Lincoln Peak Capital Management, LLC

Lincoln Peak Capital Management, LLC, established in 2008, specializes in providing investment advisory services to private funds focusing on equity investments in asset management firms. The firm manages $660,703,770 in regulatory assets under management on a discretionary basis. Clients typically invest between $500,000 and $1,000,000, with the option for the General Partner or Manager to waive minimums. Fees vary among Funds, with management fees based on capital commitments and carried interest allocated to the General Partner or Manager. The firm's investment strategy involves minority investments in growing asset management businesses, aiming to enhance alignment and provide capital and expertise for ownership transitions. Lincoln Peak acknowledges potential conflicts of interest related to performance-based compensation and actively manages these conflicts to prioritize client interests. Clients receive regular account statements, updates, and audited financial statements. The firm maintains custody of Fund assets and exercises investment discretion, with clients required to execute subscription and partnership agreements. Proxy voting is conducted in the best interests of the Funds, with voting records available upon request. Lincoln Peak has no disciplinary events, compensates no one for client referrals, and does not participate in wrap fee programs. The firm's financial condition is sound, with no recent bankruptcy filings or impairments to meeting client commitments.