H Partners Management LLC

H Partners Management, LLC, established in December 2004, specializes in managing two private funds for sophisticated investors. The firm predominantly focuses on concentrated portfolios of equity securities, high-yield securities, distressed instruments, and company obligations. With full discretionary trading authority over the funds, H Partners does not tailor its services to individual investor needs and manages approximately $639,948,204 in regulatory assets as of December 31, 2024. The minimum investment in the funds is $1,000,000, subject to waiver at the firm's discretion. H Partners charges a quarterly management fee ranging from 1% to 2% based on an investor's chosen withdrawal rights and earns an annual performance-based compensation of 20% of net profits. The firm has not disclosed any disciplinary information and does not compensate individuals for investor referrals. H Partners exercises full investment discretion over client accounts and has custody of client assets, subject to compliance with the Custody Rule. The firm's Proxy Voting Policies and Procedures are designed to ensure proxies are voted in the best interest of clients. Clients may request a copy of the firm's proxy voting policies and procedures.