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Adviser Profile

As of Date 05/01/2024
Adviser Type - Mid-sized advisory firm
Number of Employees 6 -25.00%
of those in investment advisory functions 3 -40.00%
Registration SEC, Approved, 03/31/2014
AUM* 53,888,055 -51.01%
of that, discretionary 53,888,055 -51.01%
Private Fund GAV* 53,888,055 -51.01%
Avg Account Size 17,962,685 -51.01%
SMA’s No
Private Funds 1
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
296M 254M 212M 169M 127M 85M 42M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$53,888,055

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker358039105 Stock NameFRESHPET INC $ Position$9,333,159 % Position26.00% $ Change-1.00% # Change-11.00%
Stck Ticker131193104 Stock NameTOPGOLF CALLAWAY BRANDS CORP $ Position$8,674,687 % Position24.00% $ Change-10.00% # Change-5.00%
Stck Ticker512807108 Stock NameLAM RESEARCH CORP $ Position$8,277,079 % Position23.00% $ Change-3.00% # Change-12.00%
Stck TickerN70544106 Stock NamePLAYA HOTELS & RESORTS NV $ Position$3,702,633 % Position10.00% $ Change-32.00% # Change-21.00%
Stck Ticker256677105 Stock NameDOLLAR GEN CORP NEW $ Position$2,460,007 % Position7.00% $ Change-16.00% # Change-1.00%
Stck Ticker92338C103 Stock NameVERALTO CORP $ Position$1,519,787 % Position4.00% $ Change8.00% # Change0.00%
Stck Ticker73278L105 Stock NamePOOL CORP $ Position$1,014,189 % Position3.00% $ Change # Change
Stck Ticker760125104 Stock NameRENTOKIL INITIAL PLC $ Position$607,351 % Position2.00% $ Change-2.00% # Change0.00%

Brochure Summary

Overview

Item 4.B................................................................................................................................5 Item 4.D ...............................................................................................................................6 Item 5: Fees and Compensation .......................................................................................................7 Item 5.A ...............................................................................................................................7 Item 5.B................................................................................................................................7 Item 5.C................................................................................................................................8 Item 5.D .............................................................................................................................10 Item 5.E ..............................................................................................................................10 Item 6: Performance-Based Fees and Side-By-Side Management ................................................11 Item 7: Type of Clients ...................................................................................................................12 Item 8: Methods of Analysis, Investment Strategies and Risk of Loss .........................................13 Item 8.A .............................................................................................................................13 Item 8.B..............................................................................................................................13 Item 8.C..............................................................................................................................19 Item 9: Disciplinary Information ...................................................................................................20 Item 10: Other Financial Industry Activities and Affiliations .......................................................21 Item 10.A ...........................................................................................................................21 Item 10.B............................................................................................................................21 Item 10.C............................................................................................................................21 Item 10.D ...........................................................................................................................21 Item 11: Code of Ethics. Participation or Interest in Client Transactions and Personal Trading ...............................................................................................................................22 Item 11.A ...........................................................................................................................22 Item 11.B ............................................................................................................................22 Item 11.C ............................................................................................................................22 Item 11.D ...........................................................................................................................23 Item 12: Brokerage Practices .........................................................................................................24 Item 12.A ...........................................................................................................................24 Item 12.B............................................................................................................................25 Item 13: Review of Accounts .........................................................................................................26 Item 13.A and 13.B ............................................................................................................26 Item 13.C............................................................................................................................26 Item 14: Client Referral and Other Compensation ........................................................................27 Item 14.A ...........................................................................................................................27 Item 14.B............................................................................................................................27 Item
15: Custody ............................................................................................................................28 Item 16: Investment Discretion ......................................................................................................29 Item 17: Voting Client Securities ...................................................................................................30 Item 17.A and 17.B ............................................................................................................30 Item 18: Financial Information ......................................................................................................31 Item 4.A Marlowe Partners LP (“Marlowe Partners” or “Marlowe”) is a Delaware limited partnership founded in February 2013 by David Steinberg and Eric Udoff, who are the principal owners. Marlowe is a New York City based alternative asset management firm. Marlowe Partners LP manages Marlowe Partners Onshore Fund LP (the “Onshore Fund”), Marlowe Partners Offshore Fund Ltd. (the “Offshore Fund”) and Marlowe Partners Master Fund LP (the “Master Fund” and, collectively with the Onshore Fund and the Offshore Fund, the “Funds” or the “Fund”). Each of the Onshore Fund and the Offshore Fund invest substantially all of their assets in the Master Fund. Marlowe’s investment objective is to invest in undervalued securities that are trading below our assessment of their intrinsic value. While we invest predominantly in stocks, debt investments will be a cyclical component of our portfolio as we take advantage of distressed opportunities when they occur. Our bottom-up study of companies drives our investment selection. Marlowe seeks to identify complex situations where incremental sellers may be more prone to making mistakes. This approach means we hold cash when we cannot find better alternatives and we may hedge against the risk of dramatic market downturns. Marlowe often invests with a multi-year horizon. Marlowe invests in both the US and internationally. Historically the largest five investments have averaged roughly 60-95% of the overall portfolio. The Funds may invest in rights offerings, derivatives, trust units, CDS, swaps and similar complex securities. The Funds are formed as limited partnerships and offshore corporations. The Funds that are offered within the United States as well as to U.S. Persons are available only to persons who are “accredited investors” under the Securities Act of 1933 and only to persons who are “qualified purchasers” under the Investment Company Act of 1940 (the “IC Act”). Additionally, all investors must also be “qualified clients” under the Investment Advisers Act of 1940 (the “Advisers Act”). The Funds are not registered as investment companies under the IC Act and are not made available to the general public. Marlowe Partners’ pooled Funds are managed by Marlowe Partners in its sole discretion. Interests in the Funds are offered only by means of a private placement memorandum (also referred to as an offering memorandum) (the “Memorandum”). The Funds are funded through capital contributions/subscriptions and withdrawals/redemptions that are permitted at stated intervals at then current net asset values. Marlowe Partners makes all investment decisions on behalf of the Funds pursuant to the terms of an investment management agreement between each Fund and Marlowe Partners. Marlowe Partners’ primary responsibilities are to identify, review, and select investment opportunities that it believes will achieve the investment objectives of the Funds. This requires Marlowe Partners to monitor investments and determine whether to modify investment allocations. Marlowe Partners and its affiliates (identified in Item 10.C), also provide administrative and management services to the Funds. Marlowe Partners currently does not provide investment advisory services to clients apart from its management of the Funds and does not participate in wrap fee programs. Marlowe Partners may, from time to time in the future, serve as the investment adviser or management company for additional funds or other accounts. As of December 31, 2023, Marlowe Partners managed on a discretionary basis approximately $50.3 million, which represents the aggregate net asset value of the Funds as of such date. Marlowe Partners does not manage any assets on a non-discretionary basis.