Overview of RedBird Capital Partners Management LLC 
RedBird Capital Partners Management LLC (“RedBird”) is a Delaware limited liability company 
that  was  formed  in  July  2013  and is an investment adviser  registered  with  the  SEC,  effective 
November 25, 2013.  The principal owner of RedBird is RedBird  Capital  Partners  Alternative 
Holdings  LLC  (“RCPAH”).  RedBird  Holdings  Carry Vehicle  LP  (“RHCV”)  is  the  principal 
owner of RCPAH, and RedBird Capital Partners L.P. (“RCP”) serves as the managing member of 
RCPAH. 
As of the date of this Brochure, Gerald J. Cardinale is the principal owner and managing member 
of RHCV  and  principal owner of  RCP. Mr.  Cardinale  is  RedBird’s  Chief  Executive  Officer  and 
Managing  Partner (the “Managing Partner”), and he also serves as RedBird’s Chief Investment 
Officer. 
RedBird provides discretionary investment advisory services to pooled investment vehicles which 
are  operated  as  private  equity  funds (each, a “Fund” and collectively, the “Funds”),  certain  of 
which are managed as co-investment, alternative investment vehicles and special purpose vehicles 
(each a “COI” and collectively, the “COIs”) to invest in one or more particular investments.  Each 
of the Funds is organized as a Delaware limited partnership or limited liability company, and the 
General Partner  to  each  such  Fund  (the  “GP”)  is  a  related  person  of  RedBird  and  is  under 
common control  with  RedBird.  RedBird  may  establish  additional  Funds  in  the  future  (and 
anticipates doing so). 
RedBird also provides investment advisory services to RedBird IMI Media Joint Venture, LLC (the 
“JV”)  which was formed to  make  investments  in the media sector. The JV is organized as a 
Delaware limited liability company  While RedBird is not authorized to make investment or 
divestment decisions on behalf of the JV, RedBird has been granted certain administrative functions 
by the JV’s Board of Managers pursuant to a services agreement with the JV (the “Services 
Agreement”) and has been delegated by the Board of Managers certain administrative functions 
relating to the JV’s investments.   RedBird expects to direct capital from one or more of the Funds 
into the JV consistent with the Governing Documents of the JV. 
As of the date of this Brochure, the Funds (excluding the COIs and JV) include: 
•  RedBird Capital Partners Platform LP (the “RCP Platform”) 
•  RedBird Capital Partners Fund I LP (the “RCP Fund I”) 
•  RedBird Capital Partners Fund II LP (the “RCP Fund II” and collectively with RCP 
Platform and RCP Fund I, the “RedBird Group”) 
•  RedBird Series 2019 LP (the “RCP Fund III”) 
•  RedBird Capital Partners Fund IV (Master), L.P. (the “RCP Fund IV”) 
Certain affiliates and/or related persons of RedBird, which include (among other persons) officers 
and  employees  of  the  firm,  invest  on  generally  a  pro  rata  basis  either (i)  alongside  the  RedBird 
Group and the RCP Fund III through certain COIs (each, a “GP COI” or together, the “GP COIs”) 
or (ii) into a dedicated COI (“RB Fund IV Founder LP”) that invests indirectly into RCP Fund IV, 
in each case subject to certain adjustments as set forth in the applicable Governing Documents (as 
defined below).    
RedBird allocates investment opportunities to the Funds and the JV in accordance with its investment 
allocation policy. The RedBird Group will generally invest on a pro rata basis, according to each 
such Fund’s capital commitment and subject to certain adjustments (including whether a given client 
has available commitments and is still eligible to participate in new investments), as set forth in the 
applicable  Governing  Documents (as defined below).  RCP Fund III and RCP Fund IV will also 
invest in accordance with the terms in its applicable governing documents (together with the RedBird 
Group and JV governing documents, the “Governing Documents”), which  generally  include  the 
respective  Fund’s  limited  partnership  agreement, the JV’s limited liability company agreement, 
co-invest agreement  and/or  the  investment  management  agreement  between  the  applicable Fund 
and RedBird. Certain investment opportunities suitable for the JV and a Fund will, with the consent 
of the JV’s Board of Managers, be made by the JV with such Fund obtaining exposure to such 
investment through an investment in the JV.  Investors in RCP Fund I, RCP Fund II, RCP Fund III, 
and RCP Fund IV  should also refer to the applicable Fund’s  private placement  memorandum, 
including  any  amendments  or  supplements  thereto  and/or  any  other  disclosure documentation, as 
applicable (the “Disclosure Documents”), for details relating to each Fund’s operation. 
