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Adviser Profile

As of Date 04/18/2024
Adviser Type - Large advisory firm
Number of Employees 4
of those in investment advisory functions 3
Registration SEC, Approved, 2/22/2012
AUM* 347,966,974 20.01%
of that, discretionary 346,112,051 19.52%
Private Fund GAV* 347,966,974 20.01%
Avg Account Size 57,994,496 20.01%
SMA’s No
Private Funds 3
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
1B 1B 1B 853M 639M 426M 213M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$347,966,974

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Stck TickerM2029K104 Stock NameBIRKENSTOCK HOLDING PLC $ Position$6,659,893 % Position5.00% $ Change16.00% # Change1.00%

Brochure Summary

Overview

Description of the Firm Crestwood Capital Management, L.P. (“Crestwood”) is a privately owned limited partnership organized under the laws of the state of Delaware, with its principal place of business in New York, New York. Crestwood began providing investment advisory services in 2009. Michael Weisberg and Amit Mehta each own, directly or indirectly, or control 49.5% of Crestwood, with Crestwood Capital Management, LLC owning the remaining 1%. Michael Weisberg and Amit Mehta each own, directly or indirectly, or control 50% of Crestwood Capital Management, LLC. Mr. Mehta’s interest in Crestwood and Crestwood Capital Management, LLC is indirect, though Aravi Capital, L.P., which is more than 75% owned, and 100% controlled, by Mr. Mehta. Crestwood serves as the investment manager to several private investment partnerships and companies. From 1995, when he launched the first Crestwood Fund (as defined below), and prior to its acquisition by ING Group, N.V. and/or its affiliates (“ING”) in 1997, Mr. Weisberg was a managing director at Furman Selz and was the Portfolio Manager of the Crestwood Funds. Mr. Mehta joined ING in 2002 and became co-Portfolio Manager, with Mr. Weisberg, of the Crestwood Funds in 2005. Effective July 1, 2009, Crestwood replaced ING as the investment adviser and/or investment manager of the Funds. At that time, Mr. Weisberg and Mr. Mehta ceased to be employees of ING. Effective May 2014, certain ING affiliates were rebranded under the name Voya. Crestwood does not participate in wrap fee programs. Advisory Services Offered Crestwood serves as the investment manager or adviser to multiple private investment partnerships or companies, each of which is exempt from registration with the Securities and Exchange Commission (each a “Fund” or a “client” and together the “Funds,” the “Crestwood Funds,” or the “clients”). Crestwood provides investment management services tailored to the specific investment guidelines set forth in the confidential private placement memorandum of each of the Feeder Funds and Crestwood Partners II (as each such term is defined below), although the investable assets of the Feeder Funds (other than cash held on a short-term basis) are required to be invested in their respective Master Funds, where all portfolio transactions using Feeder Fund assets are held. Subject to these investment guidelines, Crestwood has complete discretion and authority to manage the assets of the Master Funds and Crestwood Partners II. Crestwood is authorized to make all investment decisions, buy and sell securities, issue instructions to custodians, select broker-dealers to execute securities transactions and vote proxies and make similar decisions for Crestwood Capital Master, Crestwood Growth Master, and Crestwood Partners II, except that Crestwood generally does not pursue or commence class action litigation on behalf of the Funds. Underlying investors in the Crestwood Funds do not have the ability to impose restrictions on investing in certain securities or types of securities. Crestwood offers and sells interests in the Feeder Funds and Crestwood Partners II in private transactions solely to accredited investors and qualified clients, qualified purchasers, or professional investors, as the case may be, and certain employees of Crestwood and/or its affiliates. The Crestwood Funds Crestwood manages two fund families with different but related strategies. The Long/Short Funds (Crestwood Capital Master, Crestwood Capital, Crestwood Capital International, and Crestwood Partners II, collectively referred to as the “Long Short/Funds”) are managed using a long-short equity global growth strategy. The “Long Only Funds” (Crestwood Growth Master and Crestwood Growth Partners) are managed using a long only equity global growth strategy based on the long investments in the Long/Short Funds. The Crestwood Funds are set forth below: Crestwood Capital Partners, L.P.* (“Crestwood Capital”) Crestwood Capital International, Ltd. (“Crestwood Capital International”) Crestwood Capital Master Fund, Ltd. (“Crestwood Capital Master”) Crestwood Capital Partners II, L.P. (“Crestwood Partners II”) Crestwood Growth Master Fund, Ltd. (“Crestwood Growth Master”) Crestwood Growth Partners, L.P. (“Crestwood Growth”) Crestwood Capital, Crestwood Capital International
