Overview
GF Capital Asset Advisors, LLC (“GF Capital”) is a Delaware limited liability company and principal
investment adviser registrant. GF Capital’s affiliated investment entities, GF Capital Asset Management,
LLC and GF Capital Private Equity Management, LLC (the “Managers”), are each registered with the SEC
as “relying advisers” on the basis of GF Capital’s registration. The Managers, through GF Capital, provide
“investment supervisory services” to their clients, which consist of private investment-related funds. GF
Capital was formed in 2005 and first registered with the SEC in February 2012 pursuant to the Dodd-Frank
Act. GF Capital is controlled by its manager and 100% owner, GF Capital Management & Advisors, LLC1.
GF Capital’s clients comprise the following private funds; (collectively, the “Funds”):
• GF Capital Private Equity Fund, L.P.
• GF Capital Private Equity Fund II, L.P.
• GF Edgecombe Ventures, LLC
• GF Capital CSE, L.P.
• GF P&B, L.P.
• GF Riverside Drive, L.P.
• GF Midtown East, L.P.
The Funds invest through negotiated transactions in operating companies or real estate assets. The
Managers’ investment advisory services to the Funds consist of, among other things, identifying and
evaluating investment opportunities, negotiating investments, managing and monitoring investments and
achieving dispositions for such investments. The respective offering documents for the Funds detail the
types of operating
companies or real estate assets in which each Fund may invest, and the Managers limit
their investments to those types of operating companies or real estate assets.
The Investments of GF Capital Private Equity Fund, L.P., GF Capital Private Equity Fund II, L.P., GF Capital
CSE, L.P. and GF P&B, L.P. (collectively, the “Private Equity Funds”) are made predominantly in non-
public companies and securities, although investments in public companies are permitted. The senior
principals or other personnel of the Managers or their affiliates typically serve on a portfolio asset’s board
of directors or otherwise act to influence control or management of the portfolio asset held by the Private
Equity Funds.
The Managers’ advisory services for the Funds are further described in the applicable private placement
memoranda and limited partnership agreements, as well as below under “Method of Analysis, Investment
Strategies and Risk of Loss” and “Investment Discretion.” Investors in a Fund participate in the overall
investment program for that Fund but may be excused from a particular investment due to legal, regulatory
or other applicable constraints.
1 Gary Fuhrman owns more than 25% of GF Capital Management & Advisors, LLC.
GF Capital does not participate in wrap fee programs.
The assets under management of GF Capital totaled $346,528,000 as of December 31, 2023. These assets are
managed on a discretionary basis. GF Capital does not manage assets on a non-discretionary basis.