Overview
H Partners Management, LLC (“H Partners” or the “Adviser”), a Delaware limited liability company, was
formed in December 2004 and began advising clients in January 2005. Rehan Jaffer is the owner and sole
member of H Partners.
H Partners’ only offerings are two private funds intended for sophisticated investors organized as
domestic limited partnerships or foreign companies. H Partners serves as the investment adviser and
affiliates of H Partners serve as general partner of the funds which are organized as limited partnerships.
H Partners has full discretionary trading authority with respect to the funds. The Funds (each a “Fund”
or collectively the “Funds”), which are collectively referred to as H Partner’s Advisory Clients operate in a
“side-by-side” structure and predominately employ the same strategy which focuses primarily on
concentrated portfolios of equity securities, high yield securities, distressed instruments and company
obligations.
H Partners’ Advisory Clients are neither registered under the Securities Act of 1933 (“Securities Act”), as
amended, nor registered under the Investment Company Act of 1940, as amended (“Company Act”).
Accordingly, interests in the Advisory Clients are offered exclusively to investors satisfying the applicable
eligibility and suitability requirements either in private placement transactions within the United States
or in offshore
transactions.
The Funds are managed according to specific investment objectives and strategies as discussed in each
Fund’s Confidential Private Offering Memorandum (“Offering Document”). H Partners typically does not
tailor its advisory services to the individual needs of investors in the Funds. The Funds are the clients of H
Partners and not the investors in such Funds. Accordingly, H Partners typically does not accept material
investment restrictions imposed by such investors. For a further description of the Adviser’s investment
objectives, strategies and associated risks please see Item 8, Method of Analysis, Investment Strategies
and Risk of Loss.
The Funds have previously entered into agreements (“Side Letters”) with certain investors that result in
different terms of an investment in the Funds than the terms applicable to other investors including, but
not limited to additional or more frequent reporting and enhanced disclosure of certain events. As a
result of such Side Letters, certain investors have received additional benefits which other investors do
not receive. Such agreements are entered into by such investors without the consent of other investors
in such Funds.
As of December 31, 2023, H Partners manages approximately $718,455,524 in regulatory assets on a
discretionary basis. H Partners does not manage any assets on a non-discretionary basis.