Clearfield Capital Management LP (“Clearfield” or the “Firm”) is a Delaware limited
partnership that was formed on September 22, 2014. Clearfield is controlled by its principal
owner, Philip Hilal (the “Principal Owner”), who acts as the managing member of
Clearfield's general partner, Clearfield Capital Management GP LLC, a Delaware limited
liability company (the “Investment Adviser General Partner”). Clearfield provides
investment advisory services to private funds (each a “Fund” and collectively, the “Funds”)
and may in the future advise separately managed accounts (the “Managed Accounts”).
Unless stated otherwise, the Funds are collectively referred to herein as the “Clients.” The
general partner for Clearfield Domestic Fund LP, Clearfield Intermediate Fund LP and
Clearfield Master Fund LP is Clearfield Capital GP LLC (the “General Partner”), a Delaware
Limited Liability Company formed on January 16, 2015. The General Partner has ultimate
responsibility for the management, operations and investment decisions of the Funds.
Clearfield provides investment management services to its Clients pursuant to investment
guidelines within the relevant organizational documents, limited partnership agreement,
investment management agreement, offering memorandum and/or subscription agreements,
as the case may be (each an “Offering Document”, and collectively, the “Offering
Documents”). Clearfield does not tailor its services to the individual Fund investors or
provide investors with the right to specify, restrict, or influence the Funds’ investment
objectives or any investment or trading decisions.
Clearfield seeks to accomplish its Clients' investment objectives through disciplined, research-
intensive investment and risk-management processes focusing primarily on public equity
(including "new issues") and equity-linked securities (e.g., common and preferred stock,
options, warrants and other derivatives), which the Firm believes are priced below their
intrinsic value, and debt from time to time. Clearfield does not provide investment advisory
services with respect to a limited range of investments.
Clearfield has, and may in the future, enter into agreements, commonly known as “Side
Letters,” with certain investors under which Clearfield waives or modifies the application of
certain investment terms applicable to such investors, without obtaining the consent of any
other investor in the Fund (other than an investor whose rights would be materially and
adversely affected by the waiver or modification).
Clearfield does not participate in wrap fee programs.
As of December 31, 2022, the Firm managed $318,678,947 in regulatory assets under
management (“RAUM”), all managed on a discretionary basis.