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Adviser Profile

As of Date 08/01/2024
Adviser Type - Large advisory firm
Number of Employees 12 -14.29%
of those in investment advisory functions 6 -14.29%
Registration SEC, 120-Day Approval, 03/27/2023
Other registrations (3)
Former registrations

CONSELLO MANAGEMENT LP

CONSELLO MANAGEMENT LP

AUM* 235,893,979 100.00%
of that, discretionary 235,893,979
Private Fund GAV* 235,893,979 100.00%
Avg Account Size 78,631,326
SMA’s No
Private Funds 3 2
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1 1 1 1
2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count3 GAV$235,893,979

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Brochure Summary

Overview

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.