RedBird intends to form additional Funds or  COIs to invest in one or more particular investments 
in addition to advising the existing Funds. Fund investors and other persons may make such co- 
investments with any Fund, on terms and conditions that are materially different from each other 
and the investment by the particular Fund with which such investors are co-investing. Such COIs 
have in the
                                        
                                        
                                             past been charged, and are expected to be charged in the future, the fees described below 
in  Item  5  or  may  be  subject  to  different  fee amounts  and/or  terms.  RedBird  or  the  applicable 
GP may offer co-investment opportunities to some investors and not others.  
Advisory Services 
RedBird serves as investment adviser to the Funds and invests the Funds’ assets on a discretionary 
basis and the JV’s assets on a non-discretionary basis.  Specifically, the Managing Partner, serving as 
RedBird’s Chief Investment Officer, is responsible for the development and execution of the Funds’ 
investment activities, in consultation with RedBird’s investment team.  RedBird, on behalf of the 
Funds, employs an integrated investment approach generally focusing on corporate growth equity 
opportunities.  RedBird identifies, sources and investigates potential investment opportunities for 
the  Funds which will generally invest in accordance with, and subject to certain adjustments set 
forth  in,  the  applicable  Governing  Documents.  RedBird will primarily source proprietary 
investments through its global network of family offices and entrepreneurs across industry verticals, 
capital structures and geographies. Refer to Item 8 of this Brochure for further details regarding 
RedBird’s investment strategy. 
In October 2014, RedBird established a partnership arrangement with an investor (the “Strategic 
Investor”),  which  is  structured  through  the  RCP  Platform,  in  which  the  Strategic  Investor  has 
made a significant capital commitment. RedBird maintains that its partnership with the Strategic 
Investor  is  predicated  on  a  shared  investment  philosophy. Refer  to  Item  8  and  Item  11  for 
additional information about RedBird’s relationship with the Strategic Investor. 
Investors  are  provided  with  materials,  including  (among  other  documents)  the  applicable 
Governing  Documents  and  Disclosure  Documents  (as  applicable),  prior  to  making  capital 
commitments to a Fund. RedBird (together with the applicable GP) has discretion to manage the 
investment program of the Funds, subject to the investment guidelines and restrictions set forth in 
the Governing Documents. 
RedBird  and/or  the  applicable  GP  may  enter  into  side  agreements  with  individual  investors, 
which may include, among other things, provisions permitting an investor to opt out of particular 
investments,  discounting  an  investor’s  management  fee,  carried  interest  and/or  other  fees,  or 
granting an investor preferential rights with respect to co-investment opportunities. 
RedBird may retain with respect to certain Funds, on its own behalf or on behalf of a portfolio 
company(ies) or the applicable Fund, advisors, consultants, and other service providers to perform 
capital raising,  advising,  consulting,  financing  and  other  services (excluding investment 
management services).  RedBird may determine that an affiliate should be retained to provide such 
services  (the “Affiliated Services”), in which case such affiliate would be entitled to receive as 
compensation  for  its  services  a  fee  payable  by the Fund or the applicable portfolio company 
(“Special Fee”).  The Affiliated Services are expected to include certain RedBird advisory teams, 
secondees and subsidiaries of  RCP, RCPAH,  and  RedBird’s management company with which 
RedBird expects to partner in the sourcing, development and ongoing management of existing and 
future investment opportunities pursued through the applicable Fund or otherwise. Certain Affiliated 
Services will be provided by Art & Science Partners, Inc. or its wholly-owned subsidiary, RedBird 
Development Group LLC (collectively, “Art & Science”), with a primary purpose of being able to 
provide marketing and creative services to certain portfolio companies. Art & Science will charge 
applicable Funds, such portfolio companies and such affiliates Special Fees for these services and 
any related expenses and such fees (including, in some cases, in the form of non-cash equity-based 
compensation) and expense reimbursements received by Art & Science or its employees will only 
be shared with certain of the Funds depending on the Governing Documents of such Funds. Refer 
to Items 5 and 11 of this Brochure for further details regarding Affiliated Services, including services 
provided by Art & Science and secondees, and Special Fees. 
It should also be noted that the RCP Fund I, RCP Fund II, RCP Fund III, and RCP Fund IV each 
have the authority to constitute an Advisory Board (each an “Advisory Board”) that is comprised 
of a select group of limited partners who will meet periodically to provide advice, oversight and 
approval of certain aspects of the applicable Fund’s investment activities as set out in the applicable 
Governing Documents. Refer to Item 11 of this Brochure for further details regarding the Advisory 
Board. 
RedBird does not participate in wrap fee programs. 
Regulatory Assets Under Management 
As of December 31, 2023, RedBird manages approximately $8,263,653,629 of regulatory assets on 
a discretionary and non-discretionary basis.