The Gores Group, LLC (“Gores”), a Delaware Limited Liability Company was founded in 1987 by its
Chairman, Alec Gores. Gores registered with the SEC as an investment adviser in 2012. Gores serves,
directly or indirectly, as the investment manager to the investment funds described herein, and affiliates
of Gores serve as the general partner of such investment funds (each a “General Partner” and, collectively,
“General Partners”). Gores and any affiliated general partners are referred to in this Brochure as “Gores,”
“we” or “us.”
Gores is owned and controlled by Alec Gores. Gores manages private investment funds that focus on
making private equity investments (the “Partnerships”). For purposes of this Brochure, Gores considers its
clients to be the investment partnerships managed by it; the underlying investors in such investment
partnerships are referred to in this Brochure as “investors” or “Limited Partners.”
As of December 31, 2023, Gores managed approximately $311.0 million of assets under management on a
discretionary basis. Gores does not manage assets on a non-discretionary basis.
Our investment objective is to generate significant capital appreciation for investors. We will seek to
achieve this objective primarily by making private investments in equity, equity-oriented, or debt securities
that offer equity-like returns of underperforming companies. We consider a broad range of transactions,
including without limitation management and leveraged buyouts, recapitalizations, privately negotiated
control and minority investments, consolidations and roll-ups, spin-offs and carve-outs, and growth equity
investments. Our advisory services consist of evaluating investment opportunities, structuring, negotiating
and making investments, managing and monitoring the performance of portfolio investments of the
existing and future Partnerships and disposing of such investments.
We currently provide investment advisory services to various private equity funds and their affiliated
parallel investment vehicles. Certain investors will
also receive opportunities to co-invest in portfolio
companies of particular Partnerships. The decision to open a specific investment to co-investments is in
our sole discretion.
We manage the assets of each Partnership in accordance with its particular investment objective and
mandate and the terms of the applicable governing documents of each Partnership, including such
Partnership’s limited partnership agreement (or analogous organizational document), or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”). Further details concerning each Partnership’s investment objective and mandate
are set forth in the offering memorandum applicable to such Partnership (collectively, with any applicable
Advisory Agreement, organizational document, side letter and subscription document, a Partnership’s
“Governing Documents”). When providing these services to the Partnerships, we direct and manage the
investment of each Partnership’s assets, and provide reports to investors, as described below under
“Review of Accounts.” Investment advice is provided directly to each Partnership subject to the discretion
and control of the applicable General Partner, and not individually to the investors.
The primary investment periods of all of the current Partnerships have expired as of the date of this
brochure. Although none of the current Partnerships may invest in any new portfolio companies, certain
of the Partnerships may, to the extent permitted under their Governing Documents, reinvest investment
proceeds to make add-on acquisitions. Accordingly, our focus with respect to the current Partnerships is
on maximizing the value of the existing portfolio companies, as opposed to sourcing new investments. In
the future, we may develop alternative asset vehicles that provide long term capital appreciation,
particularly where the timing of liquidation of investments is not constrained by a limited private fund term
of existence.
Gores’ clients do not participate in wrap fee programs.