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GPB Capital Holdings— Alleged Sale of High-risk Private Placement Offerings

GPB Capital Holdings Allegedly Late Making Filings; Over $1.5 Billion of High-risk GPB Private Placement Offerings Sold  by Tens of Brokerages

GPB Capital Holdings, a private equity firm specializing in acquisition of middle market, and buyout companies, was reportedly required to file registration forms with the SEC roughly a year ago, and was also reportedly required to initiate and publicize vital financial disclosures for two of its largest funds, according to SEC Reports under review by investor rights attorney Alan Rosca.

GPB company spokeswoman Kelly Whitten allegedly claims she is unable to state when the filings will be completed, and, according to Investment News, has issued the following statement:

GPB Capital will not be filing the form 10s today… The Form 10s will be filed following the issuance of the 2018 audits.

GPB Automotive Portfolio and GPB Holdings II, the two aforementioned funds, have both come under question, and each has over 6,000 investors, the SEC notes.

GPB Automotive Portfolio has raised $622.1 million, whereas GPB Holdings II has raised $645.8 million, the SEC notes. The minimum investment in GPB Automotive Portfolio was $100,000, and GPB Holdings II and GPB Automotive Portfolio have together have paid brokers $100.1 million in commissions at a rate of 7.9%. the SEC states.

GPB, in addition to missing its April 30, 2018 deadline, also faced the extra scrutiny of an FBI visit to its Manhattan office in February of 2019 wherein the Bureau came with a search warrant and collected information, according to Reports from New York. GPB is also facing a subpoena requesting information, the Reports state.

This comes after Massachusetts Secretary of the Commonwealth William Galvin announced back in September of 2018 that he had initiated an investigation into 63 broker-dealer firms that sold private placements from GPB, according to Reports from Massachusetts.

GPB Capital’s reported reticence to report its financial status comes after many financial advisers and broker-dealers reportedly sold $1.5 billion of GPB Capital Holdings, the SEC notes.

GPB made statements in August of 2018 that it was overhauling and restating the 2015 and 2016 financial statements of certain funds as part of an accounting review, however,  Crowe LLP, the firm’s auditor, resigned in November 2018, according to Reports from New York.

GPB, which invests primarily in auto dealerships and waste management businesses, is now quite past its April 30, 2018, deadline to register the funds, and has allegedly offered no concrete date form when annual reports for the two funds will eventually be filed with the SEC, the SEC notes.

Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to the sales of GPB Capital Holdings’ allegedly high-risk private placement offerings. Investors who believe they may have lost money in activity related to the sales of GPB Capital Holdings’ allegedly high-risk private placement offerings are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

GPB Capital Holdings, According to Public Records, in August 2018 Ceased Raising Capital from Investors in August 2018

GPB Capital Holdings, allegedly ceased raising capital from investors in August 2018, according to public records.

The SEC and FINRA are now investigating allegations that brokerage firms that sold GPB Capital Holdings and their brokers who recommended GPB Capital Holdings to their clients may not have conducted appropriate due diligence on the funds.

GPB manages the following nine private placements, according to the Goldman Scarlato & Penny attorneys’ investigation:

  • •         GPB Automotive Portfolio, LP
  • •         GPB Cold Storage LP
  • •         GPB Holdings, LP
  • •         GPB Holdings II, LP
  • •         GPB Holdings III, LP
  • •         GPB Holdings Qualified, LP
  • •         GPB NYC Development, LP
  • •         GPB Waste Management Fund, LP

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating activity related to the sales of GPB Capital Holdings’ allegedly high-risk private placement offerings. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of activity related to the sales of GPB Capital Holdings’ allegedly high-risk private placement offerings may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at, or through the contact form on this webpage.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing. Visitors may check the most recent version of each brokercheck report at

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