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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 164 8.61%
of those in investment advisory functions 120 7.14%
Registration SEC, Approved, 1/16/2003
AUM* 15,586,702,609 20.22%
of that, discretionary 15,586,702,609 20.22%
Private Fund GAV* 15,586,702,609 17.08%
Avg Account Size 820,352,769 7.56%
SMA’s No
Private Funds 31 5
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
14B 12B 10B 8B 6B 4B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$2,089,420,585
Fund TypePrivate Equity Fund Count28 GAV$13,497,282,024

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Brochure Summary

Overview

AEA Investors LP, collectively with its affiliates and predecessor companies, has been sponsoring and managing private investment funds and providing investment advice since 1968. AEA Investors LP is a privately held limited partnership controlled by AEA Management LLC, a limited liability company, the managing members of which are John L. Garcia and Brian R. Hoesterey. AEA Investors LP currently carries out its investment advisory business through the following subsidiaries and/or affiliates: AEA QP Advisers LLC, AEA Advisers LLC, AEA Investors SBF LP, AEA Debt Management LP and AEA Growth Management LP (each an “Adviser” and collectively the “Advisers” or “AEA”). This brochure serves as the brochure for all of the Advisers. AEA Advisers LLC, AEA Investors LP, AEA Debt Management LP, and AEA Growth Management LP are all relying advisers with respect to AEA QP Advisers LLC.1 The Advisers manage and provide investment advice to closed-end private investment vehicles, including special opportunity and/or continuation vehicles, that are exempt from registration under the Investment Company Act of 1940, as amended, and whose securities are not registered under the Securities Act of 1933, as amended (each such vehicle, a “Fund” or “Client”). The investment advice includes investigating, identifying and evaluating investment opportunities; structuring, negotiating, monitoring and managing investments of the Funds; and disposing of the investments of the Funds. The Funds invest pursuant to and in accordance with the investment criteria and limitations set forth in each Fund’s governing documents. The investments generally are not made in publicly traded securities and are commonly referred to as “private equity” or “private debt” investments. The Advisers provide advice to each Fund and do not tailor their advisory services to the individual needs of the investors in each Fund. The Funds (or the general partners thereof) generally enter into side letters with certain investors which have the effect of establishing rights under, or altering or supplementing the terms of, the relevant governing documents with respect to such investor. The Advisers’ private equity investment vehicles are focused on the larger middle market (the “AEA Middle Market Private Equity Programs”), the smaller middle market (the “AEA Small Business Programs”) and growth-stage companies (the “AEA Growth Equity Program,” and collectively with the AEA Middle Market Private Equity Programs and AEA Small Business Programs, the “Private Equity Programs”). The Private Equity Programs focus primarily, but not exclusively, on the following sectors: (1) value-added industrials, (2) consumer, (3) services relating primarily to these and other business sectors and (4) in the case of growth equity, tech- 1 Includes general partners of Clients and certain non-US affiliates, which are treated as Advisers under SEC guidance: AEA Growth Equity Partners LP, AEA Growth Funding GP LLC, AEA Investors (Asia) Limited, AEA Investors (Germany) GmbH, AEA Investors (UK) LLP, AEA Investors 2006 PF LLC, AEA Investors Executive Partners VI LLC, AEA Investors Executive Partners VII LLC, AEA Investors Executive Partners VIII LLC, AEA Investors Partners 2006 L.P., AEA Investors Partners EF II LP, AEA Investors Partners Europe L.P., AEA Investors Partners V LP, AEA Investors Partners VI LP, AEA Investors Partners VII LP, AEA Investors Partners VIII LP, AEA Investors PF V LP, AEA Investors SBF II Partners LP, AEA Investors SBF III Partners LP, AEA Investors SBF IV Partners LP, AEA Investors SBF V Partners LP, AEA Mezzanine Partners II LP, AEA Mezzanine Partners III LP, AEA Mezzanine Partners IV LP, AEA Middle Market Debt III GP LP, AEA Middle Market Debt IV GP LP, AEA Middle Market Debt V GP LP, AEA Partners Asia LP, AEA Partners EXC CF LP, AEA Partners SBP CF LP, Amateras AEA SCF Partners LP. enabled software and healthcare services companies. Each of the Private Equity Programs is comprised of one or more Funds. The AEA Private Equity Programs are comprised of the following Funds: - AEA Investors 2006 Fund L.P. (and its related parallel vehicles), AEA Investors Fund V LP (and its parallel vehicles), AEA Investors Fund VI LP (and its parallel vehicles), AEA Investors Fund
VII LP (and its parallel vehicles), AEA Investors Fund VIII LP (and its parallel vehicles), and AEA EXC CF LP. - The AEA Small Business Programs are comprised of the following Funds: AEA Investors Small Business Fund II LP, AEA Investors Small Business Fund III LP, AEA Investors SBF IV LP, AEA Investors SBF V LP (and its parallel vehicle), and AEA SBP CF LP. - The AEA Growth Equity Program is comprised of AEA Growth Equity Fund LP (and its parallel vehicle). The Advisers’ private debt funds invest primarily, but not exclusively, in mezzanine debt investments (the “Mezz Funds”) and senior debt investments (the “Senior Debt Funds” and together with the Mezz Funds, the “Debt Funds” or the “AEA Debt Programs”) in non-public companies. Each of the AEA Debt Programs is comprised of one or more Funds. - The Mezz Funds include AEA Mezzanine Fund II LP (and its parallel vehicle), AEA Mezzanine Fund III LP and AEA Mezzanine Fund IV LP. - The Senior Debt Funds include AEA Middle Market Debt Fund III LP, AEA Middle Market Debt Fund IV LP, and AEA Middle Market Debt Fund V LP. The Advisers expect in the future to advise other funds in addition to those listed herein. For example, in 2024, AEA expects to expand its focus to capital solutions (primarily debt and equity co-invest) in a joint venture with Amateras Capital and is currently making seeding investments. Adviser personnel may also serve on the boards of directors or similar governing bodies of the underlying portfolio company investments of the Funds. Additionally, as permitted by a Fund’s governing documents, the Advisers expect to provide (or agree to provide) co-investment opportunities (including the opportunity to participate in co-invest vehicles) to certain current or prospective investors or other persons, including other sponsors, market participants, finders, consultants and other service providers, and portfolio company management or personnel. Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, for strategic and other reasons, a co-investor or co-invest vehicle (including a co-investing Fund) purchases a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post- closing sell-down or transfer), which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co- investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. Where appropriate, and in the Advisers’ sole discretion, the Advisers reserve the right to charge interest on the purchase to the co-investor or co-invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Fund for related costs. However, to the extent any such amounts are not so charged or reimbursed (including charges or reimbursements required pursuant to applicable law), they generally will be borne by the relevant Fund. The provision of information about the above referenced Funds shall in no event be considered to be an offer of interests in a Fund nor shall it be an offer of, or agreement to provide, advisory services directly to any recipient. Rather, this brochure is designed solely to provide information about AEA for the purpose of compliance with certain obligations under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Potential investors are provided with relevant organizational documents and private placement memoranda further describing terms, key risks and conflicts associated with a particular Client prior to investing and encouraged to review such documents carefully. As of December 31, 2023, the Advisers had total assets under management (including uncalled capital commitments) of approximately $19,131,623,983, all of which was managed on a discretionary basis.