Consello is organized as a Delaware limited partnership with a principal place of business in
New York that began operations in 2022. Consello is owned by Declan Kelly and Peter Morrow.
We serve as the investment adviser, with discretionary trading authority, to private, pooled
investment vehicles, the securities of which are offered through a private placement
memorandum to accredited investors, as defined under the Securities Act of 1933, as
amended (the “Securities Act”), and qualified purchasers, as defined under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). We do not tailor our
advisory services to the individual needs of any particular investor.
Consello (collectively with any future affiliated investment adviser to be formed by Consello,
the “Advisers,” and each, an “Adviser”) provides discretionary investment management
services to qualified investors through its private funds: Consello Investing I LP, Consello
Investing I-A LP and Consello Investing I-B LP, each a Delaware limited partnership (collectively
with any related parallel vehicles, feeder vehicles, and alternative investment vehicles,
“Consello Investing I”), and other investment vehicles that it may form in the future (each
referred to as a “Fund” or “Client,” and collectively referred to as the “Funds” or the
“Clients”). An affiliated entity formed by an Adviser serves as general partner to each Fund
(collectively with any future general partner to a Fund, the “General Partners,” and each, a
“General Partner”). The Advisers and the General Partners generally operate as a single
advisory business. Each of the Advisers is, or will be when formed, registered under the
Advisers Act pursuant to Consello’s registration as an investment adviser in accordance with
SEC guidance. The Funds’ “Limited Partners” are hereafter collectively referred to as the
“Investors” where appropriate.
Our investment decisions and advice with respect to each Fund are subject to such Fund’s
investment objectives and guidelines, as set forth in its operating agreement (and other
relevant governing documents such as a limited partnership agreement, as applicable) and
confidential private placement memorandum as in effect from time to time (collectively,
“Offering Documents”). Investors in a Fund participate in the overall investment program for
such Fund, but may be excused from a particular investment due to legal, regulatory or other
agreed-upon circumstances pursuant to the relevant Offering Documents. The Funds or the
General Partners may enter into side letters or other similar agreements with certain Investors
that have the effect of establishing rights (including economic or other terms) under, or
altering or supplementing the terms of, the relevant Offering Document(s) with respect to
such Investors.
The information provided above about the investment advisory services provided by our
Firm is qualified in its entirety by reference to the Offering Documents and the Funds’
subscription agreements.
As of December 31, 2023, Consello managed Regulatory Assets Under Management
(“RAUM”) of approximately US $235,893,979 on a discretionary basis.