For purposes of this brochure, the “Adviser” means BV Investment Partners, L.P., a Delaware
limited partnership, together (where the context permits) with its affiliated general partners of the
Funds (as defined below), relying advisers and other affiliates that provide advisory services to
and/or receive advisory fees from the Funds. Such affiliates are generally under common control
with BV Investment Partners, L.P., but possess a substantial identity of personnel and/or equity
owners with BV Investment Partners, L.P. These affiliates are typically formed for tax, regulatory
or other purposes in connection with the organization of the Funds, or serve as general partners of
the Funds.
The principal owner of the Adviser is Vikrant Raina.
The Adviser provides investment supervisory services to investment vehicles (“Funds”) that are
exempt from registration under the Investment Company Act of 1940, as amended (the “1940
Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the
“Securities Act”).
The Funds make primarily long-term private equity and equity-related investments, as well as
investments in debt instruments. In accordance with the Funds’ respective investment objectives,
investments are generally made in companies doing business in the business services, information
technology services, software and communications sectors. The Adviser’s advisory services
consist of investigating, identifying
and evaluating investment opportunities, structuring,
negotiating and making investments on behalf of the Funds, managing and monitoring the
performance of such investments and disposing of such investments. The Adviser generally serves
as the investment adviser or general partner to the Funds in order to provide such services.
The Adviser provides investment supervisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of such Fund or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”).
Investment advice is provided directly to the Funds, subject to the discretion and control of the
applicable general partner, and not individually to the investors in the Funds. Services are provided
to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational
documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally
established in the organizational or offering documents of the applicable Fund, Advisory
Agreements and/or side letter agreements negotiated with investors in the applicable Fund (such
documents collectively, a Fund’s “Organizational Documents”).
The Adviser has been in business since 1983. As of December 31, 2023, the Adviser manages a
total of $5,672,275,510 of client assets, all of which is managed on a discretionary basis.