Introduction
SCHF (GPE), LLC (“SCHF”), a Delaware limited liability company, builds and manages global
portfolios invested in different regions and assets. SCHF employs an approach that has its origins in
the techniques of large foundations, trusts, and endowments as well as the more opportunistic and
contrarian styles of leading family offices. For purposes of this Brochure, the “Adviser” means SCHF,
together (where the context permits) with SCHF Management, L.P. (“SCHF Management”) and SCHF
(GPE) KY LLC (“SCHF KY”).
The firm was founded on January 28, 2010 and is privately-held.
The principal owners of SCHF are OSC SCHF Holdings LLC and Montague Island LLC. The majority
of each of SCHF Management and SCHF is owned, directly or indirectly, by senior members of
management, longtime employees of SCHF Management, and certain of their related estate-planning
vehicles. The principal owner of SCHF Management is OSF – A Global Apportionment, L.P., a Cayman
Islands exempted limited partnership. The principal owner of SCHF KY is SCHF. SCHF Management
and SCHF KY are under common control with SCHF, and SCHF Management possesses a substantial
identity of personnel with SCHF. SCHF Management has responsibility for the day-to-day operations
of the Investment Vehicles advised by SCHF, and SCHF KY is the investment manager of certain
Investment Vehicles advised by SCHF.
Types of Advisory Services
SCHF provides investment advisory services to, and is general partner of, various investment funds
(collectively, the “Funds”). The Funds are primarily structured as limited partnerships and may be
domiciled in the United States or abroad, at the discretion of the Adviser. The “Main Fund” consists of
feeder funds (“Feeder Funds”) and master funds (“Master Funds”) in a multi-master/multi-feeder
structure, pursuing a global investment program, as described further in Item 8. In addition to the Main
Fund, the Adviser has also established, and may establish in the future, Funds that are intended to
pursue multiple co-investment opportunities generated in connection with the Main Fund (the “Co-
Invest Funds”). The Adviser also from time to time establishes special purpose vehicles for the purpose
of making co-investments separate from the Co-Invest Funds (the "Co-Invest Vehicles" and,
collectively with the Funds and the Co-Invest Funds, the "Investment Vehicles"), as further described
in Item 11 below.
Investment advisory and supervisory services are provided by SCHF to the Funds pursuant to and in
accordance with the respective limited partnership agreements and other governing documents of the
Funds (the “Partnership Agreements”) and 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.
Investors in the Funds should review the Funds’ offering and organizational materials for more detailed
information.
The
Adviser is associated with a collection of private investment funds, general partner entities and
management company entities that generally utilize the “Sequoia Capital” brand name and often are
referred to colloquially as “Sequoia Capital”. Other than as described in Item 11 below, the Adviser
and the Funds operate independently from other Sequoia Capital entities.
A significant portion of the investment portfolios of the Funds consists of interests in private investment
vehicles (e.g., investment funds, co-investments, and joint ventures) or accounts (collectively,
“underlying funds”) managed by third parties or other investment advisers (collectively, “underlying
managers”). The investment portfolios of the Funds also include other assets, including, but not limited
to, publicly traded securities of operating businesses, structured credit, debt securities, investment
contracts, derivatives, swaps, options, commodities, digital assets, currencies, real estate, fixed
income securities, securities traded over the counter, and private or restricted securities acquired that
are held directly by the Funds, held by the Funds in brokerage accounts or held in separate accounts
owned by the Funds and managed by the Adviser or by underlying managers.
SCHF has delegated responsibility for the day‐to‐day operations of the Funds to SCHF Management,
which is an affiliated advisory company and relying advisor. SCHF has not, however, delegated to
SCHF Management the authority to make actual investment acquisition and disposition decisions or
to select third party managers or investment vehicles with or in whom to invest. SCHF may replace
SCHF Management from time to time in its sole and absolute discretion and may assign to SCHF
Management the right to receive management fees and reimbursements otherwise payable to SCHF
by the Funds.
The Funds are exempt from registration under the Investment Company Act of 1940, as amended (the
“1940 Act”) and their securities are not registered under the Securities Act of 1933, as amended (the
“Securities Act”).
Investment advice is provided directly to the Funds and not individually to the investors in the Funds.
Services are provided to the Funds in accordance with the Partnership Agreements and the private
placement memorandum of the applicable Fund(s) (each, a “PPM”). Investment restrictions for the
Funds, if any, are generally established in the Partnership Agreements and PPMs.
The Adviser may, in its sole and absolute discretion, establish “Affiliated Funds” (as defined in Item 11
below) at any time, including vehicles utilizing non-partnership structures such as managed accounts.
The Funds may also make use of “pooling vehicles” through which one or more entities or accounts
makes investments in underlying funds or other assets.
Wrap Fee Programs
The Adviser does not sponsor wrap fee programs.
Discretionary Assets Under Management
As of December 31, 2022, the Adviser managed a total of $16,413,926,158 of client assets on a
discretionary basis.