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Adviser Profile

As of Date 05/08/2024
Adviser Type - Large advisory firm
Number of Employees 9 12.50%
of those in investment advisory functions 9 12.50%
Registration SEC, Approved, 8/2/2021
Other registrations (1)
Former registrations

GCP MANAGEMENT COMPANY, LLC

AUM* 895,750,366 59.95%
of that, discretionary 895,750,366 59.95%
Private Fund GAV* 895,750,367 -12.96%
Avg Account Size 59,716,691 70.62%
SMA’s No
Private Funds 15 1
Contact Info (31 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
667M 572M 477M 381M 286M 191M 95M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count15 GAV$895,750,367

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Brochure Summary

Overview

Growth Catalyst Partners, L.P. (together with its fund general partners (unless otherwise specified), (“GCP” or the “Firm”)), is a private equity firm that focuses on buyouts of information, marketing and tech-enabled services businesses headquartered in North America. Formed in 2017 (with an initial investment via a predecessor entity in 2015), GCP has offices in both Chicago and Rowayton, Connecticut GCP serves as the investment adviser for, and provides discretionary investment advisory services to, private funds and co-investment special purpose funds established to invest alongside a fund in a single portfolio company. Specifically, GCP provides investment management services to the following main funds: Growth Catalyst Partners I, L.P. and Growth Catalyst Partners I-A, L.P. (together, “Fund I”); Growth Catalyst Partners II, L.P. and Growth Catalyst Partners II-A, L.P. (together, “Fund II”); Growth Catalyst Partners III, L.P. and Growth Catalyst Partners III-A, L.P. (together, “Fund III” and together with Fund I and Fund II, the “Main Funds”). GCP also provides discretionary investment advisory services to GCP Executive Partner Fund I, L.P., GCP Executive Partner Fund II, L.P. and GCP Executive Partner Fund III, LP (together, the “Executive Funds”) and to co-investment special purpose funds established to invest alongside a fund in a single portfolio company (each, a “Co-Investment Fund” and collectively with the Main Funds and the Executive Fund, the “Funds” unless the context otherwise requires). In certain circumstances, as more fully described in Item 7 below, the Firm also permits certain limited partners and third-party investors to co-invest alongside a Fund directly into a portfolio company. Unlike the Co-Investment Funds mentioned above, such direct co-investments are not considered Funds or clients of GCP. Each Fund is affiliated with a general partner (each, a “General Partner,” and collectively, together with any future affiliated general partner entities, the “General Partners”) with authority to make investment decisions on behalf of the Funds. The General Partners are deemed registered under the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder (“Advisers Act”), pursuant to GCP’s registration in accordance with SEC guidance. While the General Partners maintain ultimate authority over the respective Funds, GCP has been designated the role of investment adviser. For more information about the Funds and General Partners, please see GCP’s Form ADV Part 1, Schedule D, Section 7.A. and Section 7.B.(1). GCP provides investment advisory services as a private equity fund manager to its Funds. The Funds invest through privately negotiated transactions in operating companies, generally referred to as “portfolio companies”, in the information, marketing and tech-enabled services businesses. Each portfolio company has its own independent management team responsible for managing its day-to-day operations, although (i) members of GCP or representatives appointed by the Firm are expected to serve on the boards of such portfolio companies and will therefore have a significant impact on the long-term direction of the company, including the selection of management team members
and (ii) in some cases, GCP will more directly influence the day-to- day management of a portfolio company by recruiting and installing certain individuals in various leadership roles, such as chief executive officer, chief operating officer, chief financial officer or in other roles. GCP’s 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 of such investments. Investments are made predominantly in nonpublic companies, although investments in public companies are permitted in certain instances. GCP’s investment advice and authority for each Fund is tailored to the investment objectives of that Fund; GCP does not tailor its advisory services to the individual needs of limited partners in its Funds. The Fund investment objectives are described, as applicable, in the private placement memorandum, limited partnership agreement, subscription agreements, investment advisory agreements, side letter agreements and other governing documents of the relevant Fund (collectively, “Governing Documents”) and limited partners determine the suitability of an investment in a Fund based on, among other things, the Governing Documents. The Firm does not seek or require limited partner approval regarding each investment decision. Fund limited partners generally cannot impose restrictions on investing in certain securities or types of securities, other than through side letter agreements. Limited partners in the Funds participate in the overall investment program for the applicable Fund and generally cannot be excused from a particular investment except in certain circumstances pursuant to the terms of the applicable Governing Documents. In accordance with industry common practice, GCP has entered into side letters with certain limited partners including those who make substantial commitments of capital or were early-stage limited partners in the Funds, or for other reasons in the sole discretion of GCP in each case that have the effect of establishing rights under, or altering or supplementing, a Fund’s Governing Documents. Examples of side letters entered into include co-investment preferences, certain fee arrangements, notification provisions, reporting requirements and “most favored nations” provisions, among others. These rights, benefits or privileges are not always made available to all limited partners nor in some cases are they required to be disclosed to all limited partners, consistent with general market practice. Side letters are negotiated at the time of the relevant limited partner’s capital commitment, and once invested in a Fund, limited partners generally cannot impose additional investment guidelines or restrictions on such Fund. There can be no assurance that the side letter rights granted to one or more limited partners will not in certain cases disadvantage other limited partners. GCP does not participate in wrap fee programs. Principal Owners/Ownership Structure GCP is ultimately owned by Managing Partners Jim TenBroek and Scott Peters. Regulatory Assets Under Management As of December 31, 2023, GCP managed approximately $895,750,366 in Fund regulatory assets, all managed on a discretionary basis.