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Adviser Profile

As of Date 03/26/2024
Adviser Type - Large advisory firm
Number of Employees 7 -22.22%
of those in investment advisory functions 7 16.67%
Registration SEC, Approved, 11/18/2015
AUM* 555,446,731 -13.92%
of that, discretionary 555,446,731 -13.92%
Private Fund GAV* 656,481,731 -9.03%
Avg Account Size 79,349,533 -13.92%
SMA’s No
Private Funds 7
Contact Info 617 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
875M 750M 625M 500M 375M 250M 125M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count7 GAV$656,481,731

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Brochure Summary

Overview

CEP became registered as an investment adviser with the Securities and Exchange Commission under the Investment Advisers Act of 1940 on November 16, 2015. CEP is the successor in interest to the private equity fund management business of CCM. CEP’s principal owner is Davis R. Fulkerson. For purposes of this brochure, the “Adviser” means CEP, together with its affiliates that provide advisory services to and/or receive advisory fees from clients. Such affiliates may or may not be under common control with CEP, but possess a substantial identity of personnel and/or equity owners with CEP. These affiliates may be formed for tax, regulatory or other purposes in connection with the organization of the Funds (as defined below) or may serve as general partners of the Funds. The Adviser provides discretionary asset management services to Century Capital Partners IV, L.P., Century Focused Fund III, L.P., Century Focused Fund IV, L.P., Century Focused Fund IV, BSP Holdings, LLC, Century HHC Co- Invest, LP, Century DOXA Co-Invest LP, and Century RCG Co-Invest, L.P. (the “Main Funds”). The Adviser may, in the future, advise additional funds. The Adviser also may also, from time to time, establish, on a transaction-by- transaction basis, certain investment vehicles through which certain persons may invest alongside one or more Main Funds in a particular investment opportunity (each such vehicle, a “Co-Investment Vehicle”). Co-Investment Vehicles typically are limited to investing in securities relating to the transaction with respect to which they were organized. CEP formed, and the Adviser may in the future form, alternative investment vehicles
(each, an “Alternative Investment Vehicle”) organized to address, for example, specific tax, legal, business, accounting or regulatory-related matters that may arise in connection with a transaction or transactions. The Main Funds, Co-Investment Vehicles and Alternative Investment Vehicles are collectively referred to as the “Funds.” As of December 31, 2023, the Adviser had discretionary assets under management of approximately $555.4 million. The Funds make primarily long-term private equity and equity-related investments, and may, to a lesser extent, invest in debt instruments. In accordance with the Funds’ respective investment objectives, investments are generally made in lower middle market financial services companies and related distribution and service businesses. The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Funds, managing and monitoring the performance of such investments, and disposing of such investments. The Adviser provides investment supervisory services to each Fund in accordance with a limited partnership agreement or separate investment and advisory, investment management or portfolio management agreements (each, a “Management Agreement”). The Adviser provides investment advice directly to the Funds, subject to the discretion and control of the applicable general partner, and not individually to the investors in the Funds. Investment restrictions for the Funds, if any, are generally established in the organizational or offering documents of the applicable Fund.