For purposes of this Brochure, “Adviser” or “CCP” means Constitution Capital Equity Partners
LP, a Delaware limited partnership and Constitution Capital Credit Partners LP, a Delaware
limited partnership (where the context permits) with their affiliated General Partners (as defined
in Item 10 below “General Partners”) of the Funds (as defined below “Funds”) and other affiliates
that provide advisory services to and/or receive Advisory Fees (as defined in Item 5 below
“Advisory Fees”) from the Clients (as defined below “Clients”) Such affiliates may or may not be
under common control with Constitution Capital Equity Partners LP and/or Constitution Capital
Credit Partners LP, but possess a substantial identity of personnel and/or equity owners with
Constitution Capital Equity Partners LP and Constitution Capital Credit Partners LP. These
affiliates may be formed for tax, regulatory or other purposes in connection with the organization
of the Funds, and some may serve as General Partners of the Funds.
Adviser provides investment supervisory services to investment vehicles that are exempt from
registration under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose
securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”)
(the “Funds”). The Funds offer an investment in limited partnership interests to sophisticated
prospective investors. Certain Funds may have only a single investor or group of related investors.
In accordance with the Funds’ respective investment objectives, certain of the Funds (the
“Partnership Funds”) make Partnership Investments (as defined below “Partnership Investments”)
in middle market buyout funds. These funds will be principally organized in North America and
will primarily invest in portfolio companies located in or having a principal place of business in
North America. In addition, certain of the Funds (the “Co-Investment Funds”) make Co-
Investments (as defined below “Co-Investments”) in leveraged buyout and growth equity
transactions in portfolio companies primarily located in or having a principal place of business in
North America. Certain of the Funds (the “Opportunities Funds”) make Opportunities Investments
(as defined below “Opportunity Investments”) in small to mid-cap companies primarily located in
or having a principal place of business in North America. Adviser also provides investment
supervisory services to one separate account client that make investments alongside the
Partnership Funds and may, in the future, provide investment supervisory services to other separate
account clients (the “Separate Accounts” and together with the Funds, the “Client”, collectively
“Clients”).
The Partnership Funds and the Separate Accounts seek to make investments (the “Partnership
Investments”) primarily in private equity pooled investment vehicles (the “Underlying Funds”).
These Underlying Funds will be principally organized in North America and will primarily engage
in leveraged buyouts of middle market companies located in or having a principal
place of business
in North America.
The Co-Investment Funds seek to make direct private equity investments (the “Co-Investments”),
generally sourced on a co-investment basis with Underlying Funds and with other private equity
fund managers identified by Adviser. These Co-Investments will primarily have a principal place
of business in North America. The Co-Investment Funds will primarily invest directly in equity
securities of private companies on a side-by-side basis with private equity funds.
The Opportunities Funds seek to make opportunistic credit investments (the “Opportunities
Investments” and with the Partnership Investments and Co-Investments, the “Investment” or
collectively “Investments”) in corporate debt and equity instruments, including senior and
unitranche loans, corporate bonds, mezzanine securities, and equity securities such as warrants.
The Opportunities Funds will initiate investments both through direct, or primary, investments in
companies, as well as through the acquisition of existing securities in these companies from other
debt and equity holders on a secondary basis.
Adviser’s advisory services consist of investigating, identifying, and evaluating investment
opportunities, structuring, negotiating, and making Investments on behalf of the Clients, managing
and monitoring the performance of such Investments and disposing of such Investments. Adviser
may serve as the investment adviser or General Partner to the Clients in order to provide such
services.
Adviser provides investment supervisory services to each Client in accordance with the limited
partnership agreement (or analogous organizational document) of such Client or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”).
With respect to the Funds, investment advice is provided directly to the Funds, subject to the
discretion and control of the applicable General Partner, and not individually to investors in the
Funds. Services are provided to the Clients in accordance with the Advisory Agreements with the
Clients and/or organizational documents of the applicable Client. Investment restrictions for the
Clients, if any, are generally established in the organizational or offering documents of the
applicable Client, Advisory Agreements and/or side letter agreements negotiated with investors in
the applicable Client (such documents, as may be amended from time to time, collectively, a
Client’s “Organizational Documents”).
Constitution Capital Equity Partners LP and Constitution Capital Credit Partners are wholly owned
by Constitution Capital Partners LLC. The principal owners of Constitution Capital Partners LLC
are Daniel M. Cahill and John J. Guinee, together the “Managing Partners”. Adviser has been in
business since 2008. As of December 31, 2023, Adviser manages approximately $4,698.3 million
1
of Client assets, all of which is managed on a discretionary basis.
1 Calculated using Regulatory Assets Under Management definition from Form ADV Part 1A, Item 5.F.(2)(c).