PLATINUM EQUITY ADVISORS, LLC other names

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Adviser Profile

As of Date:

05/21/2024

Adviser Type:

- Large advisory firm


Number of Employees:

253 15.53%

of those in investment advisory functions:

178 16.34%


Registration:

SEC, Approved, 3/30/2012

AUM:

48,377,629,268 1.54%

of that, discretionary:

0 -100.00%

Private Fund GAV:

48,261,867,885 1.34%

Avg Account Size:

366,497,191 -4.61%


SMA’s:

NO

Private Funds:

131 7

Contact Info

310 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
48B 41B 34B 27B 20B 14B 7B
2015 2016 2017 2018 2019 2020 2021 2022 2023


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 130 $48,242,607,885
Real Estate Fund 1 $19,260,000

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
23204X103 CUSTOM TRUCK ONE SOURCE INC $646,410,000 89.00% -25.00% 0.00%
783754104 RYERSON HLDG CORP $76,527,321 11.00% -42.00% 0.00%

Brochure Summary

Overview

Platinum Equity, LLC (“Platinum Equity” and together with Advisors, “Platinum”) was founded in 1995 by its Chairman and Chief Executive Officer, Tom Gores. In 2003, Platinum Equity sponsored its first investment fund and formed Advisors, an affiliate of Platinum Equity, to serve as the investment adviser to the investment funds described herein. In addition, affiliates of Platinum Equity manage and serve as the general partner or senior managing member of each of the Investment Funds (as defined below) described herein (each, a “General Partner” and, collectively, the “General Partners”). References to “we” or “us” herein refer to Advisors. Advisors is principally owned and controlled by Tom Gores and his affiliates: Platinum Equity, Platinum Equity Investment Holdings, LLC, Platinum Equity Advisors Holdings, LLC, and the Gores 2003 Investment Trust. In addition, investment funds affiliated with Blue Owl GP Strategic Capital (f/k/a Dyal GP Capital Solutions and Dyal Capital Partners) (“Dyal”), now a division of Blue Owl Capital Inc., hold a passive non-voting minority interest in Advisors. Dyal does not have any authority over the day-to-day operations or investment decisions of Advisors as they relate to the Investment Funds, but it does have certain customary minority protections with respect to its ownership interest in Advisors. Dyal does not have representation on the investment committees of the General Partners or any of their affiliates. Dyal and certain of its affiliates will, subject to certain conditions, make investment commitments to certain future Investment Funds under terms and conditions which may be more favorable than those applicable to unaffiliated Investors. Advisors provides advisory services to private investment funds, including Platinum Equity Capital Partners L.P. (together with its Parallel Funds (as defined below) and alternative investment vehicles, “Fund I”), Platinum Equity Capital Partners II, L.P. (together with its Parallel Funds and alternative investment vehicles, “Fund II”), Platinum Equity Capital Partners III, L.P. (together with its Parallel Funds and alternative investment vehicles, “Fund III”), Platinum Equity Capital Partners IV, L.P. (together with its Parallel Funds and alternative investment vehicles, “Fund IV”), Platinum Equity Capital Partners V, L.P. (together with its Parallel Funds and alternative investment vehicles, “Fund V”), Platinum Equity Capital Partners VI, L.P. (together with its Parallel Funds, Feeder Funds and alternative investment vehicles, “Fund VI” and together with Fund I, Fund II, Fund III, Fund IV and Fund V, the “PECP Funds”), Platinum Equity Small Cap Fund, L.P. (together with its Parallel Funds and alternative investment vehicles, the “Small Cap Fund I”), Platinum Equity Small Cap Fund II, L.P. (together with its Parallel Funds and alternative investment vehicles, “Small Cap II Fund”, together with Small Cap I Fund, the “Small Cap Funds” and together with PECP Funds, the “Platinum Buyout Funds”), Platinum Credit Opportunities Fund, L.P. (together with its Parallel Funds and alternative investment vehicles, “PCOF” or the “Credit Fund”; the Credit Fund, together with the PECP Funds and the Small Cap Funds, the “Platinum Funds”), Continuation Vehicles and Rollover Vehicles (each as defined below) formed in connection with Continuation Transactions (as defined below); certain other private investment vehicles that co-invest in each portfolio investment made by the Platinum Funds whose investors are limited to the Platinum Co-Investors (as defined below) (each such vehicle, a “Platinum Co-Invest Vehicle”) and certain other investment vehicles, including dedicated or “standing” vehicles, established to facilitate Third Party Co-Investments (as defined below) (each such vehicle, a “Third Party Co-Invest Vehicle,” each Third Party Co-Invest Vehicle and Platinum Co-Invest Vehicle, a “Co-Invest Vehicle,” and the Co-Invest Vehicles with the Platinum Funds and any other private investment funds to which Advisors provides advisory services from time to time, the “Investment Funds” and each such vehicle individually, an “Investment Fund”), which primarily make private equity, credit and other investments in undervalued, undermanaged and/or underperforming businesses and execute operations-intensive transformations that seek to meaningfully create value. Limited partners or other investors within a particular Investment Fund are referred to herein as “Investors.” As of December 31, 2023, we had approximately $48,377,629,268 (adjusted for subsequent material transactions through March 21, 2024) of assets under management solely on a discretionary basis.1 Our investment objective is to generate significant capital appreciation for the Investors investing in the Investment Funds for which we provide investment advisory services. The Platinum Buyout Funds seek to achieve this objective primarily by making private investments in equity, equity-oriented or debt securities or other instruments which offer equity-like returns of undervalued, undermanaged and/or underperforming businesses. In addition, PCOF seeks to extend credit to underperforming, undervalued and undermanaged companies, primarily in North America. When advising the Investment Funds, we consider a broad range of transactions, including without limitation management and leveraged buyouts, recapitalizations, privately negotiated control and minority investments, consolidations and roll-ups, spin-offs and carve-outs, growth equity investments
