Overview
FIRM DESCRIPTION
Stone House Capital Management, LLC, doing business as Stone House Partners, a Delaware limited liability
company and private investment advisory firm, was formed in January 2010. We provide investment advisory
services to private pooled investment vehicles that are offered to investors on a confidential, private placement
basis. In connection with providing these investment advisory services, we serve as investment adviser with
discretionary trading authorization. Our investment advisory services are provided in accordance with the
investment objectives and guidelines set forth in the applicable offering and/or governing documents, and the
information set forth in this brochure is qualified in its entirety by such documents.
PRINCIPAL OWNERS
We are wholly owned and controlled by Mark A. Cohen and Richard M. Cohen, our sole members.
TYPES OF ADVISORY SERVICES
Our private investment fund clients include SH Capital Partners, L.P., a Delaware limited partnership (the “Onshore
Fund”), and SH Capital Offshore, LTD, a Cayman Islands exempted company (the “Offshore Fund” and together
with the Onshore Fund, each, a “Fund” and together, the “Funds”). The Offshore Fund invests substantially all of its
assets in, and conducts its investment activities indirectly through, the Onshore Fund, pursuant to a mini-master
feeder
structure.
We provide investment management services to the Funds primarily with respect to investments in publicly-traded
equity securities. We generally are responsible for investing and re-investing the assets of the Funds in accordance
with the investment objectives, policies and guidelines set forth in their offering and governing documents.
Information about each Fund is set forth in its confidential memorandum and applicable governing documents.
Investment in a Fund does not, in and of itself, create an advisory relationship between an investor in such Fund
and us. See Item 8 below.
INVESTMENT RESTRICTIONS
We provide investment advice to the Funds in accordance with the investment objectives, policies and guidelines
set forth in the applicable offering and governing documents, and not in accordance with the individual needs or
objectives of any particular investor in the Funds. Investors generally are not permitted to impose restrictions or
limitations on the management of the Funds. Notwithstanding the foregoing, we may enter into side letter
agreements with one or more investors in a Fund that alter, modify or change the terms of the interests held by
those investors.
ASSETS UNDER MANAGEMENT
As of December 31, 2023, we had approximately $240.2 million in regulatory assets under management. All of
these assets were managed on a discretionary basis.