Overview
4.A. Advisory Firm Description
BEP was formed in May 2006 and began conducting business as an investment adviser in 2012. BEP is a limited
liability company formed under the laws of the state of Delaware and its primary place of business is located in
Stamford, Connecticut. The principal owners and managing directors of BEP are Donald L. Hawks III,
Raymond F. Weldon, and Richard Dell’Aquila (the “Managing Partners”), who collectively own all of the
outstanding membership interests of BEP.
4.B. Types of Advisory Services
BEP provides complete management, administrative operations and investment advisory services to several
private pooled investment vehicles that primarily invest in private equity investment opportunities (each, a
“Private Fund” or “Client”, and collectively, “Private Funds” or “Clients”). Additionally, BEP provides other,
non-investment advisory services, such as consulting and investment monitoring services, to private pooled
investment
vehicles and other entities.
4.C. Client Investment Objectives/Restrictions
Investments in the Private Funds are managed in accordance with the needs of the businesses in which BEP
invests and the investment focus of such Private Funds, and are not tailored to the individualized needs of any
particular investor of the Private Funds (each, an “investor”). Therefore, investors should consider whether a
given Private Fund meets their investment objectives and risk tolerance prior to investing. Information about
the Private Funds can be found in the operating agreement for each Private Fund, which will be provided to
qualified current and prospective investors only through BEP or another authorized party.
4.D. Wrap Fee Programs
BEP does not participate in, nor is it a sponsor of, any wrap fee programs.
4.E. Assets Under Management as of 12/31/2022:
As of December 31, 2023, BEP managed $1,204,951,474 in assets on a discretionary basis.