
The degree of Pear Tree’s discretion with respect to the assets of each Focus Fund is set forth
and limited by each Focus Fund’s Limited Liability Company Agreement. We do not manage
any assets on a non-discretionary basis.