Kinzie Capital Partners LP is a Chicago-based investment adviser that provides strategic private equity
services focused on lower-middle market companies amidst transition in the manufactured products,
business services and consumer industries. Kinzie Capital Partners LP previously operated under the name
of Kinzie Capital Partners LLC; Kinzie Capital Partners LP filed a Certificate of Conversion with the
Secretary of State of Delaware on September 19, 2022, to officially change its corporate designation. Kinzie
is principally owned by Suzanne Yoon and David Namkung.
Kinzie serves as an investment adviser to Kinzie Fund II L.P. and Kinzie Fund II-A L.P. (collectively,
“Fund II”), Kinzie Co-Invest Fund L.P. (the “Co-Invest Fund”), and certain other vehicles as further
described herein below. The Co-Invest Fund is exempt from registration under the Investment Company
Act of 1940, as amended (the “Investment Company Act”), pursuant to Section 3(c)(1) of the Investment
Company Act. Fund II is exempt from registration under the Investment Company Act, pursuant to Section
3(c)(7) of the Investment Company Act.
Kinzie Capital Management LLC, an affiliate of Kinzie Capital Partners LP, is listed as a relying adviser
on Form ADV.
Pursuant to the position expressed in the American Bar Association SEC No-Action Letter (January 18,
2012) (“ABA No-Action Letter”), this brochure describes the advisory services provided by Kinzie Capital
Partners LP as a filing adviser and the general partners, which collectively operate as a single advisory
business together:
Kinzie Capital LLC (the “Co-Invest Fund GP”)
Kinzie Capital II L.P. (the “Fund II GP,” and together with the Co-Invest Fund GP, the “General
Partners”)
Kinzie Capital Partners LP (the “Manager”)
Kinzie Capital Group LLC
The limited partnership agreements of Co-Invest Fund and Fund II allow the General Partners of Co-Invest
Fund and Fund II to establish one or more co-investment vehicles (each, a “Co-Investment Vehicle” and
collectively the “Co-Investment Vehicles”) to facilitate additional investments by certain investors
in some
or all of the investments made by the Funds. Co-Investment Vehicles are generally structured as limited
partnerships, limited liability companies or other similar entities. In addition, Kinzie advises on one or more
non-fund investment vehicles (“Non-Fund Investment Vehicles,” and together with Co-Invest Fund, Fund
II, the Co-Investment Vehicles and the Non-Fund Investment Vehicles, the “Funds”) which are outside the
parameters of the Co-Invest Fund’s and Fund II’s strategy, with other third-parties. Kinzie advises such Co-
Investment Vehicles and Non-Fund Investment Vehicles, and the Co-Invest Fund GP currently serves as
the manager and carried interest vehicle to each such Co-Investment Vehicle and Non-Fund Investment
Vehicle. The Co-Investment Vehicles and the Non-Fund Investment Vehicles are exempt from registration
under the Investment Company Act pursuant to Section 3(c)(1).
Investment advice is provided directly to each Fund itself and not to the individual investors in the Funds.
Kinzie tailors its advisory services to the individual needs of each Fund but not to the individual needs of
underlying investors. Kinzie manages all of the Funds in accordance with the investment objectives and
limitations set forth in each Funds’ offering memoranda, limited liability company agreement, limited
partnership agreement, governing documents, subscription agreements, side letters, and any investment
management agreement between Kinzie and the Fund (“Operative Documents”). Any capitalized terms
used herein without definition are defined in the Operative Documents. The advice provided by Kinzie and
its employees is limited to the types of investments described in the Operative Documents.
The limited partners in Co-Invest Fund and Fund II and the members in the Co-Investment Vehicles and
Non-Fund Investment Vehicles may hereinafter be referred to as “Investors”.
Kinzie does not participate in wrap fee programs.
As of December 31, 2023, Kinzie managed approximately $232,010,223 of regulatory assets on a
discretionary basis. Kinzie does not manage any investments on a non-discretionary basis.