Peak Rock Capital LLC (the “Adviser”), a Delaware limited liability company and
registered investment adviser and its affiliated investment advisers provide discretionary
investment advisory services to private investment-related funds privately offered to qualified
investors in the United States and elsewhere. The Adviser commenced business operations in July
2012.
The Advisers’ clients include the following (each, a “Fund,” and together with any future
private investment fund or investment vehicle to which Peak Rock provides investment advisory
services, the “Funds”):
• Peak Rock Capital Fund LP
• Peak Rock Capital Fund A LP (together with Peak Rock Capital Fund LP,
“Fund I”)
• Peak Rock Capital Executive Fund LP
• Peak Rock Capital Fund II LP
• Peak Rock Capital Fund II-A LP (together with Peak Rock Capital Fund II LP,
“Fund II”)
• Peak Rock Capital Credit Fund II LP
• Peak Rock Capital Credit Fund II NUS LP
• Peak Rock Capital Credit Fund II-A NUS LP
• Peak Rock Capital Credit Fund II-A LP (together with Peak Rock Capital Credit
Fund II LP, Peak Rock Capital Credit Fund II NUS LP and Peak Rock Capital
Credit Fund II-A NUS LP, “Credit Fund II”)
• Peak Rock Capital Executive Fund II LP
• Peak Rock Capital Executive Fund III LP
• Peak Rock Capital Executive Credit Fund II LP
• Peak Rock Capital Executive Credit Fund III LP
• Peak Rock Executive Real Estate Fund I LP (together with Peak Rock Capital
Executive Fund LP, Peak Rock Capital Executive Fund II LP, Peak Rock Capital
Executive Credit Fund II LP, Peak Rock Capital Executive Fund III LP, Peak Rock
Capital Executive Credit Fund III LP and any future Peak Rock executive funds,
collectively, the “Executive Fund”)
• Peak Rock Capital Fund III LP
• Peak Rock Capital Fund III-A LP (together with Peak Rock Capital Fund III LP,
“Fund III”)
• Peak Rock Capital Credit Fund III LP
• Peak Rock Capital Credit Fund III-A LP
• Peak Rock Capital Credit Fund III-B LP
• Peak Rock Capital Credit Fund III NUS LP
• Peak Rock Capital Credit Fund III-B NUS LP (together with Peak Rock Capital
Credit Fund III LP, Peak Rock Capital Credit Fund III-A LP and Peak Rock Capital
Credit Fund III-B LP “Credit Fund III”)
• Peak Rock Real Estate Fund I LP (“RE Fund I”)
The following general partner and advisory entities are affiliated with the Adviser:
• Peak Rock Capital Holdings I LP
• Peak Rock Capital Holdings II LP
• Peak Rock Capital Holdings III LP
• Peak Rock Capital Credit Holdings II LP
• Peak Rock Capital Credit Holdings III LP
• Peak Rock Capital Executive Holdings I LLC
• Peak Rock Capital Executive Holdings II LLC
• Peak Rock Capital Executive Holdings III LLC
• Peak Rock Capital Executive Credit Holdings II LLC
• Peak Rock Capital Executive Credit Holdings III LLC
• Peak Rock Capital Real Estate Holdings I LP
• Peak Rock Executive Real Estate Holdings I LLC
• Peak Rock Capital Directors LP
• Peak Rock Capital Real Estate Directors LP
• Peak Rock Capital Credit Directors LP (together with Peak Rock Capital Directors
LP and Peak Rock Capital Real Estate Directors LP, the “Management
Companies” and each a “Management Company”)
• Peak Rock Capital Real Estate LLC
• Peak Rock Capital Credit LLC (together with Peak Rock Capital Real Estate LLC,
the “Relying Advisers” and each a “Relying Adviser”)
• Peak Rock Capital Europe LLP
(each, a “General Partner,” and collectively, together with the general partners of any
future private investment funds to which Peak Rock provides investment advisory services,
“General Partners,” and the General Partners together with the Adviser, the Management
Companies and the Relying Advisers, “Peak Rock” or “Advisers”).
Each General Partner is subject to the Advisers Act pursuant to the Adviser’s registration
in accordance with SEC guidance. This Brochure describes the business practices of Peak Rock,
including the General Partners, which operate as a single advisory business together with the
Adviser.
The Funds invest through
negotiated transactions in operating entities, generally referred
to herein as “portfolio companies.” Peak Rock’s investment advisory services to the Funds consist
of identifying and evaluating investment opportunities, negotiating the terms of investments,
managing and monitoring investments and ultimately selling such investments. Investments are
made predominantly in non-public companies, although investments in public companies are
permitted in certain instances. Where such investments consist of portfolio companies, the senior
principals or other employees of Peak Rock generally serve on such portfolio companies’
respective boards of directors or otherwise act to influence control over management of portfolio
companies held by Funds.
Peak Rock’s advisory services for each Fund are detailed in the applicable offering
memorandum (each, a “Memorandum”), investment management agreement (the “Management
Agreement”) and limited partnership agreement (each, a “Limited Partnership Agreement” and
together with the Memorandum and the Management Agreement, the “Governing Documents”)
and are further described below under “Methods of Analysis, Investment Strategies and Risk of
Loss.” Investors in 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 due to legal, regulatory or other agreed-upon
circumstances pursuant to the relevant Limited Partnership Agreement; such arrangements
generally do not and will not create an adviser-client relationship between Peak Rock and any
investor. The Funds or Peak Rock generally enter into side letters or similar agreements (“Side
Letters”) with certain investors that have the effect of establishing rights (including economic or
other terms) under, or altering or supplementing, a Fund’s Limited Partnership Agreement,
including provisions relating to the Management Fee (as defined below) and distributions.
Additionally, as permitted by the relevant Limited Partnership Agreement, if a co-
investment opportunity is available, the Advisers expect to provide co-investment opportunities
(including the opportunity to participate in co-invest vehicles) to certain current or prospective
investors or other persons, including other sponsors, market participants, finders, consultants and
other service providers, portfolio company management or personnel, Special Consultants (as
defined below) and members of PGC (as defined below), Peak Rock personnel and/or certain other
persons associated with Peak Rock and/or its affiliates (e.g., a vehicle formed by Peak Rock’s
principals to co-invest alongside a particular Fund’s transactions). Such co-investments would
typically involve investment and disposal of interests in the applicable portfolio company at the
same time and on the same terms as the Fund making the investment. However, for strategic and
other reasons, a co-investor or co-invest vehicle (including a co-investing Fund) could purchase a
portion of an investment from one or more Funds after such Funds have consummated their
investment in the portfolio company (also known as a post-closing sell-down or transfer),
including in circumstances in which a Fund’s line of credit is used to initially fund an investment.
The Adviser expects that any such purchase from a Fund by a co-investor or co-invest vehicle
would generally occur shortly after a Fund’s completion of the investment to avoid any changes
in valuation of the investment, but in certain instances could be well after the Fund’s initial
purchase. Where appropriate, and in the Adviser’s sole discretion, the Adviser reserves the right
to equitably adjust the purchase price under certain conditions and/or seek reimbursement from
the relevant Fund for related costs. However, to the extent any such amounts are not so charged or
reimbursed (including charges or reimbursements required pursuant to applicable law), they
generally will be borne by the relevant Fund.
As of December 31, 2023, Peak Rock managed $4,523,105,578 in client assets on a
discretionary basis. The Adviser is principally owned by an affiliate of Anthony DiSimone.