Saybrook Advisors, LLC

Saybrook Advisors, LLC, established in June 2003, specializes in making special situations credit investments in lower middle market companies. The firm's Funds invest in companies facing operational or capital structure complexities that hinder traditional financing access, aiming to capitalize on undervalued opportunities. The firm's investment strategy focuses on special situations debt and equity investments in middle market companies within various sectors. Saybrook operates as a registered investment adviser, providing advisory services to its Funds, targeting clients with a minimum investment commitment of $5.0 million. The firm receives management fees based on a negotiated schedule, typically at an annual rate of 2% during the investment period and 1.75% post-investment period. Saybrook's investment discretion is tailored to each Fund's objectives, as outlined in the Governing Documents. The firm does not participate in wrap fee programs and manages client assets on a discretionary basis, with approximately $241 million Regulatory Assets under Management as of December 31, 2021. Saybrook's investment philosophy focuses on deep value opportunities in distressed middle-market companies, utilizing fundamental analysis and an activist approach to restructuring. The firm's investment strategy aims to balance downside protection with equity-like returns, emphasizing disciplined investing and value gaps in distressed or capital-constrained companies. Saybrook's due diligence process involves third-party industry experts and thorough risk management practices to mitigate potential risks associated with its investment strategies.