Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
ASI Capital, LLC ASI Capital, LLC ("ASIC") is an alternative asset pooled investment vehicle. ASIC is closed to new investors. SkiHawk Capital provides investment management as the investment advisor. The principals of SkiHawk Capital also hold a direct ownership interest in ASIC. ASIC offers investors an advantage with its actively managed pool of direct investment assets. Investors receive fixed yield return with an uncorrelated pool of alternative assets as collateral. ASIC activities are accounted for in the activities of TCG.. BUPP Holdings, LLC Mr. Clement M. Borkowski and Mr. Sean A. Hawkins, also own BUPP Holdings, LLC (formerly a dba "PartnersHealth") ("BUPP"). BUPP was a Business development company for healthcare providers (hospitals, surgery centers, etc.). The dba of PartnersHealth and associated activities of BUPP are now provided by The Convergence Group an affiliated company. BUPP currently operates as a holding company only. Mr. Clement M. Borkowski and Mr. Sean A. Hawkins have received compensation from BUPP through salary and ownership distributions. This creates a conflict of interest in that the Advisor can earn additional fees from clients by recommending they use the services of this entity. Clients of SkiHawk Capital are not required to invest in BUPP. BUPP has no active business operations. Season Investments, LLC Mr. Clement M. Borkowski and Mr. Sean A. Hawkins, Investment Advisor Representative of SkiHawk Capital could also be considered affiliated with Season Investments, LLC through ASIHCP. SkiHawk Capital provides investment management as the investment adviser to ASIHCP and Season Investments, LLC is a sub-adviser, to the ASIHCP fund. SkiHawk Capital receives no compensation from Season Investments, LLC and there is no common ownership between the two firms. Aegis Group, LLC. Mr. Clement M. Borkowski and Mr. Sean A. Hawkins, Investment Advisor Representative of SkiHawk Capital ("Owners") are also indirectly minority owners in Aegis Group, LLC ("Aegis"). Aegis is a commercial insurance firm specializing in commercial property, liability, errors & omissions, medical malpractice, and other commercial insurance products. Clients of SkiHawk Capital are not required to use Aegis products. SkiHawk Capital does recommend Aegis to portfolio companies of the pooled investment vehicles and private funds they advise. The Owners are not active participants of Aegis and Aegis is expected to compete in the open market when recommended. These activities take up approximately 1% of the Owners time. Tower Realty Partners, Ltd ("Tower") Mr. Clement M. Borkowski and Mr. Sean A. Hawkins, Investment Advisor Representative of SkiHawk Capital indirectly own a minority interest and hold board seats in Tower Realty Partners, Ltd ("Tower"). Tower is a full service commercial real estate brokerage firm. Clients of SkiHawk Capital are not required to use Tower services. SkiHawk Capital has recommended Tower services to portfolio companies of the pooled and private funds SkiHawk Capital advises. These activities take up approximately 1% of our time.