Clayton, Dubilier & Rice, LLC

Clayton, Dubilier & Rice, LLC is a registered investment adviser specializing in providing investment advice to private equity funds. The firm was established in October 2009, succeeding Clayton, Dubilier & Rice, Inc., which was founded in 1978. The Adviser's investment strategy focuses on realizing long-term capital gains by investing in various types of securities and obligations of entities involved in buy-out transactions, recapitalizations, or requiring capital for operations or expansion. The firm primarily targets investments in business services, consumer/retail, financial services, healthcare, industrials, and technology sectors. The minimum commitment for Limited Partners in the Funds is generally $20 million, with the discretion to waive this requirement. The Adviser manages client assets totaling $82,154,594,131 on a discretionary basis as of December 31, 2024. The firm's fee structure includes a management fee calculated as a percentage of capital commitments, with certain fee reductions based on specific criteria. The Adviser has a Code of Ethics in place to ensure high standards of business conduct and fiduciary duty. Additionally, the firm has policies regarding brokerage practices, best execution, research benefits, and proxy voting. Overall, Clayton, Dubilier & Rice, LLC operates as a registered investment adviser with a focus on private equity investments, maintaining a governance structure with a consensus-based approach and a commitment to providing investment advice in the best interests of its Funds.