Arrowroot is a Delaware limited liability company that was formed on September 27, 2013 and
commenced operations in January 2014. Arrowroot is a global growth equity firm based in Marina
Del Ray, CA with a secondary office in Miami, FL. The principal owner of Arrowroot is Matthew
Safaii (the “Managing Partner”).
Related persons of Arrowroot generally act as general partner of each Arrowroot Fund.
Arrowroot primarily provides discretionary investment advice to private growth equity capital
investment funds: Arrowroot Capital, L.P. (“Fund I”), Arrowroot Capital II, L.P. (“Fund II”),
Arrowroot Capital III, L.P. (“Fund III”), Arrowroot Capital IV, L.P. (“Fund IV”) and Arrowroot
Capital V, L.P. (“Fund V”, and together with Fund I, Fund II, Fund III and Fund IV, the “Arrowroot
Funds”) with investment focuses on minority, majority and buyout investments in business to
business software companies (the “Portfolio Companies”). Arrowroot also manages several special
purpose vehicles (the “Arrowroot SPVs”, and together with the Arrowroot Funds, the “Advisory
Clients”) that were formed to invest in a single Portfolio Company or to co-invest with, or invest
parallel to, the Arrowroot Funds. Participation in the Arrowroot SPVs was offered to existing
investors, Arrowroot employees, and key persons, as well as outside parties pursuant to the terms
of the applicable limited partnership agreement.
Typically, affiliates of Arrowroot serve as the general partners of each Advisory Client (each an
“Advisory Affiliate”). Each of the Advisory Affiliates is a related person of Arrowroot. Arrowroot,
together with the Advisory Affiliates, provides investment management and/or investment
supervisory services. Typically, Arrowroot, or an Advisory Affiliate, manages each Advisory
Client’s investments pursuant to the Advisory Client Agreement. Each Advisory Affiliate retains
investment discretion and management authority over the business and affairs of the Advisory
Client for which it serves as general partner.
Arrowroot is a growth equity firm exclusively focused on structured equity investments in
enterprise software companies. Arrowroot generally targets attractive risk-adjusted returns by
seeking to provide transitional capital to what it views as healthy, growing SaaS companies with
significant, recurring sales and customer validation that it believes are under-resourced and need
capital for growth-related initiatives. Arrowroot typically leads or co-leads all of its investments
and targets opportunities
sourced on a proprietary basis. The firm’s investment and operating
professionals have strong backgrounds with SaaS investments, and Arrowroot seeks to add
significant value to its Portfolio Companies through growth initiatives and operational
improvements. While it is anticipated that Arrowroot will invest in these types of companies, it
has broad and flexible investment authority. Each Advisory Client’s investment objective and
strategy is set forth in the respective Advisory Client’s governing documents. All investors in the
Advisory Clients (“Investors”) are provided with an Advisory Client Agreement and, in the case of
certain Advisory Clients, a confidential private placement memorandum or other offering
documents prior to making an investment. Investors are urged to carefully review those documents
prior to making an investment in the Advisory Client.
Arrowroot, or an Advisory Affiliate, tailors its investment advice to each Advisory Client in
accordance with the Advisory Client’s investment objectives and strategy as set forth in the relevant
Advisory Client Agreement and, if applicable, confidential private placement memorandum.
Generally, Arrowroot does not tailor its advisory services to the individual needs of Investors.
Investment decisions and advice are subject to the investment objectives and guidelines set forth in
the relevant Advisory Client Agreement.
The Arrowroot Funds and their respective general partners, without any further act, approval or
vote of any Investor, has entered into side letters or other similar agreements with certain limited
partners that have the effect of establishing rights (including economic terms) under, or altering or
supplementing the terms of than those set forth in the respective Arrowroot Fund’s governing
documents.
Investors and prospective Investors in each Advisory Client should refer to the confidential private
placement memorandum, limited partnership agreement and other governing documents for each
Advisory Client (the “Governing Documents”) for more complete information on the investment
objectives with respect to a particular Advisory Client. There is no assurance that any of the
Advisory Clients’ investment objectives will be achieved.
Arrowroot does not participate in any wrap fee programs.
Arrowroot manages all assets on a discretionary basis in accordance with the terms and conditions
of each Advisory Client’s Governing Documents. As of December 31, 2023, Arrowroot managed
$737,661,925 of Advisory Client regulatory assets.