PEGASUS CAPITAL ADVISORS, L.P. other names

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Adviser Profile

As of Date:

05/24/2024

Adviser Type:

- Large advisory firm


Number of Employees:

12 -14.29%

of those in investment advisory functions:

8 -20.00%


Registration:

SEC, Approved, 3/30/2012

AUM:

400,503,919 -23.37%

of that, discretionary:

365,609,932 -25.89%

Private Fund GAV:

369,006,992 -13.97%

Avg Account Size:

18,204,724 -16.41%


SMA’s:

NO

Private Funds:

9 1

Contact Info

203 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 819M 546M 273M
2015 2016 2017 2018 2019 2020 2021 2022 2023

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Private Funds Structure

Fund Type Count GAV
Private Equity Fund 9 $369,006,992

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Private Funds



Employees




Brochure Summary

Overview

Pegasus Capital Advisors, L.P.(“Pegasus”) is an independent private equity manager founded by Craig Cogut in 1996 and organized under the laws of the State of Delaware as a limited partnership. Pegasus Capital Advisors GP, LLC is the general partner of Pegasus. Pegasus is led by Mr. Cogut, who brings a wealth of investment, operational and financial expertise and experience to Pegasus Capital Advisors, L.P. and its affiliates. Mr. Cogut is the principal owner of Pegasus Capital Advisors GP, LLC. Pegasus serves as an investment manager and provides advisory services to several related collective investment vehicles, including private investment partnerships, foreign investment companies and operating companies, together with any respective parallel funds, alternative investment vehicles, special purpose and/or subsidiary investment vehicles (each a “Fund” or collectively the “Funds”). Pegasus generally advises Funds that are/were organized to invest primarily in middle-market companies within the investment themes of sustainability and wellness, as described more fully in the Governing Fund Documents (defined below) for each applicable Fund. Pursuant to the foregoing strategy, Pegasus seeks to generate attractive returns by applying its team of operating, technical, regulatory and financial experts in the sustainable and wellness space to middle-market companies that otherwise might not have access to such resources. Such Funds target investments primarily in the United States, Canada, Central America and the Caribbean, in markets where they have significant expertise, including but not limited to energy, water, food, the built environment, waste and recycling, microbiome, sleep and mind-body, nutrition, wellness destination and brain health. Pegasus has also formed a Fund that is focused on pursuing investments in mid-size climate infrastructure and nature-based solutions in developing countries. The Fund will pursue investments in mid-size climate infrastructure solutions, including sustainable energy solutions, waste and water solutions, as well as nature- based solutions in the main developing geographic areas of Latin America and the Caribbean, Africa, Asia, and the Mediterranean. In addition, Pegasus has formed a Fund that will be focused on pursuing investments that have a positive impact on the resiliency of certain coral reefs in developing countries. As of December 31, 2023, Pegasus managed $438,348,382 million in assets on behalf of the Funds, $403,578,796 million on a discretionary basis and $34,769,586 million on a non-discretionary basis. Pegasus seeks to employ a flexible investment strategy that emphasizes appropriate positioning in the target company’s capital structure to minimize risk and maximize potential return. Pegasus will typically evaluate both the potential investment’s business, as well as the industry in which it competes, working closely with its team of operational advisory partners, “senior strategic advisors,” or other industry experts and consultants (collectively, “Operating Partners”). Operating Partners are typically independent contractors who are industry experts in the various operating sectors in which Pegasus invests on behalf its clients. They may suggest opportunities in certain sectors to Pegasus and may be called upon to generate, evaluate, execute and manage activities of the operating companies. Operating Partners do not make any investment decisions. Shares or limited partnership interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the Funds are not registered under the U.S. Investment Company Act of 1940, as amended. Accordingly, interests or shares in the 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. In providing investment management and advisory services to the Funds, Pegasus formulates each Fund’s investment objectives, directs and manages the investment and reinvestment of assets, and provides reports to investors. Each Fund structure may vary, but typically the Funds, or portions of them, are structured as limited partnerships, each with a general partner (“General Partners”) that is an affiliate of Pegasus. Investment advice is provided directly to the Funds and not individually to the investors of the Funds (the “Investors” or “Limited Partners”). Pegasus manages the assets of the Funds in accordance with the terms of each Fund’s confidential offering and/or private placement memorandum, individual limited partnership or operating agreement and other governing documents applicable to each Fund (the “Governing Fund Documents”). In supporting the portfolio companies of the Funds, Pegasus simultaneously promotes from time to time portfolio companies held in different Funds or within the same Fund to the extent they are complementary. Pegasus also includes, from time to time, in its marketing efforts companies in which the Funds have no interest, some of which may be affiliates of persons associated Pegasus (see Item 10 for additional information). Pegasus generally will involve such companies in its promotional efforts to the extent they, as part of a package of solutions, make the Funds’ portfolio companies more attractive. Pegasus also provides consulting services to Impala Energy Holdings Ltd., a Cayman Islands exempted company (“Impala”) which focuses on investments in Sub-Sahara Africa clean and renewable power projects. As part of the consulting services, Pegasus participates, as an observer, in board meetings of the company and provides input and advice with respect to such matters as the company reasonably requests from time to time. Impala is not a portfolio company of any Fund. Additionally, as described further below under Item 8: Methods of Analysis, Investment Strategies and Risk of Loss — “Conflicts of Interest,” from time to time and as permitted by the relevant Governing Fund Documents, Pegasus expects to provide (or agree to provide) co-investment opportunities (including the opportunity to participate in co-invest vehicles) to certain current or prospective investors or other persons, including affiliates of Pegasus, vendors, finders, other sponsors, market participants, and other service providers, Pegasus’ personnel and/or certain other persons associated with Pegasus (including Operating Partners) and/or other third parties. Such co- investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, from time to time, for strategic and other reasons, a co-investor or co-invest vehicle may purchase a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer). Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. Where appropriate, and in Pegasus’ sole discretion, Pegasus is authorized to charge interest on the purchase to the co-investor or co-invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Fund for related costs. However, to the extent such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund.