Filing Details
- Accession Number:
- 0001193125-22-040317
- Form Type:
- 13G Filing
- Publication Date:
- 2022-02-13 19:00:00
- Filed By:
- Nb Alternatives Advisers Llc
- Company:
- Solo Brands Inc.
- Filing Date:
- 2022-02-14
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
NB Alternatives Advisers | 0 | 6,882,881 | 0 | 6,882,881 | 6,882,881 | 10.9% |
NB Crossroads Private Markets Fund V Holdings | 0 | 344,130 | 0 | 344,130 | 344,130 | 0.5% |
NB Crossroads XXII - MC Holdings | 0 | 894,783 | 0 | 894,783 | 894,783 | 1.4% |
NB Select Opps II MHF | 0 | 2,994,049 | 0 | 2,994,049 | 2,994,049 | 4.7% |
NB Gemini Fund | 0 | 2,649,919 | 0 | 2,649,919 | 2,649,919 | 4.2% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Solo Brands, Inc.
(Name of Issuer)
Class A Common Stock, $0.001 par value per share
(Title of Class of Securities)
83425V104
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (Act), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 83425V104 | Page 2 of 9 |
1. | Names of Reporting Persons.
NB Alternatives Advisers LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power
0 | ||||
6. | Shared Voting Power
6,882,881 | |||||
7. | Sole Dispositive Power
0 | |||||
8. | Shared Dispositive Power
6,882,881 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person
6,882,881 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
10.9% (1) | |||||
12. | Type of Reporting Person (See Instructions)
OO, IA, HC |
(1) | Based upon 63,397,635 shares of Common Stock outstanding as of November 30, 2021, as disclosed in the issuers Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, that was filed by the issuer with the U.S. Securities and Exchange Commission on December 9, 2021. |
CUSIP No. 83425V104 | Page 3 of 9 |
1. | Names of Reporting Persons.
NB Crossroads Private Markets Fund V Holdings LP | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power
0 | ||||
6. | Shared Voting Power
344,130 | |||||
7. | Sole Dispositive Power
0 | |||||
8. | Shared Dispositive Power
344,130 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person
344,130 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
0.5% (1) | |||||
12. | Type of Reporting Person (See Instructions)
PN |
(1) | Based upon 63,397,635 shares of Common Stock outstanding as of November 30, 2021, as disclosed in the issuers Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, that was filed by the issuer with the U.S. Securities and Exchange Commission on December 9, 2021. |
CUSIP No. 83425V104 | Page 4 of 9 |
1. | Names of Reporting Persons.
NB Crossroads XXII - MC Holdings LP | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power
0 | ||||
6. | Shared Voting Power
894,783 | |||||
7. | Sole Dispositive Power
0 | |||||
8. | Shared Dispositive Power
894,783 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person
894,783 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
1.4% (1) | |||||
12. | Type of Reporting Person (See Instructions)
PN |
(1) | Based upon 63,397,635 shares of Common Stock outstanding as of November 30, 2021, as disclosed in the issuers Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, that was filed by the issuer with the U.S. Securities and Exchange Commission on December 9, 2021. |
CUSIP No. 83425V104 | Page 5 of 9 |
1. | Names of Reporting Persons.
NB Select Opps II MHF LP | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power
0 | ||||
6. | Shared Voting Power
2,994,049 | |||||
7. | Sole Dispositive Power
0 | |||||
8. | Shared Dispositive Power
2,994,049 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person
2,994,049 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
4.7% (1) | |||||
12. | Type of Reporting Person (See Instructions)
PN |
(1) | Based upon 63,397,635 shares of Common Stock outstanding as of November 30, 2021, as disclosed in the issuers Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, that was filed by the issuer with the U.S. Securities and Exchange Commission on December 9, 2021. |
CUSIP No. 83425V104 | Page 6 of 9 |
1. | Names of Reporting Persons.
NB Gemini Fund LP | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Citizenship or Place of Organization
Cayman Islands |
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power
0 | ||||
6. | Shared Voting Power
2,649,919 | |||||
7. | Sole Dispositive Power
0 | |||||
8. | Shared Dispositive Power
2,649,919 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person
2,649,919 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
4.2% (1) | |||||
12. | Type of Reporting Person (See Instructions)
OO |
(1) | Based upon 63,397,635 shares of Common Stock outstanding as of November 30, 2021, as disclosed in the issuers Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, that was filed by the issuer with the U.S. Securities and Exchange Commission on December 9, 2021. |
CUSIP No. 83425V104 | Page 7 of 9 |
Item 1. |
(a) Name of Issuer
Solo Brands, Inc. (the Issuer)
(b) Address of Issuers Principal Executive Offices
1001 Mustang Drive
Grapevine, Texas 76051
Item 2.
