A. General Description of Advisory Firm: Stella Point Capital, LP (the
“Adviser”) is a Delaware limited liability company that provides investment
advice to various private investment funds. The Adviser commenced
operations in August, 2014. The founding partners and principal owners of
the Adviser are Adam Godfrey and Justin Wender (the “Managing Members”).
The general partner of the Adviser is Stella Point Capital, LLC, a Delaware
limited liability company (the “Adviser General Partner”). The Managing
Members are the managing partners of the Adviser General Partner.
B. Description of Advisory Services: The Adviser is a private equity firm that
provides discretionary investment advisory services to pooled investment
vehicles in accordance with the investment objectives, strategies and
guidelines set forth in the offering documents, partnership and/or limited
liability company agreements, term sheets, and subscription documents for
each respective pooled investment vehicle, as applicable (collectively, the
“Governing Fund Documents”). Defined terms utilized herein that are not
otherwise defined shall have the meanings ascribed to them in the Governing
Fund Documents.
The Adviser’s primary investment activity is making U.S. middle market
investments on behalf of Clients (as defined below) in industrial, consumer
and business services companies (herein referred to individually as a
“Portfolio Company” or collectively as “Portfolio Companies”). The Adviser’s
investment advice is limited to these types of investments.
As of the date hereof, the Adviser provides investment advisory services to the
following private fund clients (the “Funds”):
• SPC Autoagent, LP – a Delaware limited partnership (“SPC Autoagent”).
SPC Autoagent GP, LLC is the general partner of SPC Autoagent.
• SPC FAPS Holdings, LP – a Delaware limited partnership (“SPC FAPS”).
Stella Point Capital, LLC is the general partner of SPC FAPS. SPC FAPS is
currently being wound down.
• SPC TotalMed LP – a Delaware limited partnership (the “TotalMed
Master Fund”). The Master Fund has one feeder fund, SPC TotalMed
Investor, LLC, a Delaware limited liability company (the “TotalMed
Blocker Fund”). Unless otherwise
indicated herein, the TotalMed
Master Fund and the TotalMed Blocker Fund are herein referred to as
“SPC TotalMed”. SPC TotalMed GP, LLC is the general partner of SPC
TotalMed.
• SPC Velir, LP – a Delaware limited partnership (“SPC Velir”). SPC Velir
GP, LLC is the general partner of SPC Velir.
• SPC Vereco, LP – a Delaware limited partnership (the “Vereco Master
Fund”). The Master Fund has one feeder fund, SPC Vereco Investor,
LLC, a Delaware limited liability company (the “Vereco Blocker Fund”).
Unless otherwise indicated herein, the Vereco Master Fund and the
Vereco Blocker Fund are herein referred to as “SPC Vereco”. SPC
Vereco GP, LLC is the general partner of SPC Vereco.
The Funds invest in accordance with their Governing Fund Documents. At the
current time, each Fund has made an investment in only one Portfolio
Company, with additional add-on investments in the one Portfolio Company
having been made, or to be made in the future, in the discretion of the Adviser.
No other Portfolio Company investments are contemplated for any of the
Funds, as per the Governing Fund Documents.
As specified above, each Fund has a general partner (each, a “Fund GP” and
collectively the “Fund GP’s”). The Managing Members of the Adviser are also
the managing members of the Fund GP’s.
Investors in the Funds are herein referred to as “Investors”, and the Funds and
any future investment vehicles may be referred to herein as “Clients” of the
Adviser.
C. Availability of Tailored Services for Individual Clients: As noted above,
each Fund makes an investment in only one Portfolio Company. As such, the
Adviser does not tailor its advisory services to the individual needs of
Investors. The Portfolio Company asset held in each Fund is managed by the
Adviser on a discretionary basis, as set forth in the applicable Governing Fund
Documents.
D. Wrap Fee Programs: The Adviser does not participate in wrap fee programs.
E. Client Assets Under Management: The total amount of regulatory assets
under management (RAUM) that the Adviser manages on a discretionary basis
is approximately $310,607,354 as of December 31, 2023. The Adviser
manages no assets on a non-discretionary basis.