PALM BEACH CAPITAL MANAGEMENT III, LLC other names

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm

Number of Employees:

8

of those in investment advisory functions:

5

Registration:

SEC, Approved, 3/8/2012

AUM:

841,068,145 63.72%

of that, discretionary:

841,068,145 63.72%

Private Fund GAV:

748,768,289 79.62%

Avg Account Size:

60,076,296 16.94%

SMA’s:

YES

Private Funds:

15 4

Contact Info

561 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
578M 495M 413M 330M 248M 165M 83M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Trump scores with April Fools' Day fund-raising zinger - Boston Herald
04/01/2024

Not to be outdone, Trump is inviting wealthy donors to his Mar-a-Lago estate in Palm Beach, Fla., for an April 6 fundraiser hosted by New York hedge ...

bostonherald.com

Trump Eyes High-Profile Wall Street, D.C. Veterans for Treasury Secretary - WSJ
04/01/2024

The April 6 event in Palm Beach, Fla., is being hosted by billionaire hedge-fund manager John Paulson and co-chaired by investor Scott Bessent ...

Wall Street Journal

Trump aims to beat Biden's haul with $33M fundraiser | The Hill
03/30/2024

... hedge fund founder John Paulson, a campaign official and a spokesperson ... Trump is scheduled to hold a fundraiser next Saturday in Palm Beach, Fla., ...

thehill.com

Donors to new Trump fundraising outfit can obtain 'Ultra MAGA' status with maximum contribution
03/29/2024

The Trump team has said it hopes to rake in $33 million at the Palm Beach event hosted by hedge fund founder John Paulson. Perks for those ...

amp.cnn.com

PBHFA News – Page 64 - Palm Beach Hedge Fund Association
03/29/2024

They are all reasons hedge funds are moving to South Florida. What at first seemed a glimmer in the eye of economic development officials seems to be ...

pbhfa.org

Outpaced by Biden, Trump hopes to rake in $33 million during Florida fundraiser
03/29/2024

Trump is inviting wealthy donors to Palm Beach, Florida, home to his Mar-a-Lago estate, for an April 6 fundraiser hosted by New York hedge fund ...

m.economictimes.com


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 15 $748,768,289

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Private Funds



Employees




Brochure Summary

Overview

Palm Beach Capital Management III, LLC (“Palm Beach”), formed in 2008, is one of a group of companies headquartered in West Palm Beach, FL that was founded to make and manage investments in private equity funds, pooled investment vehicles structured as U.S. limited partnerships (each a “Fund” or “Client” and collectively, the “Funds” or “Clients”). Palm Beach acts as the management company to the Funds and provides administrative, management, investment and consulting services. Its affiliates act as the general partners to the Funds which all have substantially similar objectives. The principal owners of Palm Beach are Shaun L. McGruder, Nathan S. Ward and Michael L. Schmickle. The Funds invest in lower middle-market private companies across a broad range of industries located primarily, but not exclusively, in the state of Florida. The investment team investigates, identifies and evaluates investment opportunities; structures, and negotiates making investments on behalf of the Funds; manages, monitors the performance of the investments and disposes of them. The Funds’ advisory services are tailored to the specific investment objectives and restrictions as set forth
in their offering documents. However, in accordance with common industry practice, the Funds may enter into “side letters” or side agreements with certain investors in the Funds who may be granted specific rights, benefits, or privileges not set forth in the offering documents. Such investor specific rights, benefits or privileges may not be applicable to all investors and therefore may not be made available or disclosed to all generally. Palm Beach may establish co-investment vehicles, through which certain principals, friends and family may invest alongside a Fund in each investment made by a Fund. Other alternative investment vehicles or special purpose vehicles (collectively, “AIVs”) may be formed for the purpose of facilitating certain investments by one or more investors. In addition, one or more parallel funds may be organized on terms substantially similar to those of the Funds to meet the needs of certain classes of investors. Each parallel fund, if any, will co-invest on a pro rata basis in all Fund transactions. As of December 2023, Palm Beach had $ 841,068,145 in discretionary assets and $0 in non- discretionary assets under management.