Pear Tree Partners, Lp

Pear Tree Partners, LP, also known as U.S. Boston Growth Capital, is a Registered Investment Adviser providing management services to private funds, including Focus Funds and Venture Funds. The firm has been in business for approximately 20 years. Focus Funds are special purpose vehicles investing in private debt and/or equity securities of single privately held companies, while Venture Funds invest in equity securities of multiple portfolio companies. The firm's principal owners are Willard Lee Umphrey and John Drew McClellan. Pear Tree offers tailored advisory services to its clients and has discretionary control over assets, with approximately $100,005,858 under management as of June 30, 2024. Regarding fees, Focus Funds do not charge an ongoing management fee, while Venture Funds charge a management fee ranging from 1.00-2.00%, with an affiliate of Pear Tree receiving carried interest of 20%. Other fees may include closing fees, monitoring, director's fees, and consulting fees. Pear Tree and its supervised persons may invest in Portfolio Companies, with compensation received based on the investments made. The firm's investment strategy involves private placements of debt and equity securities in early and expansion stage companies, with a focus on fundamental analysis. The investment risks are high, including illiquidity and speculative nature of investments. Pear Tree has no disciplinary actions to disclose and provides custody of securities held by each Private Fund. The firm's investment discretion is outlined in each Private Fund's agreement. Clients can access the firm's Form ADV and Brochure on the SEC's website.