Rethink Capital Partners, LLC and its affiliated relying advisers (Rethink Healthcare Real Estate
LLC, Rethink Education Management LLC, Rethink Impact Management LLC, Rethink
Community Management LLC and Rethink Food Management LLC) (collectively “Rethink”) is a
U.S. Securities and Exchange Commission (“SEC”) registered investment adviser that provides
discretionary and non-discretionary investment management services to privately offered real
estate, venture capital and private equity pooled investment funds, co-investment and other special
purpose vehicles (“Funds”). Rethink Education Management LLC is indirectly owned by Rethink
Capital Partners, LLC, which is wholly owned by Rethink Investment Group LLC. Rethink Impact
Management LLC, and Rethink Food Management LLC are indirectly owned by Rethink Capital
Partners LLC. Rethink Project Management LLC, Rethink Property Management, LLC and
Rethink Healthcare Real Estate, LLC are indirectly owned affiliates of Rethink Capital Partners,
LLC. Rethink Community Management, LLC is partially owned by Rethink Capital Partners,
LLC. Rethink Realty, LLC is wholly owned by Rethink Healthcare Real Estate, LLC. Rethink’s
principal office is in White Plains, New York with an additional office in New York, NY. The
principal owners of Rethink Investment Group LLC Douglas F. Ray, Rick Segal, Jonathan L.
Winer and Michael E. Walden.
The Funds are privately offered investment vehicles, which are exempt from registration under the
Securities Act of 1933. The Funds are also exempt from registration under the Investment
Company Act of 1940 pursuant to Section 3(c)(1) or 3(c)(7) (i.e. all investors in the Funds qualify
as “Qualified
Purchasers”). The Funds are institutional vehicles whose investor base is limited to
qualified investors who meet the definition of an “accredited investor” under Rule 501 of
Regulation D of the Securities Act.
Rethink affiliated entities also serve as general partner or managing member of each Fund (each,
a “General Partner”). The Funds enter investment management agreements with Rethink’s
affiliates whereby Rethink’s affiliates oversee the acquisition, management, and disposition of
Fund assets.
Rethink generally neither tailors its advisory services to the individual needs of the investors in
the Funds (the “Investors”), nor accepts Investor-imposed investment restrictions. Each Fund has
a specific investment strategy and objective. Each Fund invests in one or more targeted, pre-
defined asset classes and certain Funds prescribe the types of vehicles through which investments
will be made by such Funds. Investment management advice provided by Rethink and its affiliates
to each Fund is tailored to meet the investment objectives and restrictions of each Fund.
Each of the Funds has an investment committee that is comprised of officers of Rethink and/or
other affiliated individuals. The relevant investment committee makes decisions regarding the
acquisition and disposition of portfolio companies and real estate properties for the Funds.
Rethink does not participate in wrap fee programs with its portfolio management services.
As of December 31, 2023, Rethink had approximately $ 2,588,555,000 in regulatory assets under
management of which $899,475,000 are managed on a discretionary basis and $1,689,080,000 are
managed on a non-discretionary basis.