Overview
A. Carr’s Hill Capital Partners Management, L.P. (“CHP,” “Carr’s Hill” or the “Adviser”) is
an investment advisory firm organized as a limited partnership under the laws of the State
of Delaware. H. David de Laureal, the principal owner of Carr’s Hill, founded the company
in June 2019.
B. Carr’s Hill provides investment advisory services to pooled investment vehicles (each a
“Fund” and collectively, the “Funds”), each of which is exempt from registration under the
Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are
not registered under the Securities Act of 1933, as amended (the “Securities Act”). The
Funds are identified in Section 7.B.(1) – Private Fund Reporting of the Adviser’s Form
ADV Part 1. In the future, the Adviser or its affiliates may sponsor additional funds.
The Funds make private equity investments in designated industrial, infrastructure, and
related companies approved by the members of the Funds (each, a “Portfolio Company”).
The Adviser’s advisory services consist of investigating, identifying and evaluating
investment opportunities in a Portfolio Company, structuring, negotiating and making
investments in a Portfolio Company on behalf of the Funds, managing and monitoring the
performance of the Portfolio Company and evaluating realization opportunities.
C. Terms of investments, including Fund objectives, limitations and strategies are governed
exclusively by the terms of the limited partnership agreements or limited liability company
agreements (as applicable), side letters, private placement memoranda and subscription
documents of the Funds (collectively and as applicable, the “Governing Documents”).
Carr’s Hill does not tailor its advisory services to the individual needs of investors in the
Funds (“Investors”). While the Funds will follow the general strategy stated above, Carr’s
Hill manages the Funds based on the investment guidelines and restrictions stated in each
Funds’ Governing Documents. Please see Item 8 (Methods of Analysis, Investment
Strategies, and Risk of Loss) for more information.
D. Carr’s Hill does not participate in wrap fee programs.
E. As of March 31, 2024, Carr’s Hill has approximately $177,097,855 in assets under
management, all managed on a discretionary basis.
