Overview
A. Description of the Advisory Firm
GGP Management, L.P. (“Griffin Gaming” or the “Firm”) is a Delaware Limited Partnership
formed on May 29, 2020. Griffin Gaming is headquartered in Santa Monica, California. Griffin
Gaming Partners Management Company, LLC is a Delaware Limited Liability Company that
was formed on September 6, 2019, and serves as general partner to the Firm (the “Firm GP”).
The principal owners of the Firm and the Firm GP are Phil Sanderson and Peter Levin.
B. Types of Advisory Services
Griffin Gaming and its relying advisers, GGP GP, LLC and GGP GP II, LLC (the “Relying
Advisers”) serve as investment advisers to certain private investment funds, which are
organized as Delaware limited partnerships or limited liability companies (each a “Fund” and
collectively the “Funds”). The Firm has also formed Cayman Islands-domiciled entities to
facilitate investment in certain Funds by select investors for tax purposes. Griffin Gaming (or
an affiliate of Griffin Gaming) may also decide in the future to sponsor or manage additional
private investment funds or other clients.
The Funds offer limited partnership or membership interests, as applicable (“Interests”) to
certain qualified investors as described in response to Item 7, below (such investors are
referred to herein as “Investors”).
From time to time, Griffin Gaming may form and manage, and has formed and currently
manages, on generally a transaction-by-transaction basis, special purpose vehicles (“SPVs”)
to participate in investment opportunities alongside the Funds or other opportunities that
are identified by Griffin Gaming. Unlike the Funds, which generally
do not limit investment
discretion, such SPVs will be and are generally limited to investing only in the securities
relating to the particular transaction for which the SPV was created. Collectively, the SPVs
and the Funds are referred to herein as “Clients.” As of the date of this Brochure, Griffin
Gaming has formed multiple SPVs.
Griffin Gaming invests across the broad video gaming ecosystem. Griffin Gaming targets
venture capital investments in public and private companies, with particular focus on the
interactive software industry, and investments in cryptocurrencies, decentralized
application tokens and protocol tokens, blockchain-based assets and other cryptofinance and
digital assets (“Digital Assets”), whether issued in a private or public transaction.
The Firm’s strategy is described in its marketing materials, the Funds’ or applicable SPV’s
limited partnership or limited liability company operating agreement, and the Funds’ private
placement memoranda (if applicable) and/or subscription documents (collectively, the
“Governing Documents”).
C. Client Tailored Services and Client Imposed Restrictions
Advisory services are tailored to achieve each Client’s investment objectives. Griffin Gaming
has the authority to select which and how many portfolio companies to invest in and to
determine exit strategies subject to the applicable Governing Documents.
D. Wrap Fee Programs
Griffin Gaming does not participate in wrap fee programs.
E. Amounts Under Management
As of December 31, 2023, Griffin Gaming has approximately $1,208,175,473 in regulatory
assets, including unfunded commitments, under management.