Goblin House
Goblin House
Question: Investigate HPSP: Search SEC EDGAR for "Crescendo Equity Partners Form ADV". Would confirm SEC registration status and foreign holdings disclosure requirements that underpin the entire inferential claim. Report any findings as factual claims with dates and evidence.
Date: 2026-04-08
The research confirms that Crescendo Equity Partners Limited is registered with the SEC under CRD number 319233, establishing its regulatory status. However, the specific Form ADV filing contents and foreign holdings disclosures were not directly accessible through the search results. The investigation reveals significant confirmed connections between Peter Thiel and HPSP through Crescendo Equity Partners, which was established in 2012 with Thiel's sponsorship and co-founded by Thiel and CEO Ki-Doo Lee. Crescendo has maintained a controlling 40.9% stake in HPSP since 2017, transforming it into a global semiconductor equipment leader with a market cap of approximately $2.4 billion. The firm initiated the sale of its HPSP stake in 2025, attracting bids from major global private equity firms including KKR, Carlyle, and Blackstone, confirming the substantial value creation from this investment relationship.