AKKR Mgmt Co is a private investment management firm, including several registered
investment advisory entities and other organizations affiliated with AKKR Mgmt Co
(collectively, “AKKR”). AKKR commenced operations in February 2000.
AKKR Mgmt Co, a Delaware limited partnership and a registered investment adviser,
provides investment advisory services to investment funds privately offered to qualified
investors in the United States and elsewhere. AKKR Mgmt Co commenced operations in May
2006.
The following general partner entities (each, a “General Partner” and collectively,
together with any future affiliated general partner entities, the “General Partners”) and other
advisory entities are affiliated with AKKR Mgmt Co (collectively with the General Partners and
AKKR Mgmt Co, the “Advisers”):
General Partners:
• AKKR Fund III Management Company, LP (“AKKR GP III”);
• AKKR Fund III Management Company CV, LP (“AKKR GP III CV”);
• AKKR Fund IV Management Company CV, LP (“AKKR GP IV CV”);
• AKKR Fund V Management Company, LP (“AKKR GP V”);
• AKKR Fund VI Management Company, LP (“AKKR GP VI”);
• AKKR Fund VII GP LP (“AKKR GP VII”);
• AKKR EBP Management Company, LP (“AKKR EBP GP”);
• AKKR EBP II GP LP (“AKKR EBP GP II”);
• AKKR Growth Capital Management Company, LP (“AKKR GC GP”);
• AKKR Growth Capital Management Company II, LP (“AKKR GC GP II”);
• AKKR Growth Capital Management Company III, LP (“AKKR GC GP III”);
• AKKR Growth Capital Management Company IV, LP (“AKKR GC GP IV”);
• AKKR Credit Partners Management Company, LP (“AKKR
Credit GP”);
• AKKR Credit Partners Management Company II LP (“AKKR Credit GP II”);
and
• AKKR Management Company, LLC (“AKKR Management I”).
Other Adviser:
• EAK Management UK, LLP (“EAK Management”)
The Advisers’ clients include the following (collectively the “Funds,” and together with
any future private investment fund to which AKKR or its affiliates provide investment advisory
services, “Private Investment Funds”):
Private Equity Funds
• Accel-KKR Capital Partners III, LP (“Fund III”);
• Accel-KKR Capital Partners CV III, LP (“Fund CV III”);
• Accel-KKR Capital Partners CV IV LP (“Fund CV IV”);
• Accel-KKR Capital Partners CV IV Strategic Fund LP (“Strategic Fund CV
IV” and, together with Fund CV III and Fund CV IV, the “CVs”);
• Accel-KKR Capital Partners V, LP (“Fund V”);
• Accel-KKR Capital Partners V Strategic Fund, LP (“Strategic Fund V”); and
• Accel-KKR Capital Partners VI, LP (“Fund VI”);
• Accel-KKR Capital Partners VII, LP (“Fund VII”, and together with Fund III,
Fund CV III, Fund CV IV, Strategic Fund CV IV, Fund V, Strategic Fund V and
Fund VI the “PE Funds”).
Growth Capital Funds
• Accel-KKR Growth Capital Partners, LP (“GC I”);
• Accel-KKR Growth Capital Partners II, LP (“GC II”);
• Accel-KKR Growth Capital Partners II Strategic Fund, LP (“GC Strategic II”);
• Accel-KKR Growth Capital Partners III, LP (“GC III”);
• Accel-KKR Growth Capital Partners IV, LP (“GC IV”, and together with GC I,
GC II, GC III and GC Strategic II, the “Growth Capital Funds”).
Credit Funds
• Accel-KKR Credit Partners, LP – Series 1 (“Credit Fund I”); and
• Accel-KKR Credit Partners II LP (“Credit Fund II”, together with Credit Fund
I, the “Credit Funds”).
Emerging Buyout Funds
• Accel-KKR Emerging Buyout Partners, LP (“EBP I”); and
• Accel-KKR Emerging Buyout Partners II LP (“EBP II”, together with EBP I,
the “Emerging Buyout Funds”).
The Advisers each serve as general partner to the applicable Fund(s) and have the
authority to make the investment decisions for the Fund(s) to which they provide advisory
services. AKKR Mgmt Co also serves as the management company to the Funds pursuant to
management agreements. Each Adviser is subject to the Advisers Act pursuant to AKKR Mgmt
Co’s registration
in accordance with SEC guidance. This Brochure describes the business
practices of the Advisers, which operate as a single advisory business and are under common
control. All advisory employees of AKKR are employed through AKKR Mgmt Co.
AKKR GC GP also serves as the general partner to Accel-KKR SCP California Co-
Invest, LP, a Delaware limited partnership (“California Co-Invest”). California Co-Invest was
formed to invest on side-by-side basis with GC I in certain companies that are headquartered in
California or otherwise conduct the majority of their operations or businesses in the state of
California. The terms applicable to an investment in California Co-Invest are substantially
similar to the terms of an investment in GC I and accordingly references herein to the activities
and terms of GC I should be read to include the activities and terms of California Co-Invest unless
otherwise noted.
The Advisers also manage Accel-KKR Members Fund, LLC (“Members Fund”), which
makes co-investments side-by-side with various Funds in portfolio investments, and Accel-KKR
Special Opportunities Co-Invest KE-QP, LLC (“Special Opportunities Co-Invest”), which has
invested in an AKKR proprietary trading vehicle.
The Funds are each private investment funds and, with respect to the PE Funds and
Emerging Buyout Funds, generally invest through negotiated transactions in holding companies
that in turn own private operating companies, generally referred to herein as “portfolio
companies.” The Growth Capital Funds were established to make investments in portfolio
companies consisting of investments in structured minority preferred equity or subordinated
debt with equity enhancements. The Credit Funds were established to generally generate
proprietary direct lending to portfolio companies. Investments of the Funds are made
predominantly in non- public companies, although investments in certain public companies are
permitted. From time to time, where such investments consist of portfolio companies, the senior
principals or other personnel of the Advisers or their affiliates may serve on such portfolio
companies’ boards of directors or otherwise act to influence control over management of
portfolio companies in which the Funds have invested. The Advisers’ services to the Funds
consist of identifying and evaluating investment opportunities, negotiating the terms of
investments, monitoring investments and achieving dispositions for such investments, each on
a discretionary basis.
The Advisers’ advisory services for Private Investment Funds are further described in
the applicable private placement memoranda, if available, or other offering documents and Fund
Agreements (as defined below) (together with the offering documents, the “Governing
Documents”) as well as below under “Methods of Analysis, Investment Strategies and Risk of
Loss” and “Investment Discretion.” Investors in Private Investment Funds (generally referred to
herein as “investors” or “limited partners”) participate in the overall investment program for the
applicable Fund, but in certain circumstances are excused from a particular investment in certain
of the Funds due to legal, regulatory or other agreed-upon circumstances, in each case pursuant
to the terms of the applicable Fund Agreement for the avoidance of doubt, such arrangements
generally do not and will not create an adviser-client relationship between the Advisers and any
investor. The Private Investment Funds or the Advisers have entered into side letters or other
similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights
under, or altering or supplementing the terms (including economic or other terms) of a Private
Investment Fund’s Fund Agreement.
As of December 31, 2022, the Advisers managed approximately $19,109,600,000 in
client assets on a discretionary basis. AKKR Management Company, LLC, a Cayman Islands
limited liability company, acts as the general partner of AKKR Mgmt Co. AKKR Mgmt Co is
principally owned and operated by Thomas Barnds and Robert Palumbo.