K1 Investment Management, LLC (the “Manager”) provides investment advice to pooled investment vehicles that are
privately offered to qualified investors in the United States and elsewhere. The Manager commenced operations in
November 2010 and is principally owned by R. Neil Malik. The Manager’s clients include the following (together with
any pooled investment vehicles advised by the Manager in the future, the “Funds,” individually a “Fund” or the
“Client”):
K1 Private Investors, L.P.
K1 Private Investors (A), L.P.
K1 Special Opportunities Fund, L.P.
K2 Private Investors, L.P.
K3 Private Investors, L.P.
K4 Private Investors, L.P.
K5 Private Investors, L.P.
K6 Private Investors, L.P.
Karakoram Fund I, L.P.
Karakoram Fund C, L.P.
Karakoram Fund C II, L.P.
E‐Discovery Coinvest Aggregator, L.P.
Employ SPV, LLC
Gasherbrum Fund I, L.P.
Gasherbrum Fund II, L.P.
Broad Peak Aggregator, L.P.
The following entities (each a “General Partner” and collectively, together with any future affiliated general partner
entities, the Manager and its affiliates, “K1” or the “Management Company”) are affiliated with the Manager:
K1 Capital Advisors, LLC
K1 Special Opportunities Fund GP, L.P.
K2 Capital Advisors, L.P.
K3 Capital Advisors, L.P.
K4 Capital Advisors, L.P.
K5 Capital Advisors, L.P.
K6 Capital Advisors, L.P.
Karakoram GP, L.P.
Karakoram Fund C II GP, LLC
Gasherbrum GP, LLC
Gasherbrum II GP, L.P.
Each General Partner is subject to the IAA pursuant to the Manager’s registration in accordance with SEC guidance.
This brochure also describes the business practices of the General Partners, which operate as a single advisory
business together with the Manager.
The Funds are exempt from registration under the Investment Company Act of 1940, as amended, and the rules and
regulations promulgated thereunder (the “IC Act”). The Funds generally invest through negotiated transactions
primarily in private operating companies which generally consist of private software and related technology
companies in the United States (“portfolio companies”). Investments are made predominantly in non‐public
companies, although investments in public companies are permitted in certain instances. Certain senior principals
or other personnel or appointees of K1 serve on the boards of directors (or other governing bodies) of such portfolio
companies held by the Funds or otherwise act to influence control over management of portfolio companies. In
addition to investment advice provided to its clients, K1’s services also include managing and monitoring portfolio
company investments.
K1’s advisory services for each Fund are detailed in the relevant offering memorandum (each, a “Memorandum”) and
limited partnership agreement or other governing documents (each, a “Limited Partnership Agreement” and
together with the Memorandum and any other governing documents, the “Governing Documents”) and are further
described below under Item 8 “Methods of Analysis, Investment Strategies
and Risk of Loss.” K1’s investment advisory
services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of
investments, and ultimately selling such investments.
Investors in the Funds (generally referred to herein as “investors” or “limited partners”) participate
in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular
investment due to legal, regulatory or other agreed‐upon circumstances pursuant to the Governing Documents; for
the avoidance of doubt, such arrangements generally do not and will not create an adviser‐client relationship between
the Manager and any investor. The Funds or K1 have entered into side letters or similar agreements (“Side Letters”)
with certain investors that have the effect of establishing rights (including economic or other terms) under, or altering
or supplementing a Fund’s Limited Partnership Agreement with respect to such investors.
Additionally, as permitted by the Governing Documents, K1 expects to provide (or agree to provide) investment
or co‐investment opportunities (including the opportunity to participate in co‐invest vehicles) to certain current or
prospective investors or other persons, including other sponsors, market participants, finders, consultants and other
service providers, portfolio company management or personnel, K1 personnel and/or certain other persons associated
with K1 and/or its affiliates. Such co‐investments typically involve investment and disposal of current or prospective
interests in the applicable portfolio company on the same terms as the Fund making the investment. However for
strategic and other reasons, a co‐investor or co‐invest vehicle (including K1 Special Opportunities Fund, L.P.) purchases
a portion of an investment from one or more Funds after such Funds have consummated their investment in the
portfolio company (also known as a post‐closing sell‐down or transfer), which generally will have been funded through
Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co‐investor
or co‐invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes
in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. To the extent the
Fund makes use of a credit facility to invest in a portfolio company or pay related expenses, it generally will not be
reimbursed separately by co‐investors for use of the facility. Where appropriate, and in K1’s sole discretion, K1 reserves
the right to charge interest on the purchase to the co‐investor or co‐invest vehicle (or otherwise equitably to adjust the
purchase price under certain conditions) and to seek reimbursement to the relevant Fund for related costs. However, to
the extent such amounts are not so charged or reimbursed (including charges or reimbursements required pursuant to
applicable law), they generally will be borne by the relevant Fund.
As of December 31, 2023, K1 managed approximately $14,991,437,927 in client assets on a discretionary basis.