Overview
                                    
                                    
                                        
                                            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