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Adviser Profile

As of Date 05/10/2024
Adviser Type - Large advisory firm
Number of Employees 16 -11.11%
of those in investment advisory functions 10
Registration SEC, Approved, 3/30/2012
AUM* 399,536,721 -13.11%
of that, discretionary 399,536,721 -13.11%
Private Fund GAV* 399,536,721 -13.11%
Avg Account Size 57,076,674 -13.11%
SMA’s No
Private Funds 7
Contact Info 212 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
568M 487M 406M 325M 244M 162M 81M
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$399,536,721

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Brochure Summary

Overview

Seaport Capital, LLC (“Seaport”), a New York City-based private equity firm, was formed in 2000 to make and manage investments by pooled investment vehicles structured as limited partnerships or other similar entities (each a “Fund” and, collectively, the “Funds”) in private middle market companies operating in the communications, business and information services, and media sectors (the “Focus Sectors”). Each Fund is managed by a general partner or manager entity that is an affiliate of Seaport (each a “Manager” and collectively, the “Managers”). The group that became Seaport Capital operated as a division of Communications Equity Associates from 1997 to 2000. Until February 13, 2017, Seaport was owned by its founders, William K. Luby and James J. Collis. M. Scott McCormack and Robert Tamashunas now own Seaport. Mr. Luby and Mr. Collis continue to be integrally involved in the firm’s business. Seaport is a value-based, active investor that seeks to grow its portfolio companies and protect its Funds’ capital. Key elements sought in its investments include: recurring revenues; high organic EBITDA (earnings before interest, taxes, depreciation and amortization) (or other similar measures of earnings) intended to serve as a proxy for a company’s cash flow from operations; growth rates driven by expanding markets; attractive underlying unit economics and strong operating leverage; and, high level of industry fragmentation. Seaport tailors its advisory services to the specific investment objectives and restrictions of each Fund as set forth in each Fund’s offering memorandum (or other information documents, as applicable), limited partnership agreement, limited liability company agreement, management agreement (where applicable)
and “side letters,” as applicable (collectively, the “Documents”). Seaport does not vary its investment advice from the terms of these Documents. In accordance with common industry practice, the Funds may enter into “side letters” or side agreements with certain investors in the Funds, pursuant to which a Manager may grant an investor specific rights, benefits, or privileges. Included as Funds may be parallel funds and alternative investment vehicles (“AIVs”), which are organized on terms substantially similar to those of their related Funds to meet the needs of certain classes of investors or to address legal, regulatory or tax concerns. Each parallel fund will invest on a pro rata basis in the corresponding Fund’s transactions. Also included are co-investment vehicles (“Co-Invests”) formed and operated by Seaport through which certain persons may invest alongside the Funds in certain investments made by the Funds. Seaport also uses special purpose vehicles (“SPVs”) to make investments in certain new portfolio companies or different security classes of existing portfolio companies. An SPV may be formed due to Documents restrictions or limitations on the availability of investment capital in the Funds. An SPV’s partners or members may include certain investors in the Funds, business contacts of Seaport, and members of Seaport management. Item 11 below provides additional information about Seaport’s allocation of investment opportunities. As of December 31, 2023, Seaport had $399,536,721 in discretionary assets (including uncalled capital) and $0 in non-discretionary assets under management, in four multi-investment funds (including two parallel funds), a co-investment entity and two special purpose vehicles.