The Management Company, a Delaware limited liability company and a registered
investment adviser, provides investment advisory services to investment funds privately offered
to qualified investors in the United States and elsewhere. The Management Company commenced
operations in January 2001. Blue Point (as defined herein) is a private investment management
firm, including several general partner entities and other organizations affiliated with the
Management Company.
The following general partner entities are affiliates of the Management Company:
• BPCP Management II, L.P. (“GP II”);
• BPCP Management III, L.P. (“GP III”);
• BPCP Management IV, L.P. (“GP IV”); and
• BPCP Management V, L.P. (“GP V”)
(GP II, GP III, GP IV and GP V each, a “General Partner,” and collectively, together with
any future affiliated general partner entities the “General Partners,” and together with the
Management Company and their affiliated entities, the “Advisers” or “Blue Point”).
The Advisers’ clients include the following (each, a “Fund,” and together with any
future private investment fund to which Blue Point or its affiliates provide investment advisory
services (including a Fund that has not received its final investor commitments as of the date
hereof), the “Funds”):
• Blue Point Capital Partners II, L.P. (“Fund II Main”);
• Blue Point Capital Partners II (B), L.P. (“Fund II(B),” and together with Fund II Main,
“Fund II”);
• Blue Point Capital Partners II Executive Fund, L.P. (“Executive Fund II”);
• Blue Point Capital Partners III, L.P. (“Fund III Main”);
• Blue Point Capital Partners III (A), L.P. (“Fund III(A)”);
• Blue Point Capital Partners III (B), L.P. (“Fund III(B),” and together with Fund III
Main and Fund III(A), “Fund III,” and together with Fund II(B), the “State Plan
Funds”);
• Blue Point Capital Partners III Executive Fund, L.P. (“Executive Fund III”);
• Blue Point Capital Partners IV, L.P. (“Fund IV Main”);
• Blue Point Capital Partners IV (A), L.P. (“Fund IV(A)” and together with Fund IV
Main, “Fund IV”);
• Blue Point Capital Partners IV Executive Fund, L.P. (“Executive Fund IV”);
• Blue Point Capital Partners V, L.P. (“Fund V Main”); Blue Point Capital Partners V
(A), L.P. (“Fund V(A)” and together with Fund V Main, “Fund V”); and
• Blue Point Capital Partners V Executive Fund, L.P. (“Executive Fund V,” and together
with Executive Fund II, Executive Fund III and Executive Fund IV, the “Executive
Funds”).
The General Partners each serve as general partner to one or more Funds and have the
authority to make the investment decisions for the Funds to which they provide advisory services.
The Management Company provides the day-to-day advisory and certain administrative services
for the Funds. Each General Partner is subject to the Advisers Act pursuant to the Management
Company’s registration in accordance with SEC guidance and is controlled by the Management
Company. This Brochure also describes the business practices of the Advisers which operate as a
single advisory business. References contained in this Brochure to the strategy and operations of
a General Partner should be read to include the activities of the Management Company and other
Blue Point advisory affiliates that collectively engage in the investment process and ongoing
management of the Funds’ portfolio companies.
The Funds are private equity funds and invest through negotiated transactions in operating
entities, generally referred to herein as “portfolio companies.” The Advisers’ investment advisory
services to the Funds consist of identifying and evaluating investment opportunities, negotiating
the terms of investments, managing and monitoring investments and achieving dispositions for
such investments. Although investments are made predominantly in non-public companies, certain
investments in public companies are permitted. Often, the senior principals or other personnel of
the Advisers or their affiliates serve on portfolio company boards of directors or otherwise act to
influence control over management of portfolio companies in which the Funds have invested.
Blue Point’s advisory services for the Funds are further described in the applicable private
placement memoranda or other offering documents (each, a “Memorandum”) and limited
partnership or other operating agreements or governing documents (each, a “Partnership
Agreement”) and are further described below under “Methods of Analysis, Investment Strategies
and Risk of Loss” and “Investment Discretion.” Investors in the Funds (generally referred to herein
as “investors” or “limited partners”) participate in the overall investment program for the
applicable Fund but in certain circumstances are excused from a particular investment due to legal,
regulatory or other agreed-upon circumstances pursuant to the relevant Partnership Agreement;
for the avoidance of doubt, such arrangements generally do not and will not create an adviser-
client relationship between Blue Point and any investor. The Funds or the Advisers are permitted
to enter into side letters or other similar agreements (“Side Letters”) with certain investors that
have the effect of establishing rights (including economic or other terms) under or altering or
supplementing the terms of the relevant Partnership Agreement with respect to such investors.
Additionally, from time to time and as permitted by the relevant Partnership Agreement,
the Advisers expect to provide (or agree to provide) co-investment opportunities (including the
opportunity to participate in co-invest vehicles) to certain current or prospective investors or other
persons, including other sponsors, market participants, finders, consultants, other service providers
and/or certain other persons associated with the Advisers and/or their affiliates. Such co-
investments typically involve investment and disposal of interests in the applicable portfolio
company at the same time and on the same terms as the Fund making the investment. However,
from time to time, for strategic and other reasons, a co-investor or co-invest vehicle is expected to
purchase a portion of an investment from one or more Funds after such Funds have consummated
their investment in the portfolio company (also known as a post-closing sell-down or transfer),
which generally will have been funded through Fund investor capital contributions and/or use of
a Fund credit facility. Any such purchase from a Fund by a co-investor or co-invest vehicle
generally occurs shortly after the Fund’s completion of the investment to avoid any changes in
valuation of the investment, but in certain instances could be well after the Fund’s initial purchase.
Where appropriate, and in the Adviser’s sole discretion, the Adviser is authorized to charge interest
on the purchase to the co-investor or co-invest vehicle (or otherwise equitably adjust the purchase
price under certain conditions), and to seek reimbursement to the relevant Fund for related costs.
However, to the extent such amounts are not so charged or reimbursed, they generally will be
borne by the relevant Fund.
As of December 31, 2023, the Management Company managed approximately $1.9 billion
in client assets on a discretionary basis. The Management Company is principally owned and
controlled by Charles M. Chaikin, John A. LeMay, Julianne Marley and Sean P. Ward.