Ownership
JHCP is a limited liability company formed in 2016 under the laws of the State of Oklahoma. JHCP is
a registered investment adviser with the U.S Securities and Exchange Commission (“SEC”). The
owners of the JHCP are John J. Hastings and Channing S. Smith.
General Description of Primary Advisory Services
JHCP offers investment advisory and management services to individual and institutional account
clients. The types of clients include, but are not limited to, individuals, families, institutions,
corporations, private funds, including special purpose vehicles and pension and profit-sharing plans
on a discretionary, non-discretionary, and consulting basis. JHCP provides independent asset
management services and develops investment strategies by selecting their own securities as well
as occasionally selecting external investment managers and products where appropriate. In addition
to investment management, JHCP also offers financial planning, asset allocation, investment selection
and monitoring, performance reporting and coordinating with tax and estate planning professionals.
JHCP, in conjunction with the client, takes into account specific tax implications of various investment
strategies as well as tax ramifications of selling certain securities that are under the Firm’s
advisement. These conversations are on a case-by-case basis with each client, and thus, client
portfolios may vary, and investment decisions may vary depending upon the client.
JHCP’s services are provided based on the specific needs of the individual client and are tailored to
each client. Clients are given the ability to impose restrictions on their accounts, including specific
investment selections and sectors. However, JHCP will not enter into an investment advisory
relationship with a client whose investment objectives may be considered incompatible with JHCP's
investment philosophy or strategies or where the prospective client seeks to impose unduly
restrictive investment guidelines.
JHCP’s affiliated entity, Jackson Hole Investment Partners, LLC (“JHIP”) provides discretionary
investment advisory services to pooled investment vehicles (the “Private Investment Funds”) in
accordance with the investment guidelines set forth in each Private Investment Fund’s offering
documents. JHIP is responsible for the investment decisions and performance of the Private
Investment Funds. JHIP does not tailor its investment advice to the needs of the investors of the
Private Investment Funds. Investors are required to meet certain suitability requirements, such as
being an “Accredited Investor,” a “Qualified Client” and/or a “Qualified Purchaser” as defined under
federal laws. Investors interested in a Private Investment Fund should refer to the Private
Investment Fund’s offering documents for important information regarding the Private Investment
Fund’s investment objectives, risks, fees and
additional disclosures for a complete understanding of
the terms and conditions for investing in the relevant Private Investment Fund. JHIP is registered
with the SEC under the Investment Advisers Act of 1940 (“the Advisers Act”), pursuant to JHCP’s
registration. This Brochure also describes the business practices of JHIP, which operates a single
advisory business together with JHCP.
JHIP GP, LLC, a Delaware limited liability company, is the General Partner of Jackson Hole
Opportunities Fund LP and Jackson Hole Opportunities Fund Ltd. JHIP Series GP LLC, a Delaware
limited liability company, is the General Partners of Jackson Hole Series LP - Series I. JHCP
Spicewood I Manager LLC, an Oklahoma limited liability company, is the Manager of JHCP
Spicewood I LLC. JHCP WP Global Co-Invest VI Manager LLC, an Oklahoma Limited Liability
Company, is the Manager of JHCP WP Global Co-Invest VI LLC. JHCP Falcon I Manager LLC, an
Oklahoma Limited Liability Company is the Manager of JHCP Falcon I LLC.
Investment Management Services
JHCP’s portfolio managers work with clients to agree upon investment objectives and to determine
an appropriate investment strategy for the client’s account. Relevant factors in this data-gathering
process include, but are not limited to, time horizons, market specific information, risk tolerance,
liquidity needs, and, in the case of individuals, tax issues. We manage portfolios designed to meet
those objectives.
JHCP offers portfolio management services that include giving continuous investment advice and/or
making investments for the client based on the individual needs, goals and objectives and risk
tolerance of the client. When granted full discretion over the account, JHCP will have the authority
to make investment and trading decisions in the account. If JHCP manages the client account on a
non-discretionary basis, JHCP will provide investment research, monitoring, performance reporting
and review of account processes, but the client must approve any transactions JHCP makes in their
account.
Investment Consulting and Financial Planning Services
JHCP also offers a broad range of consulting services to families and institutions, which include advice
on asset allocation, stock selection, review of existing investment portfolios, and/or an economic and
financial market analysis. JHCP tailors its consulting services to the individual needs of the
investment consulting client. In the investment consulting relationship, JHCP provides the
recommendations to the clients, but the client determines how and whether the recommendations
will be followed and directs the transactions in their account outside of their relationship with JHCP.
Wrap Fee Programs
JHCP does not sponsor, or participate in, wrap fee programs.
Assets Under Management
The total amount of client assets managed by JHCP was $862,109,541 as of December 31, 2023.