O2  Investment  Partners,  LP  (the  “Management  Company”  and,  together  with  its 
affiliates, “O2”) is a Delaware partnership and a registered investment adviser. O2 is a private 
investment  management  firm  that  provides  investment  advisory  services  to  investment  funds 
privately  offered  to  qualified  investors  in  the  United  States  and  elsewhere.  O2  commenced 
operations in January 2010. 
O2’s clients include the following (each, a “Fund,” and together with any future private 
investment fund to which O2 or its affiliates provide investment advisory services, the “Funds”): 
•  O2 Investment Partners Oxygen Fund, L.P. (“Oxygen Fund”); 
•  O2 Investment Partners Fund III, L.P. (“Fund III”); 
•  O2 Investment Partners Fund III-A, L.P. (“Fund III-A”);  
•  O2 Investment Partners Fund III-B, L.P. (“Fund III-B,” and collectively with Fund 
III-A, the “Fund III Institutional Fund”); 
•  O2 Investment Partners Fund IV, L.P. (“Fund IV”); 
•  O2 Investment Partners Fund IV-A, L.P. (“Fund IV-A”);  
•  O2 Investment Partners Fund IV-B, L.P. (“Fund IV-B,” and collectively with Fund 
IV-A, the “Fund IV Institutional Fund,” and together with Fund III Institutional 
Fund, the “Institutional Fund”); 
•  O2 Investment Partners Fund IV-C, L.P. (“Fund IV-C”); 
•  O2 Investment Partners Oxygen Fund II Co-Invest SPV, L.P. (“Co-Invest SPV”); 
•  O2 VH Investors, LLC (“VH Investors”);  
•  O2 1 EH Investors, LLC (“EH Investors”); and 
•  O2 SIB Co-Invest, LLC (“SIB Co-Invest,” and collectively with Co-Invest SPV, 
VH Investors, EH Investors and SIB Co-Invest, the “SPVs”). 
The following general partner entities are affiliated with O2: 
•  O2 Investment Partners GP, LLC; 
•  O2 Investment Partners Fund III GP, L.P. 
•  O2 Investment Partners Fund IV GP, L.P. 
•  O2 VH Manager, LLC; and 
O2 1 EH Manager, LLC 
(each, a “General Partner,” and collectively, together with any future affiliated general 
partner entities, the “General Partners,” and together with O2 and their affiliated advisory entities 
the “Advisers”). 
Each  General  Partner  is  subject  to  the  Advisers  Act  pursuant  to  the  Management 
Company’s  registration  in  accordance  with  SEC  guidance.  This  Brochure  also  describes  the 
business practices of the General Partners, which operate as a single advisory business together 
with the Management Company. 
The Funds are private equity funds and invest through negotiated transactions in operating 
entities, generally referred to herein as “portfolio companies.” The Advisers’ investment advisory 
services to the Funds consist of identifying and evaluating investment opportunities, negotiating 
the  terms  of  investments,  managing  and  monitoring  investments  and  achieving  dispositions  for 
such investments. From time to time, where such investments consist of portfolio companies, the 
senior  principals  or  other  personnel  of  the  Advisers  or  their  affiliates  generally  serve  on  such 
portfolio  companies’  respective  boards  of  directors  or  otherwise  act  to  influence  control  over 
management of portfolio companies in which the Funds have invested. 
The Advisers’ advisory services to the Funds
                                        
                                        
                                             are detailed in the relevant private placement 
memoranda  or  other  offering  documents  (each,  a  “Memorandum”),  investment  management 
agreements, limited partnership or other operating agreements (each, a “Partnership Agreement” 
and,  together  with  any  relevant  Memorandum,  the  “Governing  Documents”)  and  are  further 
described below under “Methods of Analysis, Investment Strategies and Risk of Loss.”  Investors 
in the Funds participate in the overall investment program for the applicable Fund, but in certain 
circumstances are excused from a particular investment due to legal, regulatory or other agreed-
upon  circumstances  pursuant  to  the  Governing  Documents;  for  the  avoidance  of  doubt,  such 
arrangements  generally  do  not  and  will  not  create  an  adviser-client  relationship  between  the 
Advisers and any investor.  The Funds or the General Partners generally enter into side letters or 
other similar agreements (“Side Letters”) with certain investors that have the effect of establishing 
rights under, or altering or supplementing the terms (including economic or other terms) of, the 
Governing Documents with respect to such investors. 
Additionally,  from  time  to  time  and  as  permitted  by  the  Governing  Documents,  the 
Advisers  expect  to  provide  (or  agree  to  provide)  investment  or  co-investment  opportunities 
(including  the  opportunity  to  participate  in  co-invest  vehicles)  to  certain  current  or  prospective 
investors or other persons, including other sponsors, market participants, finders, consultants and 
other service providers, O2 personnel and/or certain other persons associated with O2 and/or its 
affiliates  alongside  a  particular  Fund’s  transactions.  Such  co-investments  typically  involve 
investment and disposal of interests in the applicable portfolio company at the same time and on 
the same terms as the Fund making the investment. However, from time to time, for strategic and 
other  reasons,  a  co-investor  or  co-invest  vehicle  (including  a  co-investing  Fund)  purchases  a 
portion  of  an  investment  from  one  or  more  Funds  after  such  Funds  have  consummated  their 
investment in the portfolio company (also known as a post-closing sell-down or transfer), which 
generally will have been funded through Fund investor capital contributions and/or use of a Fund 
credit  facility.  Any  such  purchase  from  a  Fund  by  a  co-investor  or  co-invest  vehicle  generally 
occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of 
the investment. Where appropriate, and in an Adviser’s sole discretion, such Adviser reserves the 
right  to  charge  interest  on  the  purchase  to  the  co-investor  or  co-invest  vehicle  (or  otherwise 
equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the 
relevant  Fund  for  related  costs.  However,  to  the  extent  such  amounts  are  not  so  charged  or 
reimbursed, they generally will be borne by the relevant Fund. 
As of December 31, 2022, O2 managed $1,1
46,266,281 in client assets on a discretionary 
basis.  The Management Company is  principally  owned and  controlled by Todd Fink and Luke 
Plumpton.