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Adviser Profile

As of Date 03/31/2024
Adviser Type - Large advisory firm
Number of Employees 131 9.17%
of those in investment advisory functions 69 15.00%
Registration SEC, Approved, 03/27/2012
AUM* 15,214,484,066 28.71%
of that, discretionary 15,214,484,066 28.71%
Private Fund GAV* 14,627,668,897 22.52%
Avg Account Size 234,068,986 16.83%
SMA’s No
Private Funds 65 6
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
12B 10B 8B 7B 5B 3B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count65 GAV$14,627,668,897

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Brochure Summary

Overview

A.Description of Advisory Firm Searchlight Capital Partners, L.P., a Delaware limited partnership (“Searchlight” or the “Firm”) is a private equity firm established in June 2010. Searchlight was founded by Oliver Haarmann, Erol Uzumeri and Eric Zinterhofer (collectively, the “Principals”), who are the principal owners of the Firm directly and indirectly through Searchlight Capital Partners, LLC, a Delaware limited liability company and the general partner of Searchlight. In addition, the Firm’s affiliates, Searchlight Capital Partners UK, LLP and Searchlight Capital Partners Canada Limited act as relying advisers and together with the General Partners (as defined below) operate with Searchlight as a single advisory business. The Firm is a private investment firm operating in North America and Europe with offices in New York, London and Toronto as well as a recently opened office in Miami. Searchlight has the ability to invest across the capital structure in both equity and debt. The Firm seeks to invest in attractive companies across a wide range of industries and is comfortable investing in complex situations. Searchlight’s objective is to work in partnership with company management by providing patient, long-term capital as well as the strategic and operational support to enhance value creation for all stakeholders. Searchlight currently provides investment advisory services to Searchlight Capital, L.P., Searchlight Capital PV, L.P., and their respective parallel funds and alternative investment vehicles formed from time to time (collectively, “Fund I”), Searchlight Capital II, L.P., Searchlight Capital II PV, L.P., Searchlight Capital II Advisors, L.P. and their respective parallel funds and alternative investment vehicles formed from time to time (collectively, “Fund II”), Searchlight Capital III, L.P., Searchlight Capital III PV, L.P., Searchlight Capital III Advisors, L.P. and their respective parallel funds and alternative investment vehicles formed from time to time (collectively, “Fund III”), Searchlight Capital IV, L.P., Searchlight Capital IV PV-A, L.P., Searchlight Capital IV PV-B, L.P. and their respective parallel funds and alternative investment vehicles formed from time to time (collectively, “Fund IV” and together with Fund I Fund II, and Fund III the “PE Funds”), Searchlight Opportunities Fund, L.P. and its alternative investment vehicles formed from time to time (collectively, “Opportunities Fund I”), Searchlight Opportunities Fund II, L.P. and its parallel funds and alternative investment vehicles formed from time to time (collectively, “Opportunities Fund II” and together with Opportunities Fund I, the “Opportunities Funds”), Searchlight Fiber Alliance, LLC and its parallel funds and alternative investment vehicles formed from time to time (collectively, the “Digital Infra Fund”), Searchlight Capital CF SPK, L.P. and its parallel funds and alternatives vehicles formed from time to time (collectively, the “Continuation Fund” and, together with the PE Funds, the Opportunities Funds, and the Digital Infra Fund, the “Funds”). In addition, Searchlight manages co-investment vehicles which invest alongside the Funds. As used herein, “Searchlight Funds” refers to the Funds and any co-investment vehicles formed from time to time, together with subsequently sponsored funds and their related vehicles and co-investment vehicles formed from time to time, and any similar pooled investment vehicles formed or managed by Searchlight or its affiliates. The general partner of Fund I is Searchlight Capital Partners GP, L.P., (the “Fund I General Partner”), the general partner of Fund II is Searchlight Capital Partners II GP, L.P. (the “Fund II General Partner”), the general partner of Fund III is Searchlight Capital Partners III GP, L.P. (the “Fund III General Partner”), the general partner of Fund IV is Searchlight Capital Partners IV GP, L.P. (the “ Fund IV General Partner”)the general partner of the Opportunities Fund I is Searchlight Opportunities Fund GP, L.P. (the “Opps Fund I General Partner”),the general partner of Opportunities Fund II is Searchlight Opportunities Fund II GP, L.P. (the “Opps Fund II General Partner”) the general partner of the Digital Infra Fund is Searchlight Fiber Alliance 2022 GP, L.P.(the “Infrastructure Fund GP”), and the general partner of the Continuation Fund is Searchlight Capital Partners CF SPK GP, L.P. and together with the general partners of any other Searchlight Fund, the “General Partners”). The General Partners and Searchlight are affiliates. The General Partners have the power and authority to delegate the management of the 6 | P a g e Searchlight Funds to Searchlight. The General Partners and the Searchlight Funds have entered into management agreements with Searchlight to document the delegation of the management of each Searchlight
