P2 Capital Partners, LLC

P2 Capital Partners provides discretionary investment management exclusively to pooled private funds and single-investor funds, managing approximately $824.4 million on behalf of institutional and qualified investors such as pension plans, endowments, foundations, corporations, trusts and high-net-worth individuals. The Private Funds are typically organized as Delaware and Cayman vehicles and often operate through master-feeder structures with an affiliated P2 Fund GP acting as general partner or manager.

P2 pursues a private equity-style approach to investing in primarily small-cap public and private companies, describing its strategy as research-intensive, concentrated, long-term, value-oriented, active and management-friendly. The firm focuses on acquiring significant ownership stakes and, where appropriate, leading private equity transactions (including going-private buyouts), and it accommodates large investors through bespoke partnership or share classes and side-letter arrangements.

Distinctive features disclosed in the Brochure include the firm’s provision of predecessor performance information alongside its stated founding and investing start in 2007, and its explicit acknowledgment that certain investors (generally employees) may invest through separate share classes that are not charged management or performance fees. The Brochure also highlights governance and operational specifics that are more detailed than typical for peers — for example, comprehensive personal trading restrictions, pre-clearance requirements, and extended disclosures about risks related to artificial intelligence and machine learning.