Grafton is a Delaware limited liability company that was formed on December 3, 2021 and maintains its
principal place of business in North Palm Beach, Florida. Grafton provides investment advisory services
on a discretionary basis to private investment funds organized as pooled investment vehicles (the
“Funds”) and to co-investment vehicles established to provide co-investment with the Funds or other
special purpose vehicles with tailored investment objectives (collectively with the Funds, “Clients”). An
affiliate of Grafton acts as the general partner of certain of the Funds (the “General Partner”). Grafton and
the General Partner (collectively, the “Adviser”) are principally owned by Scott Malpass. Any references
to the “Firm”, “us,” “we,” and “our” in this Brochure refer to Grafton. Any defined terms used in this
Brochure not otherwise defined herein, have the definition ascribed to them in the offering documents of
the applicable Funds, as defined below.
Grafton generally has broad and flexible investment authority with respect to Clients and tailors its
advisory services to Client needs respective of the investment objectives set forth in the applicable
offering materials. The Funds’ objectives and strategies are set forth in the limited partnership agreements
(and any applicable supplements) provided to each investor in the respective Funds. The investment
objectives and strategies of any co-investment or special purpose vehicle managed by Grafton will be set
forth in the respective investment management agreement or other offering materials.
Grafton seeks to achieve superior long-term capital appreciation by investing in equity and equity-related
securities in the public and private markets, making investments in managers of public and private funds,
and acting as constructive partners with management,
boards, and investment managers.
Grafton does not tailor its advisory services to the individual needs of underlying investors in the Funds.
However, Grafton reserves the right to enter into side letters and other agreements and arrangements
with certain investors in the Funds that may provide terms and conditions that are more advantageous
than those set forth in the respective Fund’s offering materials. Such terms and conditions may include
special rights to make future investments in the Funds or other investment vehicles or accounts managed
by Grafton, different transparency rights, reporting rights, different withdrawal/redemption rights,
different fee terms, and/or terms to accommodate an investor’s particular legal, tax or regulatory
requirements.
Any co-investment or special purpose vehicle established by Grafton may (i) tailor its investment
objectives to specific financial instruments and/or (ii) be subject to different terms and fees than those of
other Clients. Such investment objectives, fee arrangements and terms will be individually negotiated
with the underlying investor(s).
Grafton does not participate in any wrap fee programs.
As of December 31, 2023, the Firm has approximately $529.3mm in assets under management. As of the
date hereof, Grafton does not advise any investor assets on a discretionary or nondiscretionary basis
outside of the Funds.
All discussions of the Funds in this brochure, including but not limited to their investments, the
strategies used in managing the Funds, the fees and other costs associated with an investment in the
Funds, and conflicts of interest faced by Grafton in connection with management of the Funds, are
qualified in their entirety by reference to the Funds’ offering materials and advisory agreement.
Grafton: Part 2A Page 5