HILL PATH CAPITAL LP

other names
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Adviser Profile
As of Date 07/30/2024
Adviser Type - Large advisory firm
Number of Employees 21 10.53%
of those in investment advisory functions 16 14.29%
Registration SEC, Approved, 11/4/2015
AUM* 4,071,207,821 -0.40%
of that, discretionary 4,071,207,821 -0.14%
Private Fund GAV* 4,071,207,821 -0.14%
Avg Account Size 177,009,036 8.26%
SMA’s No
Private Funds 18
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
4B 3B 3B 2B 2B 1B 582M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count8 GAV$2,930,112,138
Fund TypePrivate Equity Fund Count10 GAV$1,141,095,683

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker81282V100 Stock NameUNITED PARKS & RESORTS INC $ Position$1,477,520,169 % Position72.00% $ Change-3.00% # Change0.00%
Stck Ticker238337109 Stock NameDAVE & BUSTERS ENTMT INC $ Position$283,417,542 % Position14.00% $ Change-36.00% # Change0.00%
Stck Ticker43283X105 Stock NameHILTON GRAND VACATIONS INC $ Position$263,195,783 % Position13.00% $ Change-14.00% # Change0.00%
Stck Ticker381013101 Stock NameGOLDEN ENTMT INC $ Position$33,268,287 % Position2.00% $ Change-16.00% # Change0.00%
Stck TickerN70544106 Stock NamePLAYA HOTELS & RESORTS NV $ Position$4,656,450 % Position0.00% $ Change-63.00% # Change-58.00%

Brochure Summary

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.