Overview
CCFM is an investment adviser focused on managing private equity funds. CCFM is the
investment adviser to Council Capital III, L.P. (the “CCIII Fund”), Council Capital III (NQP),
L.P. (the “CCIII NQP Fund”), Council Capital IV, L.P. (the “CCIV Fund”), and Council Capital
IV (NQP), L.P. (the “CCIV NQP Fund”) (each a “Fund”, and collectively, the “Funds”) and the
co-investment vehicles, , ViaQuest Equity, LLC (“ViaQuest Equity”), and VQ-CC, LLC (“VQ-
CC”) (collectively the “co-invest vehicles”). CCFM affiliates serve as the general partner to the
Funds. Council Capital GP III, LLC(“CC GP III”) serves as the general partner to CCIII Fund and
CCIII NQP Fund (the “General Partner”). Council Capital GP IV, LLC (“CC GP IV”) serves as
the general partner to CCIV Fund and CCIV NQP Fund and as the manager to ViaQuest Equity
and VQ-CC.
CCFM provides investment supervisory services to the Funds, which are 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”).
The primary purpose of the Funds is to seek to generate returns for their respective partners,
principally through long term capital appreciation, by making, holding and disposing of primarily
privately negotiated control equity and equity-related and occasional minority investments in lower
middle market healthcare companies in the United States. ViaQuest
Equity and VQ-CC were each
formed separately for the purpose of facilitating a co-investment alongside the Funds in a single
portfolio company and its subsidiaries.
Although the General Partner has management authority over the business and affairs of the Funds,
including with respect to investment decisions, the Company has been delegated the role of
investment adviser and its advice with respect to the Funds is tailored according to the investment
objectives, guidelines, and requirements as set forth in each Fund’s respective offering memoranda
and governing agreement.
CCFM provides investment supervisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of such Fund or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”).
CCFM is a Tennessee limited liability company that was formed and began operating in 2014 and
is wholly owned by Grant Jackson, Managing General Partner. CCFM manages the Funds and has
support from certain unaffiliated current and former senior business executives, who advise CCFM
on investment sectors and themes and who at CCFM’s discretion serve as a resource at individual
portfolio companies held by the Funds (the “CEO Council Members”).
As of December 31, 2023, the Company advised approximately $407,492,758 of regulatory assets
under management on a discretionary basis for the Funds.