Overview of Panorama
Panorama is an investment adviser registered with the U.S. Securities and Exchange
Commission. The company is a limited liability company formed under the laws of the State of
Delaware. The firm was formed in 2012.
Stephen George is an Investment Adviser Representative, Member, Manager, and
Managing Partner of Panorama. He owns a controlling interest in Panorama.
Panorama was formed in October 2012 and was registered as an investment adviser in
December 2012.
Panorama has fully disclosed all material conflicts of interest regarding Panorama, our
representatives or any of our employees that could reasonably be expected to impair the
rendering of unbiased and objective advice.
We do not participate in wrap fee programs.
Panorama has $216,378,100 of assets under management to report as of December 31,
2023. The entire portion is managed on a discretionary basis.
Description of Private Fund Investment Management Services
The following are descriptions of our private fund investment management services. A written
agreement, which details the exact terms of the service, must be signed by each client and
Panorama before we can provide the services described below.
Panorama serves as investment adviser to properly exempt-from-registration, pooled investment
vehicles and special purpose investment vehicles. We refer to such pooled and special purpose
investment vehicles, including the Panorama Point Partnership, LP, a Delaware Series limited
partnership (which has been renamed Panorama Growth Partners (Flex), LP), Panorama Growth
Partners II, LP, a Delaware limited partnership (together the “Delaware Partnerships”), and
Panorama Point Offshore (Feeder), Ltd., a Cayman Islands exempted company, and Panorama
Growth Partners II (Cayman), LP, a Cayman Islands limited partnership (together the “Cayman
Feeders”), as “Private Funds” throughout this Brochure. We focus on alternative investment
strategies which generally include investments other than publicly traded stocks, bonds and
municipal securities.
For purposes of this Form ADV Brochure, the term Private Fund has been defined by regulators
to mean “an issuer that would be an investment company as defined in section 3 of the Investment
Company Act of 1940 but for section 3(c)(1) or 3(c)(7) of that Act.” It is anticipated that the offer
and sale of interests in the Private Funds will also be exempt from registration under the Securities
Act of 1933 and similar state laws.
Either Panorama or another company affiliated with Panorama will serve as the sponsor, general
partner and/or managing member of the Private Funds. Thus, Panorama will not be independent
of the Private Funds. See also Item 10 – Other Financial Industry Activities and Affiliations, Item
PANORAMA POINT PARTNERS, LLC | Form ADV Part 2A Disclosure Brochure 5
11 – Participation in Client Transactions and Personal Trading and Item 16 – Custody of this
Disclosure Brochure for more information.
Investors in the Private Funds will be required to execute a subscription agreement in order to
subscribe for interests in the Private Fund and will receive a Confidential Private Placement
Memorandum, together with applicable Supplements (the “PPM”) or similar
documents/disclosures.
Overview and Types of Investments
Our services can best be described as managing Private Funds that are established to invest in
private equity alternative investment programs to achieve attractive long-term capital growth.
The types of investments
we recommended to Private Funds will depend on the investment
program of the Private Fund, or the applicable series within a Private Fund, which will be set forth
in the applicable PPM (or similar documents/disclosures). As of the date of this Brochure we
evaluate and advise on investments of the following types:
Private Equity
The Private Funds we manage will make investments directly in these investment programs
and/or indirectly through vehicles whereby we collaborate with other investors. We identify and
screen potential investments, conduct due diligence on investment opportunities, negotiate and
fund investments, manage and monitor the performance of our investments on an on-going basis
and eventually sell our investments.
As investment adviser, Panorama has the responsibility for managing the investment portfolios of
the Private Funds pursuant to the investment objectives and investment policies of each Private
Fund and has discretionary authority for establishing and implementing each Private Fund’s
investment objectives and policies. (See Item 15 – Investment Discretion for more information).
Panorama tailors its advisory services to the requirements of each of the Private Funds it
manages, as set forth in the PPM or the investment mandate in the relevant investment
management agreement.
Description of Investment Consulting Services
On occasion and on a limited basis, Panorama or specific employees of Panorama provide
investment consulting services to certain clients that are usually investors in one or more of our
Private Funds. Services are generally in the form of one-time projects and on-going projects, as
determined by Panorama and the client.
When providing consulting services, our role is typically focused on ways to help our clients
strategically with capital allocation and private equity investments. Topics (or areas of focus)
covered as part of our consulting services can include one or more of the following:
Investment Allocation
Private Equity Business Valuation and Consulting
Other Areas Agreed to by Panorama and the client
PANORAMA POINT PARTNERS, LLC | Form ADV Part 2A Disclosure Brochure 6
As part of our overall consulting services, we will provide advice on accounts not managed or
maintained by our firm. These are accounts in which Panorama is not listed as “Investment
Advisor” of record and therefore we do not have discretionary trading authority on the account.
There can be no assurance that a particular investment opportunity that comes to our attention
will be allocated in any particular manner. If we obtain material, non-public information about a
security or its issuer that we may not lawfully use or disclose, we have no obligation to disclose
the information to any client or use it for any client’s benefit.
Types of Investments
When providing Consulting Services, Panorama provides investment advice on the following
types of investments:
Mutual Funds
Exchange-listed Securities
Securities Traded Over-the-Counter
Foreign Issues
Corporate Debt Securities
Commercial Paper
Certificates of Deposit
Municipal Securities
US Government Securities
Options Contracts on Securities
Interests in Partnerships Investing in Privately-traded Alternatives
Although we generally provide advice only on the products previously listed, we reserve the right
to offer advice on any investment product that may be suitable for each client’s specific
circumstances, needs, goals and objectives.