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Terms of Use

This website is for informational purposes only. By accessing this website, you acknowledge that the content of this website is not intended as an offer to buy or sell any securities or any related services. An offer will be made only through a confidential offering memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor.

The Hirschmann Partnership LP (the “Fund”) began operating on October 1, 2014. The Fund’s principal objective is to achieve positive market returns primarily through fundamental analysis of small- and micro-cap equities in U.S. and foreign markets. Hirschmann Capital LLC (the “General Partner”) seeks to achieve the Fund’s investment objective by identifying equities that are trading at large discounts to actual value. The Fund invests primarily in small- and micro-cap equities in U.S. and foreign markets but also invests in other securities, bonds, commodities and derivatives. An investment in the Fund should be considered a long-term investment.

The information contained herein reflects the opinions and projections of the General Partner on the publication date. The opinions and projections are subject to change without notice at any time. The General Partner does not represent that any opinion or projection will be realized. All information provided is for information only and is not investment advice or a recommendation to purchase or sell any specific security. The General Partner has an economic interest in the securities discussed on this website, but the General Partner’s economic interest is subject to change without notice. While the information presented herein is believed to be reliable, no representation or warranty is made concerning the accuracy of any data presented. 

Securities discussed on this website may not remain in the Fund’s portfolio when you view the website and securities sold may have been repurchased. The securities discussed may not represent the Fund’s entire portfolio. Do not assume any of the securities discussed were or will be profitable. Do not assume that future investment decisions will be profitable or will equal the investment performance of the securities discussed. Past results are no guarantee of future results. No representation is made that an investor is likely to achieve results similar to those shown. All investments involve risk including the loss of principal.

Performance results shown are for the Hirschmann Partnership LP and are presented net of all fees, including performance allocation, brokerage commissions and other operating expenses of the Fund. Net performance includes the reinvestment of all dividends, interest, and capital gains. The General Partner does not receive any asset-based management fees. For each Class A Limited Partner, the General Partner is allocated a performance allocation equal to 25% of the amount by which the increase in net asset value exceeds a 6% annualized hurdle rate. For each Class B Limited Partner, the General Partner is allocated a performance allocation equal to 33% of the amount by which the increase in net asset value exceeds the S&P 500 Index. 

In practice, the performance allocation is earned annually or upon a withdrawal from the Fund. Because some investors may have different fee arrangements and depending on the timing of a specific investment, net performance for an individual investor may vary from the net performance as stated herein. 

This website refers to indices such as the S&P 500 and MSCI World. Reference to an index does not imply that the Fund will have returns, volatility or other characteristics similar to the index. The indices only contain equities while the Fund may invest in other securities. The Fund is significantly more concentrated than the indices and may experience higher volatility. You cannot invest directly in the indices.

An investor should consider a private fund’s investment objectives, risks, fees and expenses carefully before investing. Private funds may not be registered under the Investment Company Act of 1940, as amended, in reliance on certain exceptions thereunder. Interests in private funds may not be registered under the Securities Act of 1933, as amended, or under the securities laws of any state. Interests in private funds are typically not listed on an exchange, and there may be no secondary markets for such interests. Private funds are speculative investments, and are not suitable for all investors, nor do they constitute a complete investment program.

By accessing this website, you further acknowledge that we are not utilizing the site to provide investment or other advice, and nothing on the site is to be deemed a recommendation that you buy, sell or hold any security or other investment or that you pursue any investment style or strategy. Case studies are likewise included for informational purposes only and are provided as a general overview of our general investment process, and not as indicative of any investment experience. There is no guarantee that the case studies discussed here are completely representative of our strategies or of the entirety of our investments, and we reserve the right to use or modify some or all of the methodologies mentioned herein.

This website contains forward-looking statements, which reflect our current views with respect to, among other things, the market. You can identify these forward-looking statements by the use of words such as “outlook,” “believe,” “expect,” “potential,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate” or the negative version of these words or other comparable words. Forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

All content included on this website, such as graphics, logos, articles and other materials, is the property of Hirschmann Capital or others and is protected by copyright and other laws. All trademarks and logos displayed on this website are the property of their respective owners, who may or may not be affiliated with Hirschmann Capital. Nothing contained on this website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any content or trademark displayed on this site without the written permission of Hirschmann Capital or such other third party that may own the content or trademark displayed on this site.

We have compiled this website in good faith and while we use reasonable efforts to include accurate and up-to-date information on this website, the website is provided on an “as is” basis with no warranties of any kind. We do not warrant that the information on the website is accurate, reliable, up to date or correct.

You should be aware that the internet, being an open network, is not secure. If you choose to send any electronic communications to us by means of this website (whether by means of email or otherwise), you do so at your own risk. Hirschmann Capital cannot guarantee that such communications will not be intercepted or changed or that they will reach the intended recipient safely. We will endeavor to use reasonable measures to ensure that this website is reasonably secure. However, we cannot guarantee that any information displayed on this website has not been interfered with or without our consent.

We do not guarantee that the website, applications or other materials on or associated with this website will be free from viruses (including, without limitation, spyware, malicious software, trojan horses and harmful code).

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