(a) Name of Person Filing
This Schedule 13G is being jointly filed by and on behalf of each of NB Alternatives Advisers LLC (NBAA), NB Crossroads Private Markets Fund V Holdings LP (NB Private Markets V), NB Crossroads XXII - MC Holdings LP (NB Crossroads XXII), NB Select Opps II MHF LP (NB Select Opps II), and NB Gemini Fund LP (NB Gemini and, collectively with NBAA, NB Private Markets V, NB Crossroads XXII, NB Select Opps II, and NB Gemini, the Reporting Persons) pursuant to Rule 13d-1(k) promulgated by the Commission pursuant to Section 13 of the Act. NBAA exercises dispositive and voting power with respect to the shares of Common Stock held directly by each of NB Private Markets V, NB Crossroads XXII, NB Select Opps II, and NB Gemini, and, as a result, may be deemed to beneficially own the shares of Common Stock held directly by each of NB Private Markets V, NB Crossroads XXII, NB Select Opps II, and NB Gemini.
The Reporting Persons have entered into a Joint Filing Agreement, dated February 14, 2022, a copy of which is attached hereto as Exhibit A, pursuant to which the Reporting Persons agreed to file this Schedule 13G and any amendments thereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.
(b) Address of Principal Business Office or, if none, Residence
The address of the principal business office of each Reporting Person is 325 N. Saint Paul Street, Suite 4900, Dallas, Texas 75201.
(c) Citizenship
See Item 4 on the cover page(s) hereto.
(d) Title of Class of Securities
Class A Common Stock, $0.001 par value per share(the Common Stock)
(e) CUSIP Number
83425V104
Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is: |
(a) ☐ A broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
(b) ☐ A bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
CUSIP No. 83425V104 | Page 8 of 9 |
(c) ☐ An insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
(d) ☐ An investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F);
(g) ☐ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ☐ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) ☐ A non-U.S. institution in accordance with §240.13d1(b)(1)(ii)(J);
(k) ☐ A group, in accordance with §240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ___________.
Item 4. | Ownership. |
(a) Amount beneficially owned: See Item 9 on the cover page(s) hereto.
NBAA exercises dispositive and voting power with respect to the shares of Common Stock held directly by each of NB Private Markets V, NB Crossroads XXII, NB Select Opps II, and NB Gemini and, as a result, may be deemed to beneficially own the shares of Common Stock held directly by each of NB Private Markets V, NB Crossroads XXII, NB Select Opps II, and NB Gemini.
(b) Percent of class: See Item 11 on the cover page(s) hereto.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Pursuant to Rule 13d-4 of the Act, the Reporting Persons expressly declare that the filing of this statement shall not be construed as an admission that any such person is, for the purposes of Section 13(d) and/or Section 13(g) of the Act or otherwise, the beneficial owner of any securities covered by this statement held by any other person.
Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) and/or Section 13(g) of the Act. Each Reporting Person declares that the filing of this statement shall not be construed as an admission that any such person is, for the purposes of Section 13(d) and/or Section 13(g) of the Act or otherwise, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
CUSIP No. 83425V104 | Page 9 of 9 |
Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not Applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not Applicable.
Item 8. | Identification and Classification of Members of the Group. |
Not Applicable.
Item 9. | Notice of Dissolution of Group. |
Not Applicable.
Item 10. | Certifications. |
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2022
NB Alternatives Advisers LLC | ||
By: | /s/ Paul Daggett | |
Name: | Paul Daggett | |
Title: | Managing Director | |
NB Crossroads Private Markets Fund V Holdings LP | ||
By: | /s/ James Bowden | |
Name: | James Bowden | |
Title: | Authorized Signatory | |
NB Crossroads XXII MC Holdings LP | ||
By: | /s/ Paul Daggett | |
Name: | Paul Daggett | |
Title: | Authorized Signatory | |
NB Select Opps II MHF LP | ||
By: | /s/ Paul Daggett | |
Name: | Paul Daggett | |
Title: | Authorized Signatory | |
NB Gemini Fund LP | ||
By: | /s/ Paul Daggett | |
Name: | Paul Daggett | |
Title: | Authorized Signatory |
EXHIBIT INDEX
Exhibit | Description of Exhibit | |
99.1 | Joint Filing Agreement (filed herewith). |