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Adviser Profile

As of Date 08/23/2024
Adviser Type - Large advisory firm
Number of Employees 20
of those in investment advisory functions 19
Registration SEC, Approved, 3/23/2012
AUM* 1,778,661,391 -10.84%
of that, discretionary 1,778,661,391 -10.84%
Private Fund GAV* 1,778,661,391 -14.65%
Avg Account Size 254,094,484 -10.84%
SMA’s No
Private Funds 7
Contact Info 440 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
2B 2B 2B 1B 912M 608M 304M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count7 GAV$1,778,661,391

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Brochure Summary

Overview

Primus Capital Partners, Inc., an Ohio corporation and a registered investment adviser, and its affiliated investment advisers provide investment advisory services to private investment funds. Primus Capital Partners, Inc. commenced operations in 1993. Primus Capital Partners, Inc.’s clients include the following funds (each, a “Fund,” and collectively, together with their respective parallel investment vehicles and any future private investment fund to which Primus Capital Partners, Inc. and/or its affiliates provide investment advisory services, the “Funds”):
• Primus Capital Fund V Limited Partnership;
• Primus Capital Fund VI, LP;
• Primus Capital Fund VII, LP;
• Primus Capital Fund VIII, LP (“Primus Capital Fund VIII”);
• Primus Executive Fund V Limited Partnership; and
• Primus Capital Fund IX, LP (“Primus Capital Fund IX”). The following are general partner advisory entities affiliated with Primus Capital Partners, Inc.:
• Primus Venture Partners V, L.L.C.;
• Primus Capital Partners VI, LLC;
• Primus Capital Partners VII, LLC;
• Primus Capital Partners VIII, LP; and
• Primus Capital Partners IX, LP (each, a “General Partner” and collectively, together with any future affiliated general partner entities, the “General Partners,” and together with Primus Capital Partners, Inc. and their affiliated entities, “Primus Capital”). Each General Partner is subject to the Advisers Act pursuant to Primus Capital Partners Inc.’s registration in accordance with SEC guidance. This Brochure also describes the business practices of each General Partner, which operate as a single advisory business together with Primus Capital. The Funds are private equity funds and invest through negotiated transactions in operating entities. Primus Capital’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating investments, managing and monitoring investments and achieving dispositions for such investments. Investments are made predominantly in non-public companies, although investments in public companies are permitted. From time to time, where such investments consist of portfolio companies, the senior principals or other personnel of Primus Capital or its affiliates generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies held by the Funds. Primus Capital’s advisory services for the Funds are detailed in the applicable private placement memoranda (each, a “Memorandum”), investment management agreements and limited partnership agreements of the Funds
(each, a “Partnership Agreement” and, as applicable, together with any relevant Memorandum, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program of the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other applicable constraints pursuant to the Governing Documents; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between Primus Capital and any investor. The Funds or the General Partners have entered, and expect to continue to enter, into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under or altering or supplementing the terms of the Governing Documents with respect to such investors. Additionally, from time to time, Primus Capital expects to provide (or agrees to provide) co-investment opportunities to certain current or prospective investors or other persons, including the opportunity to participate in co-invest vehicles that will invest in certain portfolio companies alongside a Fund. Such co-investments typically involve investment and disposal of their investments in the applicable portfolio company at the same time and on the same terms as the relevant Fund making the investment. However, from time to time, for strategic and other reasons, a co-investor or co-invest vehicle (including a co-investing Fund) purchases a portion of an investment from a Fund, 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. Primus Capital, in its sole discretion, reserves 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 such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund. As of December 31, 2023, Primus Capital managed approximately $1.779 billion in client assets on a discretionary basis. Primus Capital Partners, Inc. is owned and controlled by Phillip C. Molner II.