Overview
ADVISORY BUSINESS
Pfingsten Partners, a Delaware limited liability company and a registered investment adviser
formed in 1989, provides investment advisory services to its clients, which consist of private investment
funds, including the funds described herein (collectively and together with any future private investment
fund, the “Funds” and each individually, a “Fund”). For purposes of this brochure, “Pfingsten Partners”
shall include (where the context permits) other affiliates that provide advisory services to and/or receive
management fees from the Funds and/or serve as general partners of the Funds. Such affiliates are under
common control with Pfingsten Partners, L.L.C. Pfingsten Partners is owned by Mr. Scott Finegan, Mr.
Phillip Bronsteatter and Mr. Kenneth Hessevick.
Pfingsten Partners, through its Funds, invests in middle market manufacturing, distribution and
business services companies with a strategy to build better businesses through operational improvements,
professional management practices, global capabilities and profitable business growth rather than financial
engineering.
Pfingsten Partners’ investments consist of portfolio companies, where Pfingsten Partners’ Senior
Managing Directors and Managing Directors (the “Pfingsten Partners Directors”) will, in
most cases, serve
on such portfolio companies’ respective boards of directors or otherwise act to influence control over
management of portfolio companies held by the relevant Fund.
Pfingsten Partners provides investment advisory services to the Funds which invest directly in
portfolio companies. As of December 31, 2023, Pfingsten Partners managed approximately $1,076 million
in client assets.
Pfingsten Partners’ advisory services for Funds are detailed in the applicable private placement
memoranda and limited partnership agreements (collectively, the “Governing Documents”) and are further
described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investment
restrictions, if any, are detailed in the Funds’ Governing Documents.
Pfingsten Partners Fund Program
Pfingsten Partners is the investment manager of the following Funds, each of which invests directly
in portfolio companies and has as its general partner a Pfingsten Partners affiliate of which Pfingsten
Partners is the managing member:
• Pfingsten Partners Fund IV, L.P.
• Pfingsten Partners Co-Investment Fund IV, L.P.
• Pfingsten Partners Fund V, L.P.
• Pfingsten Partners Fund V-A, L.P.
• Pfingsten Fund VI, L.P.
• Pfingsten Fund VI-A, L.P.