FIRM DESCRIPTION AND OVERVIEW
Braemont Capital Management LLC, a Texas limited liability company and private equity fund manager (“Braemont,”
“we,” “our,” or “us”), was formed in May 2021. We provide investment management, portfolio management, advisory
and other services to affiliated private equity funds and related vehicles (including co-investment vehicles) with
respect to primarily equity or equity-related investments in private portfolio companies. Our investment advice and
management services are provided with respect to each client in accordance with the investment objectives, strategies,
guidelines, restrictions and limitations described in the applicable offering and/or governing documents of such client,
and as further disclosed to investors in such client, and the information in this brochure is qualified in its entirety by
the information set forth in such documents.
PRINCIPAL OWNERS
We are ultimately owned and controlled (directly or indirectly) by Robert Covington.
TYPES OF ADVISORY SERVICES
We provide investment management, portfolio management, advisory and other services to private equity funds (the
“funds”) and related vehicles (including co-investment vehicles) (the “co-investment vehicles”), which invest
primarily in privately negotiated equity and equity-related investments in private portfolio companies. The funds and
the co-investment vehicles may be collectively referred to herein as the “clients”, and each, a “client”. Our clients
invest primarily in privately negotiated equity and equity-related investments in private portfolio companies. We
currently do not expect to provide advice with respect to any investments other than private equity investments, but
may consider other investment strategies in the future. Information about each client and its investment program are
or will be set forth in the applicable offering and/or governing documents. Investment in a client does not and shall
not create an advisory relationship between an investor in such client and us. See Item 8 below.
We are responsible for investing and re-investing the assets of each client (and for the selection of private equity
investments) in accordance with the investment objectives, policies, limitations and
guidelines set forth in its
applicable offering and governing documents.
INVESTMENT RESTRICTIONS
We provide investment advice to each client in accordance with the investment objectives, policies and guidelines set
forth in the applicable offering and/or governing documents, and not in accordance with the individual needs or
objectives of any particular investor in that client. Investors are not permitted to impose restrictions or limitations on
the management of our clients.
We, our clients and our affiliates have entered into, and may from time to time in the future enter into, side letter
agreements or other similar agreements or arrangements (commonly referred to as “side letters”) with certain investors
in a client that have the effect of establishing rights or terms and/or otherwise benefitting such investors in a manner
that is more favorable in various material respects than the rights and benefits established in favor of other investors
pursuant to the applicable governing documents. Such rights or benefits in any side letter or similar agreement include
or may include, without limitation, (i) most favored nations status, (ii) fees and/or carried interest reductions or
waivers, (iii) reporting obligations of the applicable general partner, manager or us and/or preferential information
rights, including access to information and documents relating to a client and its investments, (iv) waiver of certain
confidentiality obligations, (v) consent of the general partner to certain transfers by such investor, (vi) board seats
and/or board observer rights, or (vii) rights or terms necessary or advisable in light of particular legal, regulatory or
public policy considerations of an investor. Certain investors have the benefit of “most favored nation” protection and
will be given the opportunity to elect the rights and terms in any side letter or other similar agreement that are
applicable to such investors. See Item 10 for information regarding the rights and benefits granted to a strategic
investor with respect to certain of our clients.
ASSETS UNDER MANAGEMENT
As of December 31, 2023, we had approximately $559 million in regulatory assets under management, all of which
are managed on a discretionary basis.