Overview
Perennial Capital Advisors, LLC (“Perennial Capital”) provides investment advisory services to
private investment fund of funds (the “Perennial Capital Funds”) with a focus on selecting,
monitoring and providing reporting on primarily limited partnership interests in private equity real
estate funds, and in some cases, in direct real estate co-investments with an underlying fund or
investments in private real estate funds through secondary transactions. The Perennial Capital
Funds use a fund of funds investment structure and, as such, they do not typically make direct
investments in publicly-traded securities or in private operating entities.
Perennial Capital was formed in 2004 and has offices in Boston, Massachusetts. The principal
owner of Perennial Capital is Leslie E. Greis, who is the sole managing member of Perennial
Capital.
Investors and prospective investors in each Perennial Capital Fund should refer to the confidential
private placement memorandum, limited partnership agreement, adviser agreement and other
governing documents for each Perennial Capital Fund (the “Governing Documents”) for
complete
information on the investment objectives and investment restrictions with respect to a particular
Perennial Capital Fund. There is no assurance that any of the Perennial Capital Funds’ investment
objectives will be achieved.
A related entity of Perennial Capital generally acts as the general partner of each Perennial Capital
Fund, and Perennial Capital is the investment manager of each Perennial Capital Fund. In
accordance with common industry practice, one or more of the Perennial Capital Fund general
partners has the ability enter into “side letters” or similar agreements with certain investors
pursuant to which the general partner grants the investor specific rights, benefits, or privileges that
are not made available to investors generally.
Perennial Capital does not participate in wrap fee programs.
Perennial Capital manages all assets on a discretionary basis in accordance with the terms and
conditions of each of the Perennial Capital Fund’s Governing Documents. As of December 31,
2023, the amount of assets Perennial Capital manages on a discretionary basis was $92,025,242.