Pacific Lake Partners, LLC

Pacific Lake Partners, LLC, established in July 2009, is a private equity firm specializing in search funds and long-term hold funds. The firm focuses on acquiring and managing small-cap companies through search fund entrepreneurs and provides advisory services to long-term hold funds targeting successful CEOs. Pacific Lake manages client assets of $2,138,412,810 on a discretionary basis as of December 31, 2024. The firm charges management fees ranging from 1.00% to 2.50% per annum based on committed or invested capital. Performance-based fees, or Carried Interest, equal 20% of realized gains. Pacific Lake acts as a fiduciary and tailors investment advice to each fund's objectives. The firm's investment strategies include investing in search funds, operating companies, and long-term hold funds. Risks associated with investments include market fluctuations, lack of diversification, and dependence on entrepreneurs. Pacific Lake has no disciplinary information to disclose and maintains a Code of Ethics for Access Persons. The firm compensates a placement agent on a flat fee basis for new relationships. Pacific Lake has custody of fund assets and reviews investments continuously. The firm exercises investment discretion on behalf of clients and votes proxies in the best interests of the funds. Pacific Lake does not require prepayment exceeding $1,200 and has no financial conditions impairing contractual commitments.