Monomoy Capital Management, L.P.

Allegations: THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED THAT, FROM APRIL 2012 THROUGH DECEMBER 2016, MONOMOY CAPITAL MANAGEMENT, L.P. ("MONOMOY") OBTAINED REIMBURSEMENT FROM MONOMOY CAPITAL PARTNERS II, L.P., MCP SUPPLEMENTAL FUND, L.P. AND MONOMOY CAPITAL PARTNERS AIV II, L.P. (COLLECTIVELY, "FUND II") FOR SERVICES THAT WERE PROVIDED BY THE MONOMOY OPERATING TEAM TO PORTFOLIO COMPANIES OF FUND II WITHOUT FULLY DISCLOSING THE PRACTICE OR RELATED CONFLICTS. Status: Final Sanction Detail: A QUALIFIED SETTLEMENT FUND HAS BEEN CREATED AND FUNDED FOR THE FULL AMOUNT OF THE DISGORGEMENT, PREJUDGMENT INTEREST, AND CIVIL MONETARY PENALTY. Summary: ON MARCH 26, 2020, MONOMOY, WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, SIGNED A SETTLEMENT OFFER WITH THE SEC. THE SEC APPROVED THE SETTLEMENT IN ITS ORDER INSTITUTING ADMINISTRATIVE CEASE-AND-DESIST PROCEEDINGS PURSUANT TO SECTIONS 203(E) AND 203(K) OF THE INVESTMENT ADVISERS ACT OF 1940, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND A CEASE AND DESIST ORDER (THE "ORDER") ISSUED ON APRIL 22, 2020. PURSUANT TO THE ORDER, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE MANAGEMENT COMPANY AGREED TO CEASE AND DESIST FROM VIOLATING SECTION 206(2) OF THE ADVISERS ACT AND PAY DISGORGEMENT OF $1,521,972 (PLUS PREJUDGMENT INTEREST OF $204,606) AND A CIVIL MONETARY PENALTY OF $200,000, TO BE DISTRIBUTED TO CERTAIN LIMITED PARTNERS OF FUND II.