Abdiel Capital Advisors, LP (“Adviser” or “Abdiel”), a Delaware limited partnership, began
operations in March of 2006 and is owned by Colin T. Moran and Geoffrey M. Gentile (together,
the “Principals”). Immediately prior to founding the Adviser, Colin T. Moran worked as a partner
at Chieftain Capital Management. Geoffrey M. Gentile was an associate director at Barclays
Capital before leaving to start Abdiel in 2006.
For purposes of this Brochure, “Adviser” or “Abdiel” also includes (where the context permits) its
affiliated GPs (as defined below) and other affiliates that provide advisory services to and/or
receive advisory fees from the Funds (as defined below). Such affiliates may or may not be under
common control with Abdiel Capital Advisors, LP, but possess a substantial identity of personnel
and/or equity owners with Abdiel Capital Advisors, LP. These affiliates may be formed for tax,
regulatory or other purposes in connection with the organization of the Funds, or may serve as
general partners of the Funds.
The Adviser’s clients are private funds, commonly referred to as hedge funds. The Adviser’s
clients consist of two feeder funds, a master fund, and a parallel fund, all of which share the same
strategy. Abdiel Qualified Onshore Partners, LP (the “Onshore Feeder”) and Abdiel Qualified
Offshore Partners, Ltd (the “Offshore Feeder”) (each a “Feeder Fund” and collectively the “Feeder
Funds”) invest substantially all their capital in Abdiel Qualified Master Fund, LP (the “Master
Fund”). Abdiel Capital, LP (the “Parallel Fund”) is a partnership managed by the Adviser that
invests in a parallel fashion to the Master Fund. These funds are individually referred to as “a
Fund” and collectively referred to as “the Funds.” The Funds are 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 Adviser’s single strategy is generally implemented pro rata for the Master Fund and the
Parallel Fund. The pro rata implementation of the single strategy across the Funds helps to mitigate
conflicts of interest arising from the allocation of investments. To this end, and with certain
exceptions, the Adviser aggregates trades and allocates pari passu on an average price basis,
causing the Master Fund and Parallel
Fund to approach a pro rata allocation. Exceptions generally
relate to the method of hedging currency exposure, given, among other reasons, the
interchangeability of certain currency hedging techniques.
Regarding the single strategy mentioned above, the Adviser seeks over a three- to five-year time
horizon to deliver attractive absolute returns and to outperform the U.S. equity markets while
minimizing the likelihood of permanent impairment of the Funds’ capital. The Adviser generally
seeks to do so by investing capital for the long term in a concentrated portfolio of high-quality
businesses. The Funds’ ten largest investments frequently comprise more than 75% of invested
capital. The Funds may make investments other than in equity securities and other than in good
businesses held for the long term. The Funds’ propensity to do so will depend on the attractiveness
of specific opportunities in other asset classes. The Adviser does not restrict itself to particular
geographies, industries, or asset classes. The above discussion is of a general nature and is not
intended to be an exhaustive description of the strategy used by the Adviser. The Funds may
engage in any investment strategies that the Adviser considers appropriate.
The Adviser provides investment supervisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of such Fund or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”).
Investment advice is provided directly to the Funds, subject to the discretion and control of the
applicable general partner, and not individually to the investors in the Funds. Services are provided
to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational
documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally
established in the organizational or offering documents of the applicable Fund, Advisory
Agreements and/or side letter agreements negotiated with investors in the applicable Fund (such
documents, collectively, a Fund’s “Organizational Documents”).
As of December 31, 2023, the Adviser managed regulatory assets totaling $ 3,310,633,321 on a
discretionary basis. As of December 31, 2023, the Adviser does not manage any assets on a non-
discretionary basis.