Fund to Searchlight. B.Types of Advisory Services Offered Searchlight provides advice to the Searchlight Funds in respect of their investment portfolios, as well as certain ancillary managerial and administrative services, including, without limitation, identifying and screening potential investments, recommending strategies for the management and disposition of investments, monitoring the performance of investments, and preparing reports necessary or appropriate for compliance with the governing agreements of the Searchlight Funds. Investments in Searchlight Funds are privately offered only to qualified investors, typically institutional investors (for example, public and private pension funds) and eligible high-net-worth individuals. C.Services Tailored to Individual Needs of Clients Searchlight’s advisory services are geared to the management of the Searchlight Funds, the investment objectives, parameters and restrictions of which are disclosed to investors in the applicable governing agreements before they invest. Investment restrictions applicable to specific Searchlight Funds are customarily imposed in the governing agreements for such Searchlight Funds, as agreed upon with investors. Searchlight or certain affiliates have entered and could in the future enter into side letters or other writings with specific investors in Searchlight Funds which have the effect of establishing rights under, or altering or supplementing, the terms of the governing agreements of the Searchlight Funds or an investor’s subscription agreement, in respect of the investor to whom such letter or writing is addressed. Other side letter rights are likely to confer benefits on the relevant investor at the expense of the relevant Searchlight Fund or of investors as a whole, including in the event that a side letter confers additional reporting, information rights and/or transfer rights, the costs and expenses of which are expected to be borne by the relevant Searchlight Fund. As a result of such rights, certain limited partners in the same Searchlight Fund could experience different returns or have access to information to which other limited partners do not have access. Generally, any rights established, or any terms altered or supplemented, will govern only that investor and not a Searchlight Fund as a whole. However, certain additional rights have the effect of increasing the expenses borne by the Searchlight Fund or its limited partners not party to the particular side letter, including for example with respect to costs incurred in providing a limited partner additional information or reporting. Certain such additional rights but not all rights, terms or conditions are permitted to be elected by certain sizeable investors with “most favored nations” rights pursuant to a Searchlight Fund’s limited partnership agreement (any Searchlight Fund limited partnership agreement or limited liability company agreement, as applicable, hereinafter referred to as a “Partnership Agreement”). Such side letters have and could in the future impose restrictions on participation in certain investments or types of investments made by the Searchlight Funds, and could also provide benefits to certain investors in a Searchlight Fund not provided to investors in such Searchlight Fund generally. In addition, such side letters could include, without limitation, rights or altered or supplemented provisions in respect of the priority profit share or management fees, carried interest, distributions, co-investments, excuse or exclusion from investments, transfers of interests in the Searchlight Fund, tax and structuring matters, reporting and information rights, confidentiality, notice requirements, compliance with specified laws or regulations and other representations, warranties or diligence confirmations. Neither Searchlight nor its affiliates will enter into a particular side letter if Searchlight determines that the provisions 7 | P a g e contained in such side letter would be disruptive to the applicable Searchlight Fund or its investment program. Disclosure of applicable side letter provisions is made to investors prior to their investment in the applicable Searchlight Fund. D.Wrap Fee Programs Searchlight does not participate in wrap fee programs. E.Client Assets As of December 31, 2023, Searchlight had approximately $15,214,484,066 in regulatory assets under management on a discretionary basis. As of December 31, 2023, Searchlight did not manage any assets on a non-discretionary basis. The information provided herein about the investment advisory services provided by Searchlight is qualified in its entirety by reference to the Searchlight Funds’ offering materials and Partnership Agreements and subscription agreements.