Broadcrest Asset Management, LLC

Broadcrest Asset Management, LLC, established in June 2015, is a registered investment adviser specializing in managing private funds exempt from registration under the Investment Company Act of 1940. The firm's investment objective is to achieve long-term capital appreciation by acquiring investments at a discount to intrinsic value. As of December 31, 2024, Broadcrest had $458,407,407 in assets under management, all on a discretionary basis. Clients are pooled investment vehicles (the Funds), and compensation is received through annual management fees. Broadcrest may charge performance-based fees, aligning employee interests with fund performance. The firm's investment strategy focuses on cash returns, competitive advantages, and owner/operator management, aiming to mitigate risk through discounted investments. Broadcrest conducts thorough research and analysis, emphasizing intrinsic value and risk management. The firm discloses potential risks associated with equity markets, illiquid investments, leverage, regulatory changes, and concentration of holdings. Broadcrest has not faced any disciplinary events, and its associates actively participate in portfolio companies. The firm has a Code of Ethics, brokerage practices emphasizing best execution, and custody policies compliant with regulatory requirements. Broadcrest exercises investment discretion for the Funds and votes client securities in their best interests. The firm maintains financial stability and does not require prepayment of fees beyond six months.