Amberjack Capital (formerly, Intervale Capital, LLC) was legally formed in 2007 and is organized as a
Delaware limited partnership. The Firm provides investment advisory services to thirteen private funds:
three primary funds, one parallel fund, six co-investment funds, a master fund and two feeder funds, each a
“Fund” and collectively the “Funds”, to which Limited Partners (“LPs”) commit capital and make pro-rata
contributions to the Funds based on total committed capital. LPs are primarily comprised of institutional
investors, pension funds, endowments, high net worth individuals, and others, including alternative asset
funds of funds. The Firm’s advisory services are limited to private equity funds and are not tailored to the
individual needs of LPs.
Amberjack Capital’s clients include the following private funds:
- Intervale Capital Fund II, L.P. (a primary fund), Intervale Capital Fund II-A, L.P. (a parallel fund),
and Intervale Capital Co-Investment Fund II, L.P. (a co-investment fund, “Co-Invest II”),
(collectively, “Fund II”)
- Intervale Capital Fund III, L.P. (a primary fund), Intervale Capital Co-Investment Fund III, L.P. (a
co-investment fund, “Co-Invest III”), and Intervale/TRF Investor, LLC (a co-investment fund,
“TRF Investor”), (collectively, “Fund III”)
- Innovex Co-Invest Fund, L.P. (a co-investment fund), (“Innovex Co-Invest”)
- BT Co-Invest
Fund, L.P. (a co-investment fund), (“BT Co-Invest”)
- Amberjack Capital Fund, L.P. (the “Master Fund”), Amberjack Capital Feeder Fund B, L.P. (the
“Onshore Feeder Fund”) and Amberjack Feeder Fund (Cayman), L.P. (the “Offshore Feeder
Fund”) (individually a “Fund” and collectively the “master-feeder fund”)
- Amberjack Capital Fund II, L.P. (a primary fund), (“ACF II”)
- Innovex Co-Invest Fund II, L.P. (a co-investment fund), (“Innovex Co-Invest II”)
In general, the Funds invest in middle-market services and manufacturing companies serving the energy,
infrastructure, industrial and environmental sectors, predominantly located in North America and Europe.
Specific investment criteria, limitations, and restrictions are detailed in the respective fund’s private
placement memorandum (“PPM”) and limited partnership agreement (“LPA”) or limited liability company
agreement (“LLCA”) (collectively, the “Governing Fund Documents”).
Amberjack Capital is owned and controlled by Patrick Connelly and Jason Turowsky (together, the
“Management Committee” or the “Partners”). The Partners have equal economic interests and voting rights
to manage the operations of the Firm.
On a discretionary basis, Amberjack Capital has $1,228,619,000 of regulatory assets under management as
of December 31, 2023. The Firm does not manage client assets on a non-discretionary basis.