Founded in 1986, Abbott is an independently owned and managed investment firm focused exclusively
on the investment, management, and administration of private equity assets. Abbott focuses exclusively
on private equity by making investments for both commingled funds sponsored by Abbott (the “Abbott
Funds”) and separate account clients ("SMA Clients") in professionally managed venture capital, growth
equity, buyout, and special situations funds and other private equity investments. Abbott is based in New
York with a subsidiary, Abbott Capital (Europe), Ltd (“Abbott Europe”), based in London.
Abbott strives to construct high-conviction portfolios for our clients by making investments in private
equity funds (“Underlying Portfolio Funds”) and other private equity investments and building portfolios
where investments are highly complementary to each other and tailored to the diversification needs and
objectives of our clients. Abbott will typically seek to commit to managers (“Fund Managers”) focused
on different regions, sectors, industries and vintage years. From inception through December 31, 2023,
Abbott has committed over $26 billion to more than 750 private equity investments on behalf of our
clients.
Abbott provides investment management services to institutional and high net worth clients through the
“Abbott Funds” as well as through separately managed accounts (which can include third party sponsored
commingled funds or single investor funds). Abbott invests across various sectors of the private equity
universe focusing on investments via primary commitments to Underlying Portfolio Funds and purchases
of new or existing private equity investments as part of a secondary or co-investment transaction. As of
September 30, 2023, Abbott managed regulatory assets under management of approximately $13.7
billion on a discretionary basis and $475.1 million on a non-discretionary basis.
In addition to the provision of full investment advisory and management services, at times Abbott may
be engaged by a client (“Administrative Client”) to provide non‐continuous, non‐discretionary services
incorporating only a subset of Abbott’s service capabilities or limited services in connection with an
individualized mandate or need.
The Abbott Funds
Abbott Funds are Abbott sponsored commingled funds typically organized as U.S. limited partnerships.
Abbott serves as investment manager to these funds; an Abbott affiliate is the General Partner.
Each Abbott Fund invests in a variety of Underlying Portfolio Funds and other private equity investments.
Abbott tailors its advisory services for each Abbott Fund according to the specific investment
focus,
guidelines and restrictions stated in the relevant Abbott Fund’s Governing Documents.
Abbott Annual Program Funds
The Abbott Annual Program Funds (the “AP Funds”) are Abbott’s core, diversified commingled
funds, and organized annually. The AP Funds seek to build private equity portfolios with a high
degree of diversification by strategy, industry, geography, as well as by vintage year, and style.
The AP Funds offer each investor (the “Abbott Fund Investors”) the flexibility to select either a
predetermined allocation (determined by Abbott) or a customized allocation to certain private
equity and venture capital strategies (ranging from 0-100%), enabling investors to create
portfolios tailored to specific investment objectives. In addition, regardless of an investor’s
individual strategy allocation, the AP Funds seek to commit a portion of their capital to
opportunistic investments, which may include secondary market transactions, co-investments
and other tactical investments.
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Abbott Secondary Opportunities
Abbott made its first secondary purchase in 1987 and has made many secondary purchases over
its 35‐year history. In 2016, Abbott formed its first dedicated commingled secondaries fund,
Abbott Secondary Opportunities, L.P., then Abbott formed its second dedicated commingled
secondaries fund, Abbott Secondary Opportunities II, L.P., in 2019 and in 2023, Abbott formed its
third dedicated commingled secondaries fund, Abbott Secondary Opportunities III, L.P.
Abbott Co-Investment Opportunities
Abbott made its first co-investment in 1997 and has made many co-investment transactions over
its 35‐year history. In 2022, Abbott formed its first dedicated commingled co-investment fund,
Abbott Select Co-Investment Fund, L.P.
Each Abbott Fund’s strategy and focus is set forth in its Offering Documents.
Separately Managed Accounts
Abbott has managed separate accounts for clients since 1987.
Abbott has the ability to build fully customizable separately managed accounts, which can be structured
as a traditional separate account or as a fund-of one, depending on the client’s preferences. For
separately managed accounts, Abbott generally works with the client to design portfolio construction
guidelines including investment objectives, constraints, and preferences, as well as monitoring and
reporting obligations.
Abbott does not participate in wrap fee programs.
Refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for further discussion on
Abbott’s investment process.
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