Overview
High Road Capital Partners, LLC (“HRCP”) is a Delaware corporation and began its operations in 2007. HRCP’s
principal owner is Managing Partner, Robert Fitzsimmons. In March of 2021, HRCP subleased the office of its
principal place of business in New York, New York for the remainder of the lease term. HRCP employees continue to
telework indefinitely as they have been doing since the COVID-19 pandemic was declared in March of 2020. High
Road and its advisory affiliates provide investment advisory and management services to two private equity funds,
High Road Capital Partners Fund I, LP and High Road Capital Partners Fund II, LP, that are U.S. limited partnerships
(each, a “Client Fund”). Such advisory affiliates, High Road Associates I, LLC and High Road Associates II, LLC, serve
as general partners (each, a “General Partner”) to the Client Funds. For purposes of this brochure, the term “High
Road” will include High Road and the General Partners collectively.
All descriptions of the Client Funds in this brochure, including, but not limited to, their investments, the strategies
used in managing the Client Funds, the fees and other costs associated with an investment in the Client Funds, and
conflicts of interest faced by High Road in connection with management of the Client Funds are qualified in their
entirety by reference to the Client Funds’ respective confidential offering memorandum and governing documents
(e.g., a Client Fund’s limited partnership agreement) (collectively for each Client Fund, the “Fund Documents”).
Persons reviewing this Form ADV Part 2A should not construe this as an offering of the Client
Funds described
herein, which will only be made pursuant to the delivery of a confidential offering memorandum to prospective
investors.
High Road generally offers advice on portfolio investments that are within the Client Funds’ investment strategies and
objectives. Such advice provided by High Road generally focuses on making control investments in leveraged
acquisitions of companies at the smaller end of the middle market. Please refer to Item 8 for a more detailed description
of the Client Funds’ investment strategies as well as the securities, and other instruments, purchased by the Client
Funds under the management of High Road.
High Road has full discretionary authority with respect to the investment decisions of the Client Funds; however, its
investment decisions and advice are subject to each Client Fund’s investment objectives and guidelines, as set forth
in the Fund Documents. High Road has the right to enter and has entered into agreements, such as side letters, with
certain underlying investors of the Client Funds which may impose further restrictions for legal, tax, regulatory or
other reasons with respect to participation by such underlying investors in certain investments made by the Client
Funds. See Item 10 for additional information.
High Road does not participate in wrap fee programs.
For the year ended December 31, 2023, High Road managed $205,764,122 on a discretionary basis. High Road does
not manage assets on a non-discretionary basis. High Road’s assets under management as of December 31, 2023
include remaining capital commitments of the Client Funds, which includes recallable distributions.