A. Shelter Growth Capital Partners LLC (“Advisor,” “SGCP”, “we” or “us”) is a Delaware limited liability company
that was formed in November 2014 to provide investment advisory services. SGCP is owned by SGCP Holdco
LLC, which is 49% owned by One Dock Partners, LP (“One Dock”). Dan Sparks, Kevin Gasvoda and Justin
Mahoney control One Dock and control a majority of the Board of Managers of SGCP and SGCP Holdco LLC.
B. SGCP pursues investment strategies on behalf of clients by seeking to provide attractive risk-adjusted returns
through fundamental analysis and relative value investing primarily in the structured credit and fixed income
markets. SGCP participates across markets that provide opportunities for clients to achieve their objectives
including fixed income securities, loans, derivatives, equities, mortgage-related assets and other asset classes.
SGCP may provide these services as advisor to funds or from time to time, separately managed accounts.
C. SGCP manages investments for clients in accordance with the investment objectives outlined in each fund’s
applicable governing documents. Fund investors may not impose restrictions on investing in certain securities
or types of securities. Separately managed
account clients may, however, negotiate certain restrictions
regarding the types of investment instruments and the level of leverage permitted.
All discussions regarding separately managed accounts, fund clients or other clients within this brochure,
including but not limited to their investments, the strategies used in managing such clients, the fees and other
costs associated with an investment related to each client, and conflicts of interest faced by SGCP in
connection with management of the clients, are qualified in their entirety by reference to each client’s
respective offering memorandum, term sheet, or advisory agreement as applicable.
D. SGCP does not participate in wrap fee programs.
E. SGCP anticipates providing advisory services to various types of clients, including, but not limited to, hedge
funds, private equity funds, foundations, financial institutions, pension plans, insurance companies, ERISA-
compliant vehicles, high net worth persons (including their family offices), and charitable organizations.
As of December 31, 2022, SGCP managed $1,708,619,835 in regulatory assets on a discretionary basis. SGCP
does not manage assets on a non-discretionary basis.