Trp Capital Advisors, LLC

TRP Capital Advisors, LLC is a registered investment adviser established in 2015, specializing in providing investment advisory services to a private equity fund, TRP Capital Partners, LP, focusing on portfolio companies in the transportation industry. The firm's owners are David R. Mitchell, Steven G. Carrel, and Michael A. DiRienzo. TRP Capital Advisors charges a 2.0% management fee to TRP Capital Partners, LP, with certain co-investment vehicles not currently charged a management fee. The firm may negotiate different fee arrangements with investors. Assets under management as of December 31, 2024, totaled $94,239,593, with discretionary assets comprising the entire amount. The firm does not participate in wrap fee programs and does not have custody of the Fund's assets. TRP Capital Advisors exercises investment discretion for the Fund, with investment decisions limited by the terms outlined in the Fund's Limited Partnership Agreement. The firm has a Code of Ethics in place to manage personal securities transactions and ensure compliance with federal securities laws. Quarterly portfolio updates and financial statements are provided to clients, with annual audited financial statements and tax documents delivered to Limited Partners. The firm does not receive compensation from non-clients, and it may pay referral fees for client introductions. The Registrant has not been subject to any legal or disciplinary events.