Overview
Duration Capital Partners LLC (collectively with our affiliates, the “Adviser,” “Duration” or “we”)
is a Delaware limited liability company formed in 2024 with its principal office in New York, New
York. The principal owners of Duration are Emmett McCann and Josh Connor (the “Principals”).
Pursuant to an anticipated transaction between the Principals and Oaktree Capital Management,
L.P. (together with its affiliates, “Oaktree”), Oaktree is expected to transfer and assign certain
general partner interests and advisory agreements to Duration and its applicable affiliates (the
“Transaction”). Additionally, as part of the Transaction, Oaktree is expected to hold a minority
interest in Duration and to retain its right to receive certain carried interest and incentive allocations
that it otherwise would have received but for the Transaction. Consummation of the Transaction
is subject to the consent of relevant Oaktree clients and such clients’ investors, as well as certain
other conditions precedent. After consummation of the Transaction, Duration expects to manage
and control certain transportation and transportation infrastructure investment vehicles and
accounts currently managed and advised by Oaktree with respect to which the Principals served as
co-portfolio managers during their tenure at Oaktree and any new investment funds and accounts
that will be sponsored by Duration in the future (each, a “Fund” and, collectively, the “Funds”).
Duration generally intends to provide discretionary investment advisory services to the Funds, and
each Fund is expected to be managed by one or more of Duration’s
affiliates to act as general
partner (each, a “General Partner”).
Duration has broad discretion to invest in a variety of strategies, and the Funds are generally
expected to seek their investment objectives primarily by making investments in corporations,
partnerships, limited liability companies and other similar entities that focus primarily on the North
American transportation and transportation infrastructure industry. Duration’s advisory services
for the Funds are detailed in each Fund’s private placement memorandum (each, a
“Memorandum”) and each Fund’s agreement of limited partnership (with respect to each Fund,
and together with the applicable Memorandum, the “Governing Documents”). The individuals
and other persons that invest in the Funds are generally referred to herein as “Investors” or
“Limited Partners.” The General Partner and the Investors or Limited Partners are sometimes
referred to collectively as the “Partners.”
Duration does not currently have any assets under management but expects to have assets under
management in excess of $100 million within one hundred twenty (120) days of being approved
as a registered investment adviser with the SEC. In accordance with Rule 203A-2(c) of the
Investment Advisers Act of 1940, as amended (the “Advisers Act”), Duration intends to update
this Form ADV Part 2A (along with the Form ADV Part 1) to reflect, among other things, its
regulatory assets under management within 120 days of registration to indicate that it has met the
asset eligibility requirements for registration with the SEC.