Overview
Cryder Capital Partners LLP (“Cryder Capital” or the “Firm”) was organized as a limited liability
partnership in the United Kingdom on 20 December 2010. The Firm was established by Ferdinand Groos,
Michael Palm Andersen and Thomas Carreras. The Firm’s principal office is 10 Cork Street, London W1S
3NP, United Kingdom.
Cryder Capital has been authorized and regulated by the United Kingdom Financial Conduct Authority and
its predecessor, the United Kingdom Financial Services Authority, since 20 December 2011 to carry on
investment business.
The Firm serves as an investment manager to pooled investment vehicles and pension plans. (Please see
Item 7 of this Brochure for more information with respect to the Firm’s clients.) The Firm provides such
investment management services on a discretionary basis only.
Cryder Capital undertakes discretionary management of mandates which are offered to clients either by
way of segregated accounts or through a pooled master/feeder investment vehicle, Cryder Capital Partners
Master Fund L.P. / Cryder Capital Partners Inc. (collectively, the “Fund” or the “Private Fund”).
Principal Ownership of the Firm
Cryder Capital is owned by the four partners of the Firm, namely Ferdinand Groos, Thomas Carreras,
Michael Palm Andersen and Sharon Kelly.
Advisory Services Provided to the Fund
The Firm provides discretionary advisory services for the Private Fund, a Cayman Islands master/feeder
fund. A description of the Fund’s strategy is set forth in Item 8 below. Details regarding the services
provided to the Fund and otherwise regarding Cryder Capital’s arrangements with the Fund are set forth in
the Fund’s offering memorandum.
The Fund is managed only in accordance with its own characteristics and is not tailored to any particular
shareholder (each an “investor”). Since Cryder Capital does not provide individualized advice to the
investors (and an investment in the Fund does not, in and of itself, create an advisory relationship between
the investor and Cryder Capital), investors must consider whether an investment in the Fund meets their
investment objectives and risk tolerance prior to investing. While this Brochure may be provided to
investors, and may include information about the Fund, this Brochure is intended solely to provide
information about Cryder Capital and should not be considered to be an offer of interests in the Fund.
Information about the Fund can be found in its offering memorandum.
Advisory Services Provided to Separate Account Clients
For segregated account clients, Cryder Capital offers asset management services that consist of continuous
and ongoing supervision over specified accounts. Each client enters into a written investment management
agreement to appoint Cryder Capital as the investment adviser with respect to an account. Each
account
consists only of assets held by a qualified custodian under the client’s name. The custodian maintains
custody of all funds and securities in the account, and the client retains all rights of ownership (e.g., the
right to withdraw securities or cash, and the right to exercise or delegate proxy voting).
As set forth in each investment management agreement, each account shall be invested in accordance with
Cryder Capital’s investment strategy. A description of that investment strategy and certain risk factors is
set forth in Item 8 below.
The investment recommendations and any decisions of Cryder Capital with respect to the strategy and each
account are subject to various market, currency, economic, political and business risks, and will not
necessarily be profitable. Cryder Capital cannot guarantee the future performance of the investment
strategy or account, promise any specific level of performance, or promise that Cryder Capital’s investment
decisions or overall management of the investment strategy or account will be successful. Any asset
withdrawals or any client investment restrictions may impair achievement of investment objectives. Cryder
Capital may manage investments for a number of clients, and may give advice or take actions for some
clients that is different than the advice provided or actions taken for others. Cryder Capital is not obligated
to buy, sell or recommend any security or investment that we may buy, sell or recommend for any other
client or for its own accounts. Neither Cryder Capital nor its partners or employees make any
representations or warranties, express or implied, that any level of performance or investment results will
be achieved by the investment strategy or account, or that any investment strategy or account will perform
comparably with any standard or index, including any other clients of the Firm, and including clients whose
accounts may be invested in the same strategy as other clients.
Cryder Capital is generally not expected to consider and diversify a client’s account based on any other
assets the client might hold, and Cryder Capital’s only responsibility with respect to diversification is to
invest the assets held in that account in accordance with the investment strategy set forth in the relevant
investment management agreement.
Each investment management agreement will also identify any investment restrictions that the client may
impose with respect to the relevant account. Cryder Capital will not enter into any investment management
agreement if a prospective client seeks to impose unduly restrictive investment restrictions.
Assets under Management
As of 31st March 2023, Cryder Capital managed approximately $2,285 million of client assets on a
discretionary basis. Cryder Capital does not manage any assets on a non-discretionary basis.