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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 14 -6.67%
of those in investment advisory functions 9 -10.00%
Registration SEC, Approved, 03/30/2012
AUM* 1,319,000,000 3.47%
of that, discretionary 1,319,000,000 3.47%
Private Fund GAV* 1,319,000,000 -18.97%
Avg Account Size 329,750,000 55.20%
SMA’s No
Private Funds 2 1
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 2B 1B 1B 669M 334M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$985,600,000
Fund TypePrivate Equity Fund Count1 GAV$333,400,000

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Brochure Summary

Overview

General P2 was founded by Claus Moller, P2’s managing member, and began investing in 2007. P2 has offices in New York, New York. Fund Structure P2 provides discretionary investment advisory services to pooled investment vehicles and single-investor funds (each a “Private Fund” and collectively, the “Private Funds”). The Private Funds are generally organized as Delaware limited partnerships, Cayman Islands exempted limited partnerships and Cayman Islands exempted companies. The Private Funds generally conduct their trading activities either directly on their own or through a master-feeder structure. In a master-feeder structure, each feeder fund contributes its investible assets to the master fund and participates on a pro rata basis in the profits, losses and expenses of the master fund, based on the respective capital account balances of all Private Funds investing through the master fund. An affiliate of P2 serves as the general partner or manager of each domestic Private Fund and Cayman Islands master fund. Currently, the entities serving as general partners are: P2 Capital GP, LLC and P2 Capital GP XIII, LLC (collectively referred to as the “P2 Fund GPs”). Within the Private Funds, P2 has a number of partnerships and/or share classes that were formed to accommodate specific large institutional investors with particular investment requirements and restrictions. In addition, the Private Funds and/or P2 are authorized, without the approval of any investor, to enter into “side letters” or similar written agreements with investors that have the effect of establishing rights under, or altering or supplementing the terms of each Private Funds’ Confidential Offering Material; which may include a Confidential Offering Memorandum, Limited
Partnership Agreement, Limited Liability Company Agreement and Investment Management Agreement (collectively referred to as the “COM”). The ability of other investors to elect to receive the benefit of such side agreements may be limited. Further, within the Private Funds, P2 has established certain partnerships through which certain investors may invest alongside one or more of the Private Funds for a particular public or private investment opportunity. These opportunities are typically only offered to certain limited partners, and generally provide such limited partners the ability to increase exposure to certain positions held by one or more of the Private Funds and/or provide P2 with the opportunity to outsize investments without distorting the overall risk/return profile of such Private Funds via excess concentration in one or more positions held by such Private Funds. Since P2 does not provide individualized advice to the investors in the Private Funds, investors must consider whether a particular Private Fund meets their investment objectives and risk tolerance prior to investing. Information about each Private Fund can be found in its COM. Advisory Services P2 manages the Private Funds under one main strategy: P2 seeks to generate significant capital appreciation by making strategic equity investments in primarily small capitalization (“small cap”) public and private companies. P2’s strategic equity investment style applies a private equity approach to investing in the public market. Specifically, P2 pursues a research intensive, concentrated, value-oriented, long-term, active and management-friendly investment style. As of December 31, 2023, P2 managed approximately $1,319,000,000, all on a discretionary basis.