Overview
ADVISORY BUSINESS
Mount Kellett Capital Management LP (together with its affiliates, the "Adviser") is a Delaware
limited partnership formed in 2008. The Adviser provides investment management and related
services to private pooled investment vehicles and managed accounts for institutional investors
(the "Mount Kellett Funds"). The Mount Kellett Funds are U.S. and non-U.S. limited
partnerships and other investment vehicles that are not registered or required to be registered
pursuant to an exemption under the U.S. Investment Company Act of 1940 and the equity
interests of which are not required to be registered pursuant to the U.S. Securities Act of 1933.
The Mount Kellett Funds include private equity style funds, and managed accounts, which
managed accounts are in the form of investment vehicles established for a single institutional
investor or for a limited number of investors who are clients of the same third party institutional
asset manager.
The Adviser maintains an office in New York. The principal owner of the Adviser is Mark
McGoldrick. As of December 31, 2022, the Adviser's regulatory assets under management
equaled approximately $350,733,298.
The Adviser, jointly with Fortress MK Advisors LLC (together with its parent entity, FIG LLC
and its other affiliates, the "Fortress Manager"), has discretionary authority with respect to
investment decisions of the Mount Kellett Funds, except, as previously disclosed
to investors in
the Mount Kellett Funds, with respect to several specific investments for which the Adviser has
sole discretionary authority. The Adviser's advice with respect to the Mount Kellett Funds is
made in accordance with the investment objectives and guidelines as set forth in the Mount
Kellett Funds' respective offering memoranda, organizational documents and investment
management agreements (collectively, the "Fund Documents").
The primary investment strategy pursued by the Adviser on behalf of the Mount Kellett Funds
has historically focused on opportunistic investments globally across asset classes, capital
structures and geographies, including, but not limited to, investments in the debt and equity of
private and public companies, bank loans and bonds, distressed and stressed investments,
including control positions, single credits, portfolios of corporate loans, consumer receivables
and mortgage loans, and real estate and real-estate-related securities. The Adviser may
compensate unaffiliated individuals or firms in connection with investments sourced by such
individuals or firms or for other transactions. The investment periods of all of the Mount Kellett
Funds have expired, and except for follow-on investments (and certain other types of permissible
fundings) in certain existing portfolio companies and certain hedging positions, the Mount
Kellett Funds are no longer actively making new investments.