Palisades provides investment advisory services to venture capital and growth stage funds, including
Palisades Ventures, L.P., Palisades Qualified Investors, L.P., Palisades Non-Qualified Investors,
L.P. Palisades Growth Capital II, L.P. and Palisades Growth Capital III, LP (collectively, the
“Palisades Funds” or the “Funds”, and each individually a “Fund” or a “Palisades Fund”), that are
each exempt from registration under the Investment Company Act of 1940, as amended (the
“Investment Company Act”) and whose securities are not registered under the Securities Act of
1933, as amended (the “Securities Act”).
Palisades is the investment adviser to each of the Palisades Funds with its principal place of
business located in Los Angeles, CA. Palisades was formed as a Delaware limited liability
company in 2000.
As the investment adviser for each Palisades Fund, Palisades identifies investment opportunities
and participates in the acquisition, management, monitoring and disposition of investments for
each Palisades Fund. Palisades primarily provides investment advisory services related to venture
capital and growth stage investments in Technology, Media & Telecommunications, and business
services sectors (the “Target Sectors”). In addition to the Target Sectors, Palisades also provides
investment advisory services related to venture capital and growth stage investments in
Technology Enabled Sectors, including Healthcare Services, Consumer/Retail, Manufacturing
Services, Environmental Services and Financial Services. These venture capital and growth stage
investments generally take the form of privately-negotiated investment instruments.
Palisades provides investment advisory services to each Palisades
Fund pursuant to a separate
investment advisory agreement (each, an “Investment Advisory Agreement”). The terms of the
management services to be provided by Palisades to a Palisades Fund, including any specific
investment guidelines or restrictions, are set forth in each Fund’s Investment Advisory Agreement
and in each Fund’s partnership agreement. Palisades or its related entities also may enter into side
letter agreements with certain investors in the Palisades Funds, establishing rights under, or
supplementing or altering the terms of, the applicable limited partnership agreements relating to
such Palisades Funds with respect to such investors. While Palisades and its related entities have
no obligation to offer any such additional rights, terms or conditions to any other investor in such
Palisades Funds, Palisades and its related entities generally disclose the presence of such
arrangements to all limited partners of the relevant Palisades Funds. Once invested in a Palisades
Fund, investors cannot impose additional investment guidelines or restrictions on such Palisades
Fund.
Palisades reserves the rights to waive the minimum investment for certain investors within the
Palisades Fund.
In connection with the provision of its investment management services, Palisades entered into a
Fund Administration Services Agreement (“FASA”) with Centre Partners Management LLC
(“Centre”), an established third-party private equity firm to provide finance, bookkeeping,
compliance, information technology and other administrative services to Palisades and the
Palisades Funds.
As of December 31, 2023, Palisades managed a total of $147,473,922 of client assets, all of which
are managed on a discretionary basis.