IOP is an investment adviser focused on managing private equity funds. IOP is the investment adviser to
Industrial Opportunity Partners II, L.P. (the “IOP Fund II”), Industrial Opportunity Partners III, L.P. (the
“IOP Fund III”) and Industrial Opportunity Partners IV, L.P. (the “IOP Fund IV”) (each a “Fund” and
collectively, the “Funds”). IOP affiliates serve as general partner to the Funds. Industrial Opportunity
Partners II GP, LLC (“IOP II GP”) serves as the general partner to IOP Fund II, Industrial Opportunity
Partners III GP, LLC (“IOP III GP”) serves as the general partner to IOP Fund III and Industrial Opportunity
Partners IV GP, LLC (“IOP IV GP”) serves as the general partner to IOP Fund IV (each a “General Partner”
and collectively, the “General Partners”). The primary purpose of the Funds is to seek to generate returns for
its partners, principally through long-term capital appreciation, by making, holding, and disposing of
primarily privately negotiated equity and equity-related investments in middle-market manufacturing and
value-added distribution companies, with a particular focus on undermanaged businesses. Previously, IOP
was the investment adviser to Industrial Opportunity Partners, L.P. (the “IOP Fund”) and IOP Affiliates
Fund, L.P. (the “Affiliates Fund”). IOP Fund and the Affiliates Fund were liquidated in the normal course
of business in 2021. A Certificate of Cancellation of Certificate of Limited Partnership for the IOP Fund
and the Affiliates Fund were filed with the Delaware Office of the Secretary of State effective December 30,
2021. Industrial Opportunity Partners GP, LLC (“IOP GP”) served as the general partner to the IOP Fund
and Affiliates
Fund and was liquidated in the normal course of business in 2022. A Certificate of
Cancellation of Certificate of General Partnership for IOP GP was filed with the Delaware Office of the
Secretary of State effective December 31, 2022.
The Company has full discretionary authority with respect to investment decisions, and its advice with
respect to the Funds is tailored according to the investment objectives, guidelines, and requirements as set
forth in each Fund’s respective offering memoranda and advisory agreement. The Company may enter into
agreements with one or more investors which have the effect of altering or supplementing the terms of the
offering to the specific investor. Any terms contained in such agreements to or with an investor shall govern
with respect to such investor notwithstanding the provisions of the Fund’s governing documentation. Among
other things, terms may include Fund Advisory Board membership, additional notification provisions, UBTI
restrictions, and most-favored nation provisions. Under certain circumstances, these agreements could create
preferences or priorities for such investors compared to other limited partners.
IOP is a Delaware limited liability company that was formed and began operating in 2005. The principal
owners of IOP are Messrs. Kenneth Tallering and Robert Vedra (collectively, the “Principals”). IOP manages
the Funds with support from Operating Principals, who are senior business managers with whom the
Principals have had long-standing relationships. As of December 31, 2022, the Company advised
approximately $1$1.161 billion of regulatory assets under management on a discretionary basis for the
Funds.