and Crestwood Growth are collectively referred to as the “Feeder Funds,” and Crestwood Capital Master and Crestwood Growth Master are collectively referred to as the “Master Funds.” The Long/Short Funds Crestwood serves as the investment manager and the adviser to a U.S. domiciled and a British Virgin Islands domiciled Feeder Fund, respectively, each open only to investment by accredited investors and qualified purchasers or professional investors, as applicable. In its capacity as investment manager to Crestwood Capital and as adviser to Crestwood Capital International, Crestwood provides certain non-discretionary operational and administrative services to these Feeder Funds, but has no discretion with respect to the investment of their assets or their operation. Each of these Feeder Funds seeks to attain its investment objectives by investing substantially all of its investable assets in a British Virgin Islands based master fund, through a master feeder structure, for which Crestwood serves as the adviser. Crestwood Partners and Crestwood International are referred to as the “Long/Only Feeder Funds.” The British Virgin Islands master fund has the same investment objective and strategy as each of its Feeder Funds. Crestwood also manages a U.S. domiciled Fund, open only to accredited investors and qualified clients, that utilizes the same investment strategy as the other Long/Short Funds. * Crestwood Capital Partners, L.P.®, Crestwood Capital International, Ltd.®, Crestwood Capital Master Fund, Ltd.®, and Crestwood Capital Partners II, L.P.® are registered trademarks of Crestwood Capital Management, L.P. ® Investment performance is dependent upon the selection of long investments that outperform the market and short investments that underperform the market. While the confidential private placement memorandum for each of the Long/Short Feeder Funds and Crestwood Partners II gives Crestwood broad discretion with respect to the types of securities it may purchase, Crestwood will purchase and sell primarily equity and equity- related securities in global markets. Crestwood may also invest in preferred stocks, convertible securities, warrants, commodities, options (including covered and uncovered puts and calls and over-the-counter options), futures and other derivative instruments, bonds and other fixed income securities, foreign currencies, private securities and money market instruments. Crestwood also engages in short selling, margin trading, hedging and other investment strategies for the Long/Short Funds. There are no predetermined limits on the relative amount of Fund assets that may be invested long or short. The relative level of long and short positions depends upon Crestwood’s evaluation of the relative attractiveness of investment opportunities, perception of general market direction and other factors. Generally, each Fund’s long portfolio will be less than 150% of its net assets and the short portfolio will be less than 100% of its net assets, but Crestwood can, from time to time, exceed these levels. Performance is primarily driven by the relative performance of Crestwood’s long and short investments rather than the performance of the markets. Crestwood Capital Master and Crestwood Partners II generally invest in the same securities, to the extent legally permissible, and operationally practical. Investment trades are generally allocated among the Long/Short Funds to achieve holdings that are proportional to their respective net asset values. The Long Only Funds In its capacity as adviser to Crestwood Capital Master, and Crestwood Growth Master, Crestwood is generally responsible for managing the assets of each such fund. Crestwood Growth Master generally invests in the same long positions as those held by Crestwood Capital Master; however, Crestwood Growth Master’s long exposure is targeted to be higher than that of Crestwood Capital Master therefore Crestwood Growth Master’s positions will be relatively larger based on their respective investable assets. As a result of this sharing of investments, the efforts of the members of Crestwood’s investment and trading teams are focused on one set of investment decisions. Assets under Management As of December 31, 2023 Crestwood managed, on a discretionary basis, client assets totaling approximately $252 million. Crestwood does not manage client assets on a non- discretionary basis.