Overview
Àshe is a limited partnership organized under the laws of the State of Delaware to provide
investment management services to a related pooled investment vehicle. Àshe is primarily owned
and controlled by William C. Crowley, Stephen M. Blass and William R. Harker (together, the
“Founders”), and is the successor entity to Àshe Capital Management, LLC, which the Founders
caused to be formed in 2013.
Àshe provides discretionary investment advice to Àshe Capital Partners, LP, a Delaware limited
partnership (the “Partnership”). An affiliate, Ashe Capital Partners (GP) LLC, (the “General
Partner”) a Delaware limited liability company serves as the general partner to the Partnership. The
General Partner is controlled by the Founders.
The Partnership will seek to generate high, risk-adjusted returns by making investments broadly in
securities and other instruments including without limitation, publicly-traded equities and other
instruments, equity equivalent positions, debt and other financial instruments, rights, options and
interests across a range of industries and markets. In providing services to the Partnership, among
other things, Àshe (i) manages the Partnership’s assets in accordance with the terms of the
applicable governing documents; (ii) formulates investment objectives; (iii) directs and manages
the investment and reinvestment of the Partnership’s assets; and (iv) provides periodic reports to
investors. Àshe provides investment
advice directly to the Partnership and not individually to the
Partnership’s limited partners or investors. Investment restrictions for the Partnership, if any, are
generally established in the applicable Partnership’s governing document.
Àshe may, in the future, organize additional investment vehicles that follow an investment strategy
similar to or different from the investment program of the Partnership.
From time to time, the Partnership, to the extent permitted by the Rules of the U.S. Financial
Industry Regulatory Authority (“FINRA”) as may be amended from time to time (the “Rules”),
purchase equity securities that are part of an initial public offering (sometimes referred to as “IPOs”
or “new issues”). Under the Rules, brokers may not sell such securities to a private investment
partnership, if the partnership has investors who are “Restricted Persons,” which category includes
persons employed by or affiliated with a broker and portfolio managers of hedge funds and other
registered and unregistered investment advisory firms, unless the partnership has a mechanism in
place that excludes such Restricted Persons from receiving allocations of profits from new issues.
The profits and losses with respect to new issues will generally be allocated to investors in the
Partnership that are Unrestricted Persons.
As of December 31, 2023, Àshe had approximately $1.324 billion of regulatory assets under
management.