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Adviser Profile

As of Date 03/21/2024
Adviser Type - Large advisory firm
Number of Employees 8 14.29%
of those in investment advisory functions 7
Registration SEC, Approved, 6/10/2020
Other registrations (3)
Former registrations

NORTH HUDSON RESOURCE PARTNERS LP

AUM* 890,614,037 -1.70%
of that, discretionary 890,614,037 -1.70%
Private Fund GAV* 890,614,037 12.70%
Avg Account Size 127,230,577 12.34%
SMA’s No
Private Funds 7 1
Contact Info (71 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
906M 777M 647M 518M 388M 259M 129M
2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count7 GAV$890,614,037

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Brochure Summary

Overview

The Adviser is a Delaware limited partnership, based in Houston, TX, together (where the context permits) with its affiliated general partners of the Funds (as defined below) and other affiliates that provide advisory services to and/or receive advisory fees from the Funds. Such affiliates are currently and would typically be under common control with North Hudson Resource Partners LP and possess a substantial identity of personnel and/or equity owners with North Hudson Resource Partners LP. These affiliates have been and may in the future be formed for tax, regulatory or other purposes in connection with the organization of the Funds (as defined below). One or more of these affiliates currently serve as the general partner of the Fund. The Adviser provides investment supervisory services to pooled investment vehicles (the “Fund”, or collectively the “Funds” or “Clients” or “Partnerships”) that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The Adviser focuses on opportunistic private equity investments in the North American upstream and midstream sectors through its non-operated and operated platforms. The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Funds, managing and monitoring the performance of such investments and disposing of such investments. The Adviser serves as the investment adviser to the Funds in order to provide such services. The Adviser provides investment advisory services to each Fund in accordance with the limited partnership agreement (or analogous governing document) of such Fund or separate investment and advisory, investment management or portfolio management agreements (each, an “Advisory Agreement”). Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general partner, and not individually to the investors in the Funds. Services are provided to the Funds in accordance with the Advisory Agreements with the Funds and/or governing documents of the applicable Funds. Investment restrictions for the Funds, if any, are generally established in the governing documents of the applicable
Funds, Advisory Agreements and/or side letter agreements negotiated with investors in the applicable Funds (the governing documents, Advisory Agreements and side letters referred to herein as a Fund’s “Governing Documents”). While each of its Clients generally follows the strategy stated above, the Adviser may tailor the specific advisory services with respect to each Client based on the individual investment strategy of each Client. Additionally, from time to time and as permitted by the relevant Governing Documents, the Adviser in its sole discretion is permitted (but is not obligated to) offer co- investment opportunities (including the opportunity to participate in co-invest vehicles) to certain investors or other persons, including other sponsors, market participants, finders, consultants, and other service providers, the Adviser’s personnel and/or certain other persons associated with the Adviser and/or its affiliates. Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, from time to time, for strategic and other reasons, a co-investor or co-invest vehicle could purchase a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer). Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment. Where appropriate, and in the Adviser’s sole discretion, the Adviser is authorized to charge interest on the purchase to the co-investor or co-invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Fund for related costs. However, to the extent such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund. The Adviser does not participate in wrap fee programs. North Hudson Resource Partners LP was formed in 2018 and is owned by North Hudson Resource Partners UGP LLC, which is in turn majority owned by Mark Bisso. The Adviser manages approximately $ 890,614,037 of client assets as of December 31, 2023, all of which is managed on a discretionary basis.