Generation Partners Management, LLC (“Generation”) is an SEC-registered investment
adviser with its principal place of business in Greenwich, Connecticut. We also have
offices in Austin, Texas and Beverly Hills, California. We have been in business since
1995. The firm’s registration with the SEC does not imply any particular level of skill or
training by our firm or employees or that the SEC has endorsed our respective
qualifications to provide investment advisory services. Mark Jennings and John Hawkins
are the firm’s current majority equity owners and Managing Members.
Generation provides investment management services to private equity funds, real estate
funds, and certain parallel co-investors (hereinafter collectively, "the Funds"). Unlike
other types of private funds, such as hedge funds, private equity funds and real estate
funds receive unfunded capital commitments from investors during one or more initial
fundraising stages, after which the funds are generally closed to new investors. The fund
manager will then call on investors to make capital infusions (each a “drawdown”), based
on their commitments, to support the Fund’s investments once those investments have
been identified and fully vetted through an extensive due diligence and negotiation
process. Investments made for the Funds are generally, but not exclusively, in private,
illiquid securities.
Generation manages Private Equity Fund investments in the Business & Information
Services, Media and Communications, Healthcare and Software industries, which it
refers to as its “Generation Private Equity” (hereinafter “Private Equity”) fund families.
For each Fund, Generation generally performs in-depth due diligence regarding
investments, structures and prices of prospective portfolio companies, add-on
acquisitions to portfolio companies, works closely with portfolio companies to provide
strategic, operating, marketing and financial advice and identifies exit options prior to an
initial investment. Generation also manages a strategy of funds invested primarily in
real-estate related interests, “Generation Partners Real Estate” (hereinafter “Real
Estate”) family of funds and contemplated funds.
In its Private Equity family of funds, Generation leverages its industry knowledge and
contacts to identify investment opportunities for the Funds. Generation may also identify
additional opportunities for similar or different types or levels of equity investments for
one Fund in portfolio companies held by other Generation Funds or those companies’
affiliates. The investment objective of the Funds is to seek long-term capital
appreciation over the course of each Fund’s term, generally ten years from the final
closing,
subject to extension at the discretion of the General Partner and/or the Advisory
Board.
We seek to invest the Private Equity Funds’ assets primarily in the equity securities of
private companies. Investment positions range from majority control to minority
positions in which one or more of the Funds invests alone, or with other co-investors.
Generation sources investment opportunities directly and from third parties, including
traditional investment banks and brokers.
In our Real Estate Funds, investors pool capital to invest in either: i) a pre-identified real
estate opportunity; ii) a blind pool to be invested at the discretion of the general partner
in one or more future real estate opportunities, either of which are or may be themselves
private funds. Real Estate investments (whether a single pre-identified investment
opportunity or a blind pool of investments) are done through the Real Estate Fund via a
series structure. We may continue to add real estate investments to the existing Real
Estate Funds via additional series’ or we may create new Funds. The investment
objective of the Funds is to seek long-term capital appreciation over the course of each
Funds’ series term, generally twenty-two years for each investment from the closing. We
seek to invest the Real Estate Funds’ assets primarily in the equity securities of private
companies. Investment positions are typically (but not exclusively) minority positions in
which the Fund invests along with other non-related investors. To date, Generation has
sourced Real Estate investment opportunities directly.
The Funds are not required to register under the Securities Act of 1933 or the Investment
Company Act of 1940 in reliance upon certain exemptions available to issuers whose
securities are not publicly offered. We manage the Funds on a discretionary basis
pursuant to a power of attorney or otherwise as described in the terms and conditions of
each Fund's offering and organizational documents.
ASSETS: As of December 31, 2023, Generation had approximately $ 404,997,044 in
discretionary assets under management. Generation does not manage any assets on a non-
discretionary basis.
IMPORTANT ADDITIONAL CONSIDERATIONS: The information provided herein
merely summarizes the detailed information provided in each Fund’s offering and
organizational documents. Certain of the Funds are closed and are not admitting new
investors. Current Fund investors and prospective investors in any new Fund launched
by Generation should be aware of the substantial risks associated with investment as well
as the terms applicable to such investment. This and other detailed information is
provided in the appropriate Fund offering and organizational documents.