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.