other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 35 34.62%
of those in investment advisory functions 35 34.62%
Registration SEC, Approved, 1/3/2017
Other registrations (1)
AUM* 4,944,253,169 3.83%
of that, discretionary 4,944,253,169 3.83%
Private Fund GAV* 4,944,253,169 3.83%
Avg Account Size 235,440,627 3.83%
SMA’s No
Private Funds 21
Contact Info 617 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
5B 4B 3B 3B 2B 1B 680M
2016 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count21 GAV$4,944,253,169

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser ALTARIS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund9.4b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV9.4b AUM9.4b #Funds18
Adviser 57 STARS LLC Hedge Fund- Liquidity Fund- Private Equity Fund4.6b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.6b AUM4.6b #Funds15
Adviser RIDGEWOOD ENERGY CORPORATION Hedge Fund- Liquidity Fund- Private Equity Fund3.0b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.0b AUM4.0b #Funds4
Adviser TRIVEST INVESTMENT ADVISORS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund5.6b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV5.6b AUM5.6b #Funds14
Adviser PAINE SCHWARTZ PARTNERS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund3.0b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.0b AUM4.8b #Funds20
Adviser KLINE HILL PARTNERS LP Hedge Fund- Liquidity Fund- Private Equity Fund5.0b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV5.0b AUM5.0b #Funds24
Adviser A&M CAPITAL Hedge Fund- Liquidity Fund- Private Equity Fund5.2b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV5.2b AUM6.2b #Funds6
Adviser WAUD CAPITAL PARTNERS Hedge Fund- Liquidity Fund- Private Equity Fund4.7b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.7b AUM4.6b #Funds21
Adviser FALCON INVESTMENT ADVISORS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund4.6b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.6b AUM4.6b #Funds8
Adviser LLR MANAGEMENT HOLDCO, L.P. Hedge Fund- Liquidity Fund- Private Equity Fund5.9b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV5.9b AUM5.9b #Funds17

Brochure Summary

Overview

Silversmith Management, L.P. (“Silversmith”) is a growth equity firm that focuses on making investments in lower-middle market companies in two core industry verticals, (i) Software-as-a-Service and Information Services (“SaaS & Information Services”) and (ii) Healthcare Information Technology and Services (“Healthcare IT & Services”). Silversmith was founded in 2015. The principal owners of Silversmith are Jeffrey Crisan, Todd MacLean, Jim Quagliaroli and Lori Whelan. Silversmith primarily provides investment advisory services to private investment funds that principally seek investment opportunities in private lower-middle market companies in the SaaS & Information Services and Healthcare IT & Services sectors. Transactions in these lower-middle market companies are expected to include growth equity investments, both minority and majority, as well as platform build-ups in situations where Silversmith believes that profitable growth can be most effectively achieved through a targeted M&A strategy. Silversmith seeks to make investments in profitable, high-growth companies poised for continued expansion with the potential to become market leaders. Silversmith provides the services described above to its advisory clients, which are private investment funds (collectively, the “Funds” or “Silversmith Funds”). Generally, an affiliate of Silversmith acts as the general partner of (or other equivalent control position for) each Silversmith Fund, and Silversmith serves as investment adviser to each Silversmith Fund. References to Silversmith in this Brochure include, as the context requires, affiliates through which Silversmith provides investment advisory services or that act in any capacity referenced in the previous sentence. Silversmith tailors its advisory services to the specific investment objectives and restrictions of each Silversmith Fund as set forth in such Silversmith Fund’s limited partnership agreement (or similar governing agreement) and investment management agreement, as applicable, and does not tailor its advisory services to investors in the Silversmith Funds. In certain circumstances, investors are excused from a particular investment due to legal, regulatory or other agreed-upon circumstances; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between Silversmith and any investor. Investors and prospective investors of each Silversmith Fund should refer to the confidential private placement memorandum, limited partnership agreement (or similar governing agreement), investment management agreement and/or other governing documents, as applicable (collectively, the “Governing Documents”) of the applicable Silversmith Fund for complete information on the investment objectives and investment restrictions with respect to such Silversmith Fund. There is no assurance that any of the Silversmith Funds’ investment objectives
will be achieved. In accordance with common industry practice, one or more of the Silversmith Funds and/or their general partners have entered into “side letters” or similar agreements with certain investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the Governing Documents with respect to such investors that are not made available to investors generally. Such “side letters” or similar agreements generally are disclosed only to investors in the applicable Silversmith Fund that have separately negotiated with Silversmith for the right to review such “side letters” or similar agreements. Additionally, as permitted by the Governing Documents, Silversmith expects to provide (or agree to provide) certain personnel, consultants and advisors of Silversmith, portfolio company management or personnel, and other persons with a strategic relationship with Silversmith, the opportunity to participate in investments made by the Silversmith Funds, including through one or more co-investment vehicles that are structured to facilitate such investments on a side-by-side basis with a Silversmith Fund (each, an “Employee Co-Investment Fund”). Silversmith generally intends for each Employee Co-Investment Fund to co-invest with a single corresponding Silversmith Fund. However, for strategic and other reasons, a co- investor or co-invest vehicle (including a co-investing Silversmith Fund) purchases a portion of an investment from one or more Silversmith Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer), which generally will have been funded through investor capital contributions and/or use of a Silversmith Fund credit facility. Any such purchase from a Silversmith Fund by a co-investor or co-invest vehicle generally occurs shortly after a Silversmith Fund’s completion of the investment to avoid any changes in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. Where appropriate, and in Silversmith’s sole discretion, Silversmith reserves the right to charge interest on the purchase to the co-investor or co- invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Silversmith Fund for related costs. However, to the extent any such amounts are not so charged or reimbursed (including charges or reimbursements required pursuant to applicable law), they generally will be borne by the relevant Silversmith Fund. Silversmith does not participate in any wrap fee programs. Silversmith manages all assets on a discretionary basis in accordance with the terms and conditions of each Silversmith Fund’s Governing Documents. As of December 31, 2023, the amount of assets Silversmith manages on a discretionary basis is $4,944,253,169.