Credit Value Partners, LLC (“CVP”) is a 100% employee owned limited liability company
organized under the laws of Delaware, and maintains its principal office and only place of business
in Greenwich, CT. CVP is, and since August 2010 has been, registered as an investment adviser
with the SEC, and operates its advisory business directly and through affiliated entities, CVP CVF
V General LLC and CVP CVF (Europe) V GP Limited, each of which serve as a General Partner
(together, the “General Partners”) to unregistered pooled investment vehicles (i.e., private funds)
that CVP manages. Credit Value Partners, LLC and the General Partners are hereafter known in
this Form ADV Part 2A Brochure collectively as “CVP.”
CVP provides discretionary investment management services to (i) unregistered pooled
investment vehicles or private funds (the “Funds” or “CVP Funds”) which are exempt from
registration under the Investment Company Act of 1940 (“Company Act”) and (ii) separately
managed accounts (the “SMAs”) regulated under the Investment Advisers Act of 1940 (“Advisers
Act”). The SMAs and the Funds shall collectively be referred to herein as the “Accounts” or the
“CVP Accounts”.
CVP’s advice with respect to the CVP
Accounts is given in accordance with the investment
objectives and guidelines set forth in the applicable Account’s offering documentation, side letter
agreement, or advisory agreement, as applicable. Except as otherwise set forth in an Account’s
offering documentation, side letter agreement, or advisory agreement, CVP does not tailor its
advisory services to the individual needs of the Funds’ Limited Partner (“LP”) investors who are
generally prohibited from imposing restrictions on investing in certain securities or types of
securities. Please see “Item 16 - Investment Discretion” below for a discussion of CVP’s
investment authority.
It should be noted that CVP has entered into agreements with certain strategic investors granting
them, among other things, greater portfolio transparency, additional rights to reports, notifications,
and other information and other more favorable investment terms, than the terms associated with
investments by other fund LPs. CVP shall have no obligation to offer such additional rights, terms
or conditions to any or all LPs.
As of June 30, 2023, CVP had regulatory assets under management of approximately 263 million
in regulatory assets under management on a discretionary basis.