Overview
HPC is an investment advisory firm established in 2014 and organized as a limited partnership
under the laws of Delaware and is owned and controlled by Hill Path Holdings LLC, a Delaware
limited liability company, which is ultimately controlled by the founder and principal owner, Scott
Ross (the “Principal”).
HPC provides discretionary investment advice and management services to private investment
funds (each, a “Fund”), which are generally structured as limited partnerships or limited liability
companies. HPC pursues a long term, contrarian, value-oriented investment strategy applying an
active ownership, private equity investment model to public equity markets. HPC also
opportunistically will make investments in private companies, public equity and debt.
HPC also provides advisory services to certain co-investment vehicles (“Advisory Clients”, and
together with the Funds, “Clients”) that are established and operated by third parties. HPC provides
ongoing investment advice and monitoring services to these Advisory Clients.
Each Client’s investment objectives, limitations and/or parameters are set forth in such Client’s
governing documents (the “Client Documents”) provided to each investor in the given Client (each,
an “Investor”). Please also refer to Item 8 of this Brochure for additional detail related to HPC’s
investment strategies and related risks.
HPC tailors its investment advisory services to each Client. However, HPC does not tailor its
advisory services to the individual needs of Investors, and Investors may not impose restrictions on
investing in certain securities or types of investments.
Persons reviewing this Brochure should not construe this Brochure as an offering of any of the
Funds described herein, which will only be made pursuant to delivery of a confidential offering
memorandum to prospective eligible investors.
HPC does not participate in wrap fee programs.
See Item 16 for disclosure related to side letters.
As of December 31, 2023, HPC manages approximately $4,071,207,821 in Fund assets on a
discretionary basis.