Overview
Crown Advisors Management, Inc., a Texas Subchapter S corporation (“Crown”), has been in
business since 2014. Currently, it provides investment advice to Foundation Partners, L.P. (the
“Fund”). In 2014, Crown merged with and into Crown Capital Management, a California
corporation (the “Predecessor Corporation”), with Crown continuing as the surviving corporation
of the merger (the “Merger”). Robert Scott Fearon was the president, sole shareholder and
portfolio manager of the Predecessor Corporation prior to the Merger and remains the president,
sole shareholder and portfolio manager of Crown.
Prior to the Merger, the Predecessor Corporation served as the general partner of the Fund and
provided investment advisory to the Fund. In 2014, the Fund changed its state of incorporation
from California to Delaware pursuant to a conversion transaction. The Fund is now a Delaware
limited partnership. Crown, as the successor to the Predecessor Corporation, continues to serve as
the general partner of the Fund. As of December 31, 2023, Crown had total discretionary assets
under management of approximately $203,577,082. Crown only manages assets on a discretionary
basis.
Investment advisory services provided
to the Fund include: (1) establishing the Funds’ investment
objectives; (2) buying or selling portfolio securities on behalf of the Fund; and (3) periodically
reporting to each of the Funds’ investors in accordance with the Fund documents. This document
is not a public offer for investment in the Fund. Please refer to the Fund documents for more
detailed information.
Crown tailors its investment advice for the Fund in accordance with their respective investment
objectives and strategy, as set forth in the Fund documents, but does not tailor its advisory services
to the needs of any particular investor in the Fund. Crown invests principally, but not solely, in
equity and equity-related securities that are traded publicly in U.S. markets on behalf of its clients
but is authorized to enter into any type of investment transaction that it deems appropriate under
the terms of the applicable Fund documents.
The investors in the Fund have no opportunity to select or evaluate any Fund investments or
strategies. Crown selects all Fund investments and strategies. There are no material limitations on
the markets or instruments in which the Fund may invest or the strategies which Crown may
employ.