Overview
Gen Cap America, Inc. (the “Adviser” or “GCA”) is a private equity firm that focuses
primarily on investing in small- to mid-sized companies on behalf of various private equity
funds (the “Funds”). Affiliates of the Adviser generally serve as the general partners (or
equivalent) of the Funds. The Adviser also manages certain other investment vehicles (of
which the participants include but are not necessarily limited to key members of the
Adviser’s investment team) that co-invest, based on a percentage of the capital invested
by the applicable Fund that is established by the Adviser or an affiliate thereof on an
annual basis within a certain range, in portfolio companies alongside the Funds (the “Co-
Investment Vehicles”). The Adviser is a Tennessee corporation that was founded in 1985
and is controlled by Barney Byrd.
The Adviser generally targets control investments in privately held small- to mid-sized
businesses, or subsidiaries and divisions of larger corporations, which have revenues
between $10 and $100 million and operating cash flow of more than $1.5 million.
Investments are typically made in established businesses with demonstrated operating
histories and quality management teams.
The Adviser works closely with the management teams of its target portfolio companies
who typically invest in their companies by becoming part of the buying group along with
the Funds. The Adviser may also structure and invest in recapitalizations for business
owners who desire immediate liquidity yet wish to participate in the growth of their
business by maintaining operating control.
The Adviser tailors its advisory services to the specific investment objectives and
restrictions of each client it advises. In the case of the Funds, these investment objectives
and restrictions are set forth in a Fund’s confidential private placement memorandum,
limited partnership agreement and/or other governing documents (the “Governing
Documents”). Investors should consult the Governing Documents for the Fund they have
invested in for more detail information about that Fund.
In accordance with common industry practice, one or more Funds or their general
partners enter into “side letters” or similar agreements with certain investors pursuant to
which such Fund or its general partner grants the investor specific rights, benefits or
privileges that are not made available to investors generally.
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As of December 31, 2023, the Adviser managed $388,801,255 in regulatory assets on a
discretionary basis.
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