GREAT HILL PARTNERS other names

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm


Number of Employees:

102 18.60%

of those in investment advisory functions:

71 16.39%


Registration:

SEC, Approved, 3/30/2012

AUM:

13,526,193,000 5.17%

of that, discretionary:

13,526,193,000 5.17%

Private Fund GAV:

14,671,352,000 4.92%

Avg Account Size:

397,829,206 2.08%


SMA’s:

NO

Private Funds:

34 1

Contact Info

617 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
13B 11B 10B 8B 6B 4B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Tom Hayes – CGTN America Appearance – 6/14/2023 - Hedge Fund Tips
06/15/2023

Tom Hayes – CGTN America Appearance – 6/14/2023. CGTN America – Thomas Hayes – Chairman of Great Hill Capital – June 14, 2023. Hedge Fund Tips.

hedgefundtips.com

Warren Buffett Sees Uncertainty In The EV Market | OilPrice.com
05/08/2023

... position for reasons ranging from supply chain challenges to funding problems. ... chairman of hedge fund Great Hill Capital, told Reuters.

oilprice.com

Stocks firm near record as easing U.S. inflation fears lift Wall Street
04/09/2021

Powell signalled at an International Monetary Fund event that the central bank is nowhere near ... market was predicated on rates,” said Thomas Hayes, chairman of Great Hill Capital. “As long as rates stay compressed there’s a bid for long duration ...

metro.us

GLOBAL MARKETS-Stocks firm near record as easing U.S. inflation fears lift Wall Street
04/09/2021

Powell signalled at an International Monetary Fund event that the central bank is nowhere near ... "The movement in the (stock) market was predicated on rates," said Thomas Hayes, chairman of Great Hill Capital. "As long as rates stay compressed there's ...

NASDAQ

PE Daily: PSG Seeks $1 Billion Continuation Fund | FFL Backs Velocity Global | Investcorp Casts Wider Net | Great Hill Hires Chief People Officer
04/06/2021

New deals and new funds are cropping up like spring crocuses as this week begins with news from Preeti Singh that Providence Strategic Growth Capital Partners is pitching a continuation fund ... where Great Hill Partners is hiring its first...

Wall Street Journal

News Highlights: Top Financial Services News of the Day
04/06/2021

Great Hill Partners Taps HP for Executive to Oversee Talent The Boston ... KKR Raises $15 Billion for Asian Fund IV KKR & Co. held the final close of KKR Asian Fund IV, raising $15 billion as it seeks to benefit from trends including rising consumption ...

Morningstar


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 34 $14,671,352,000

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
94419L101 WAYFAIR INC $147,059,330 100.00% -22.00% 0.00%

Brochure Summary

Overview

GHP, a Delaware limited partnership, is based in Boston, Massachusetts, and has been in business since 1998. GHP is a registered investment adviser. The principal owner of GHP is GH Management Holdings, L.P. and the principal owners of GH Management Holdings, L.P. are Christopher Gaffney, Matthew Vettel, Michael Kumin and Mark Taber. In addition, entities affiliated with Blackstone Strategic Capital Advisors LLC (“Blackstone”) hold an indirect passive minority interest in GHP and its affiliated general partners or managers of certain of the Funds (as defined below). Blackstone has no authority over the day-to-day operations or investment decisions of GHP or the Funds, although it does have certain customary minority protection consent rights. GHP provides investment advisory services to private pooled investment vehicles (the “Funds”). The Funds are closed-ended and generally have a term of 10 years, subject to certain exceptions in each Fund’s “Governing Documents” (which include an offering memorandum, limited partnership agreement or operating agreement and other governing documents). The active main Funds commenced operations between 2008 and 2021. The Funds were marketed primarily to institutional investors and high net worth individuals. These investors purchase interests in the Funds and investments are made at the Fund level, not for individual investors in the Fund. GHP’s only advisory clients are the Funds and any co-investment entities created to facilitate investments (for further information on co-investments see Item 11 below). Related entities of GHP act as the general partner or manager of each Fund (each a, “General Partner,” and collectively together with any future affiliated general partner entities, the “General Partners”). As the investment adviser to the Funds, GHP, along with each Fund’s General Partner, identifies investment opportunities for, and participates in the acquisition, monitoring, and disposition of the Funds’ investments. The advisory services provided to each of the Funds are further described in the Funds’ Governing Documents. The Governing Documents also detail the Funds’ investment restrictions and remuneration the General Partners will receive for managing the Funds. References to GHP or the Funds’ General Partner(s) are used interchangeably unless otherwise stated. The Funds provide private capital to finance the expansion, recapitalization or acquisition of growth companies in the consumer, digital commerce, digital infrastructure, financial technology, healthcare, software and other industries. The Funds’ investments are predominantly in non- public companies acquired through privately negotiated transactions. As permitted by the Funds’ Governing
Documents, some investments have been made in public companies. The personnel of GHP, the General Partners or their affiliates serve on portfolio companies’ board of directors or otherwise act to influence the management of the portfolio companies held by the Funds. The General Partners, GHP and/or their respective affiliates have entered and will in the future enter into “side letters” with certain investors pursuant to which the General Partner, GHP and/or their respective affiliates, as applicable, grants the investor specific rights, benefits, or privileges that are not made available to other investors in the applicable Fund. These arrangements typically clarify any regulatory, informational, and interpretational issues with the Governing Documents and include excuse rights with respect to certain investments. Unless otherwise required by the applicable Governing Documents or by applicable regulation or law, such agreements will be disclosed only to those actual or potential investors that have separately negotiated with the applicable General Partner, GHP and/or their respective affiliates for the right to review such agreements. There are currently no “side letter” or similar arrangements that grant investors lower management fees or Carried Interest (as defined below) except that (i) the General Partner does not pay a management fee on its limited partner interest in its four most recent Funds and the General Partner does not pay Carried Interest in the three most recent Funds, Great Hill Equity Partners VI, L.P. (“Fund VI”), Great Hill Equity Partners VII, L.P. (“Fund VII”) and Great Hill Equity Partners VIII, L.P. (“Fund VIII”) and (ii) in Fund VIII, all first closing investors were given a fee holiday from the date that is the same number of days prior to the tenth anniversary of the date the management fee commences being paid for Fund VIII as the number of days between the initial closing date of Fund VIII and January 31, 2022. Certain side letter rights are likely to confer benefits on the relevant limited partner at the expense of the relevant Fund or of limited partners as a whole, including in the event that a side letter confers additional reporting and/or information rights, the costs and expenses of which are permitted to be borne by the relevant Fund. GHP manages all assets on a discretionary basis in accordance with the terms and conditions of each Fund’s Governing Documents. GHP does not manage client assets on a non-discretionary basis. GHP’s regulatory assets under management is $13,526,193,000 as of December 31, 2023. The information provided above about the investment advisory services provided by GHP is qualified in its entirety by reference to the Funds’ Governing Documents.