Overview
SCM is a Delaware limited liability company that has been in business since 1999. It serves as
the investment adviser to certain investment limited partnerships and, from time to time, as an
investment adviser to other accounts. SCM is the general partner of Stadium Capital Management
GP, L.P., a Delaware limited partnership (“SCMGP”), that serves as general partner of certain
investment limited partnership clients of SCM. SCM’s managers and controlling owners are
Alexander M. Seaver and Bradley R. Kent. As of February 29, 2024, SCM had total discretionary
regulatory assets under management of approximately $275 million. SCM only manages assets
on a discretionary basis.
SCM invests principally, but not solely, in equity and equity-related securities that are traded
publicly in North American and Western European markets on behalf of its clients, but
is
authorized to enter into any type of investment transaction that it deems appropriate, pursuant to
the terms of the client’s partnership or other account agreement.
In addition to its primary investment limited partnership clients, SCM serves as the manager to a
pooled investment vehicle for a specific investment opportunity, Stadium Special Opportunity I,
L.P. (“Special Opportunity”).
The investors in the funds that SCM manages have no opportunity to select or evaluate any fund
investments or strategies. SCM selects all fund investments and strategies.
SCM does not participate in wrap fee programs.
SCM typically does not tailor its services to the individual needs of individually managed accounts,
but manages each such account according to the strategy selected by the client. SCM’s
discretionary authority is limited, however, as described in Item 16.