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Adviser Profile

As of Date 04/08/2024
Adviser Type - Large advisory firm
Number of Employees 10
of those in investment advisory functions 7
Registration SEC, Approved, 07/30/2018
Other registrations (1)
AUM* 335,548,861 43.69%
of that, discretionary 335,548,861 43.69%
Private Fund GAV* 335,548,861 43.30%
Avg Account Size 55,924,810 -4.21%
SMA’s No
Private Funds 6 2
Contact Info 615 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
234M 200M 167M 133M 100M 67M 33M
2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count6 GAV$335,548,861

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Brochure Summary

Overview

TVV Capital, a Delaware limited partnership and its affiliated investment advisers provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere. TVV Capital commenced operations in 1997. TVV Capital’s clients include the following (each, a “Fund,” and together with their related funds, vehicles and any future private investment fund to which TVV Capital or its affiliates provide investment advisory services, the “Funds”):
• TVV Capital Partners III, L.P.
• TVV Capital Partners III-A, L.P. (together, with TVV Capital Partners III, L.P., “TVV III”)
• TVV Capital Partners IV, L.P. (“TVV IV”)
• TVV Capital Partners IV-A, L.P.
• TVV Capital Partners V, L.P.
• TVV Capital Partners V-A, L.P. (together, with TVV Capital Partners V, L.P., “TVV V”) The following general partner entities are affiliated with TVV Capital:
• TVV Equity Investors III, LLC
• TVV Equity Investors IV, LLC
• TVV Equity Investors V, L.P. (each, a “General Partner” and together with TVV Capital and their affiliated entities the “Firm”). Each General Partner is subject to the Advisers Act pursuant to TVV Capital’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with TVV Capital. The Funds are private equity funds and invest through negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” The Firm’s investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions for such investments. Although investments are made predominantly in non-public companies, investments in public companies are permitted in accordance with the relevant Governing Documents (as defined below). The senior principals or other personnel of TVV Capital or its affiliates generally
serve on boards of directors of portfolio companies or otherwise act to influence control over management of portfolio companies in which the Funds have invested. The Firm’s advisory services to the Funds are detailed in the applicable private placement memoranda or other offering documents (each, a “Memorandum”), investment management agreements, limited partnership or other operating agreements or governing documents (each, a “Governing Document”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds participate in the overall investment program for the applicable Fund, but may be excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Governing Documents. The Funds or the General Partners have entered into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights (including economic or other terms) under, or altering or supplementing the terms of, the relevant Governing Documents with respect to such investors. Additionally, from time to time and as permitted by the relevant Governing Documents, the Firm expects to provide (or agree to provide) co-investment opportunities (including the opportunity to participate in co-invest vehicles) to strategic investors, third party sponsors, consultants, advisors or lenders, certain limited partners in the relevant Fund (or persons or entities associated with such limited partners), individuals from TVV Capital’s ecosystem, including (without limitation), domain experts, founders, entrepreneurs, strategic advisors and portfolio company executives, private investors, groups and/or individuals, TVV Capital’s personnel and/or certain other persons associated with TVV Capital and/or its affiliates. As of December 31, 2023, the Firm managed $ 335,548,861 in client assets on a discretionary basis. TVV Capital is owned by Andrew W. Byrd, the President and Founder of TVV Capital.