and debt investments. Generally, the Investment Funds do not invest in other private investment funds. The Platinum Funds are prohibited from investing in other private investment funds that would result in a net increase in the management fee or carried interest paid by Investors. Accordingly, in those rare instances where a Platinum 1 Regulatory Assets Under Management is calculated as the sum of (i) the estimated fair value of cash and securities of the Investment Funds and (ii) any unfunded capital commitments for the Investment Funds that are still in their commitment period, each as of December 31, 2023 (adjusted for subsequent material transactions through March 21, 2024). Fund has invested in another private investment fund, the Platinum Fund did not pay any management fees or carried interest to the private investment fund or its general partner. Certain affiliates of Platinum and the General Partners co-invest in the portfolio investments of the Platinum Funds. The applicable General Partner is required to cause the General Partners, Platinum, and/or the partners, members, shareholders, officers, directors, executives, operating advisors and employees of Platinum, Advisors, the General Partners and their respective affiliates (and, in certain cases, estate planning vehicles, friends and family of the foregoing persons) (collectively, the “Platinum Co-Investors”) to co- invest, via a Co-Invest Vehicle, in each portfolio investment of the Platinum Buyout Funds on the same economic terms and conditions as any such Platinum Buyout Fund making such investment (“Platinum Co- Investments”). The amount of such Platinum Co-Investment is determined as a percentage (“Co-Investment Percentage”) of the total investment opportunity, as determined by the General Partner and subject to the applicable Governing Agreements. All co-investments, regardless of size, are also subject to a maximum limit (the “Co-Investment Cap”), which is set by the relevant General Partner annually in advance. Platinum Co-Investment opportunities (including the Co-Investment Percentage and the Co-Investment Cap) are subject in all cases to the terms of the relevant Platinum Buyout Fund’s Governing Agreement (as defined below). In addition to the required Platinum Co-Investment, as further described in Item 6 - “Performance-Based Fees and Side-by-Side Management”, other co-investment opportunities, in particular, investments in the portfolio investments of the Platinum Funds, may be offered, and have been offered, to certain Investors and other third parties (“Third Party Co-Investments”), generally in the sole and absolute discretion of the General Partners (except in certain Platinum Funds where we have been contractually obligated to offer a co-investment opportunity to an Investor that has already been offered to other Investors), generally taking into account multiple factors, including without limitation, whether a potential co-investor has expressed an interest in evaluating co-investment opportunities, whether a potential co-investor has a history of participating in co-investment opportunities, the timing of the Investor’s commitment to the Platinum Fund, the existence of accounts or vehicles formed to co-invest in investments, whether the potential co-investor has demonstrated a long-term and/or continuing commitment to the potential success of Platinum, the overall size of a co-investor’s capital commitments to the Investment Funds, the expected amount of negotiations required in connection with such co-investor’s capital commitment, the applicable Platinum Fund’s investment limitations, the size of the investment opportunity and the demand among potential co- investors. In some cases, as described in the applicable Governing Agreement, the ability of the General Partners to offer co-investment opportunities to potential Third Party Co-Investors have been limited due to restrictions that may apply, including, without limitation conflicts concerns, confidentiality obligations, contractual obligations and legal and regulatory requirements. The terms of any such investment, including any fees or carried interest applicable to such co-investment, if any, are negotiated by the relevant General Partner and the potential co-investor on a case-by-case basis in their respective sole and absolute discretion, in this regard, certain co-investors do not pay Management Fees or bear Carried Interest (each as defined below). Assets of each Investment Fund are managed in accordance with its particular investment guidelines and the terms of the applicable governing documents of each Investment Fund (the “Governing Agreement”). Further details concerning each Investment Fund’s investment guidelines are set forth in their respective Governing Agreements. When providing these services to the Investment Funds, the General Partners and Advisors direct and manage the investment of each Investment Fund’s assets and provide reports to Investors as described below under Item 13 - “Review of Accounts.” Investment advice is provided directly to each Investment Fund and not individually to the Investors. Interests in the Investment Funds are not registered under the U.S. Securities Act of 1933, as amended, and the Investment Funds are not registered under the U.S. Investment Company Act of 1940, as amended. Accordingly, interests in the Investment Funds are offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements, either in private transactions within the United States or in offshore transactions.