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Adviser Profile

As of Date 04/29/2024
Adviser Type - Large advisory firm
Number of Employees 24
of those in investment advisory functions 16 -5.88%
Registration SEC, Approved, 3/23/2012
AUM* 1,422,259,616 4.37%
of that, discretionary 1,422,259,616 4.37%
Private Fund GAV* 1,422,259,617 4.37%
Avg Account Size 101,589,973 11.83%
SMA’s No
Private Funds 6
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
1B 1B 1B 804M 603M 402M 201M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count6 GAV$1,422,259,617

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Brochure Summary

Overview

Sandton Capital Partners, L.P. (“Sandton” or the “Firm”), a Delaware limited partnership, was founded in June 2010 by Rael Nurick and Thomas Wood. Rael Nurick and Thomas Wood are the principal owners of Sandton. Sandton is a private investment fund manager focused on special situation investments. Sandton provides its services to privately offered domestic and offshore investment vehicles, some of which are co- investment vehicles (the “Funds” or “clients”), pursuant to investment management agreements (“IMAs”) under which Sandton is granted investment discretion subject to the policies and restrictions imposed by the relevant IMAs and limited partnership agreements (each, an “LPA”) for such Funds. Historically, Sandton has not begun investing on behalf of a Fund until its predecessor Fund has invested substantially all its capital. As a result, Sandton typically does not need to address allocation decisions as between or among the Funds, other than co-investment vehicles, as discussed below. Although it has occurred very infrequently in the past, Sandton may be required to make allocation determination decisions between Funds with respect to certain “follow on” investments. If such “follow on” investment consists of an additional purchase of an instrument held by an existing Fund from a different seller, such purchase opportunity will generally be allocated to the Fund that is currently in its investment period. However, if such “follow on” investment takes the form of a cash infusion into a company or issuer that is the subject of debt or equity held by an existing Fund, then
such “follow on” investment will be allocated to the Fund that initially made such investment, subject to the Fund’s capacity for such investment. Sandton is responsible for sourcing and identifying new investments. Pursuant to certain of the Funds’ governing documents, if an investment that is a viable opportunity for a Fund exceeds a certain size, it is submitted to the Fund’s advisory committee (“Advisory Committee”) for additional review. When a potential investment exceeds the Fund’s capacity for such investment, such investment may be considered as a potential co-investment opportunity. When an eligible co-investment opportunity arises, the Firm will typically offer the opportunity to participate to certain investors in its discretion through a collective investment vehicle. Historically, co-investors have included (i) investors in the Fund for which that opportunity was originally sourced, (ii) certain key large investors in the relevant Fund, (iii) the investors who provided seed capital (the “Seed Investors”) to the Firm at the time of its founding. (See Items 10.C. and 11.A.) The Firm tailors its advisory services to each Fund or co-investment vehicle it manages in accordance with the terms of the relevant offering memorandum or mandate for such co-investment vehicle, as applicable. Sandton does not participate in, nor does it sponsor, wrap fee programs. As of December 31, 2023, Sandton managed approximately $1,422,259,616 in regulatory assets under management on a discretionary basis. Sandton does not manage client assets on a non-discretionary basis.