Overview
Pamlico Capital Management, LP (“Pamlico Capital” or the “Firm”) was formed in March 2010 to
provide investment advisory services to private investment funds. The Firm is 99% owned by seven of its
most senior investment professionals, Frederick W. Eubank II, L. Watts Hamrick III, Scott B. Perper,
Arthur C. Roselle, Walker C. Simmons, Scott R. Stevens, and Eric J. Wilkins. The remaining 1% of the
Firm is owned by its general partner, Pamlico Holdings, Inc., which is entirely owned by the same seven
individuals.
The funds we advise (“Pamlico Funds” or “Funds”) are privately offered pooled investment vehicles,
each of which has as its investors a limited number of sophisticated institutional or otherwise highly
sophisticated investors. In limited circumstances, as more fully described in Item 7, we also permit certain
investors and third parties to co-invest alongside a Fund directly into a portfolio company or its holding or
operating company. Such co-investments are not Funds or clients of Pamlico Capital.
Each Fund is controlled by a general partner (a “General Partner”) which has the authority to make
investment decisions on behalf of the Funds. Pursuant to SEC guidance, the General Partners are deemed
registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) pursuant to
Pamlico Capital’s registration.
The applicable General Partner of each Fund retains investment discretion
and investors in the Funds do not participate in the control or management of the Funds.
The Funds’ primary investment focus is control and significant minority investments in lower middle
market companies, with a particular focus on the healthcare, communications, and business and
technology services industries. The advisory services we provide to the Funds include identifying and
screening potential investments, determining strategies for the management and disposition of
investments, executing acquisitions and dispositions of investments, monitoring the performance of
portfolio companies, and managing investor relations and reporting.
Pamlico Capital tailors its investment advice to each of its clients. In the case of the Funds, which are
currently our only clients, our services are tailored to each Fund’s investment strategy and to certain
investment limitations, all of which are set forth in the governing and offering documents provided to and
negotiated with investors in each Fund.
As of December 31, 2023, Pamlico Capital managed $3,408,698,351 of regulatory assets under
management, all on a discretionary basis; Pamlico Capital does not manage any client assets on a non-
discretionary basis. Pamlico Capital does not participate in wrap fee programs.