A. This brochure describes the advisory business of Sagewind Capital LLC, a Delaware
limited liability company (“Sagewind” or the “Firm”) founded on September 17, 2015 by
Steven Lefkowitz. Sagewind commenced operations and began sourcing private equity
investments in September 2015. Mr. Lefkowitz, through intermediate entities, controls and
owns more than a substantial majority of Sagewind. Mr. Lefkowitz also serves as the
President and Chief Executive Officer of the Firm. Sagewind merged with SML Capital
Partners LLC in December 2016 and the entities are collectively known as Sagewind.
B. Sagewind provides advisory services to private investment partnerships formed primarily
for the purpose of making investments in a single portfolio company (“Single Investment
Partnership”), and an investment partnership which makes investments solely in the Single
Investment Partnerships (the “Aggregator Fund” and together with the Single Investment
Partnerships, the “Funds”). Sagewind may also provide advisory services directly to
institutions, individuals or other investors (“Individual Clients”). As a group, Sagewind’s
Funds and Individual Clients will be referred to herein as “Clients.” Sagewind is filing a
single Form ADV together with its relying advisers and general partners, AG InvestCo GP
LLC, By Light InvestCo GP LLC, FedHC InvestCo GP LLC, GCOM InvestCo GP LLC,
QuantiTech InvestCo GP LLC, SD InvestCo GP LLC and SWC GP LLC. Together with the
general partners, Sagewind operates as a single advisory business.
C. Sagewind seeks to make private equity investments in middle market companies across a
broad spectrum of industries and verticals. Investments made by Sagewind are typically
long-term private equity interests that are held directly or indirectly by its Clients. These
investments may be completed through either Sagewind’s direct investment into a special
purpose vehicle or a holding company. Sagewind’s services to Clients include engaging in
the business of making, managing, supervising, and disposing of investments and engaging
in such other activities incidental or ancillary thereto, including sourcing investment
opportunities and negotiating investments.
The Firm primarily invests in privately held businesses on behalf of its Clients. However,
Sagewind reserves the right to invest in publicly traded businesses subject to the limitations
set forth in the governing documents of its Clients and their respective agreements with
Sagewind.
From time to time, the personnel of Sagewind or its affiliates may serve on the board of a
company in which Sagewind invested in on behalf of its Clients (a “Portfolio Company”) or
otherwise act to influence control over management of Portfolio Companies. The Firm’s
advisory services to the Funds are further described in their respective governing documents
and are also generally described below under “Methods of Analysis, Investment Strategies
and Risk of Loss.”
Sagewind, along with its affiliates, the Funds and Individual Clients, may enter into
consulting arrangements, side letter arrangements or other similar agreements that have the
effect of establishing rights under, or altering or supplementing, a Fund’s governing
document with respect to such investors, including provisions relating to specific
investments, as well as provisions relating to the Firm’s compensation.
For more information regarding provisions that allow an investor’s investment to be
altered or varied in certain circumstances, investors should refer to the relevant Fund’s
governing documents, the Investment Management Agreement and / or consulting agreement
entered into between Sagewind and any Individual Client.
D. The Firm may provide both customized and non-customized advice to Clients. The exact
nature of the Firm’s investment advice to Clients will be contained in each Client’s
agreements with the Firm.
E. The Firm does not participate in wrap fee programs.
F. As of December 31, 2023, Sagewind managed $1,253,575,013 in Client assets, all managed
on a discretionary basis. The Firm does not currently manage any non-discretionary assets.