KPS Capital Partners, LP

KPS Capital Partners, LP acts as investment manager to private pooled investment vehicles and affiliated management entities, overseeing approximately $19.08 billion on a discretionary basis as of December 31, 2025. Its clients are the Funds’ institutional and high‑net‑worth investors (trusts, pension plans, endowments and similar entities), and KPS does not provide non‑discretionary investment services to individual retail clients.

The firm concentrates on controlling equity and equity‑related investments in manufacturing and industrial companies — spanning basic materials, branded consumer, healthcare and automotive parts — and typically pursues corporate divestitures, carve‑outs, private transactions and restructurings. KPS integrates an in‑house Portfolio Operations Group to implement operational improvement plans and may use debt instruments (including to obtain control positions) as part of its investment strategy; all portfolio activity is managed in accordance with each Fund’s governing documents.

KPS operates through a network of affiliated managers and European sub‑managers (including Cayman Management, KPS Capital Germany GmbH, KPSNetherlandsManagement BV and KPS UK Management Ltd.) and maintains multiple international offices — headquartered in New York with affiliate offices in Chicago, Washington, D.C., Frankfurt, Amsterdam and London (eight offices in total). The Brochure also discloses regulatory and reporting considerations that are less typical for private equity‑focused managers — including references to CFTC/NFA filings and Form CPO‑PQR and Form CTA‑PR reporting — reflecting additional commodity‑related and regulatory activities addressed in its disclosure.