Founded in 2008 by Gary A. Binning, Robert D. Haswell and Ashish B. Rughwani, Dominus
Capital Management, L.P. (“Dominus Management” and together with its affiliated advisory
entities to the Dominus funds, “Dominus Capital”) is an investment management firm
focusing on making control-oriented private equity and equity related investments
primarily in middle market companies located in North America.
Dominus Capital is located in New York City and is privately owned. Messrs. Binning,
Haswell and Rughwani are the principal owners and collectively own approximately 100%
of Dominus Management.
As of December 31, 2023, Dominus Capital managed on a discretionary basis
approximately $796,699,882 and $109,390,755 on a non-discretionary basis.
Dominus Capital, through its longstanding relationships with founders/owners-operators,
identifies direct situations in which sellers are seeking a private equity partner to help
grow and improve their business. Dominus Capital targets control-oriented investments in
management buyouts, recapitalizations and growth capital transactions. Dominus Capital
invests in light manufacturing, niche consumer products, and service businesses as well as
other industries.
Dominus Capital provides investment advisory services on a discretionary and non-
discretionary basis to clients, which are commingled investment vehicles intended for
institutional investors and other sophisticated investors. Currently, Dominus Capital’s
discretionary clients are Dominus Capital Partners II, L.P. and Dominus Capital Partners
(Offshore) II, L.P. (collectively, “Fund II”), Dominus Capital Partners III, L.P. and Dominus
Capital Partners (Offshore) III, L.P. (collectively, “Fund III”) (each a “Fund” and collectively
the “Funds”). Dominus Capital’s non-discretionary clients include Dominus BluSky
Aggregator L.P. and Dominus Seaga Aggregator L.P. (also each a Fund and collectively part
of the Funds, unless differentiated as “the Aggregators”). The Aggregators invest alongside
the Funds in specified deals.
Please see Item 10 of this Brochure for more description of the affiliated entities,
the
general partners and advisory entities, which are typical in the private fund structure. Fund
II is managed by Dominus Management and Dominus Capital Management II, L.P.
(“Dominus Management II”). Fund III is managed by Dominus Capital Management III, L.P.
(“Dominus Management III”) as well as Dominus Management L.P. and Dominus
Management II (Dominus Management II and III are the “Relying Advisers”). The
Aggregators each have a general partner that is related to Dominus Capital and the Relying
Advisors. Unless otherwise noted, this Brochure also describes the business practices of
the general partners and the Relying Advisers, which together with Dominus Management
operate as a single advisory business known as Dominus Capital. All advisers work from
the same office space and are similarly owned, with Messrs. Binning, Haswell and
Rughwani being the principal owners and collectively owning 100% of each adviser. The
investors in the Dominus Capital entities are sophisticated and, generally, institutional
investors. Further, Dominus Capital is an investor in each Fund as are “friends, family, and
employees,” either as direct investors or through a vehicle formed for that purpose.
Dominus Capital’s advisory services to the Funds are further detailed in the applicable
private placement memoranda or similar offering documents (each, a “Memorandum”),
limited partnership or similar operating agreements (each, a “Partnership Agreement”
and, as applicable, together with any relevant Memorandum, the “Governing
Documents”). The Funds or the General Partners can and have entered into side letters or
other similar agreements (“Side Letters”) with certain investors. The Side Letters
establish rights under, alter or supplement the terms of the relevant Governing
Documents for those investors. In certain cases, these Side Letters modify certain rights
and privileges with terms not available to other Investors (such as advisory and
performance fee rates, information rights, reporting rights, and certain other protections
and the right to receive allocations of co-investment).