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Adviser Profile

As of Date 07/16/2024
Adviser Type - Large advisory firm
Number of Employees 18 -5.26%
of those in investment advisory functions 8 -27.27%
Registration SEC, Approved, 3/30/2012
AUM* 311,005,608 -28.68%
of that, discretionary 311,005,608 -28.68%
Private Fund GAV* 311,005,608 -28.68%
Avg Account Size 77,751,402 6.99%
SMA’s No
Private Funds 4 2
Contact Info 310 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
3B 3B 2B 2B 1B 947M 473M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count4 GAV$311,005,608

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Brochure Summary

Overview

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.