Overview
A. Description of the Advisory Firm
Carrick Capital Management Company, LLC (“Carrick Capital” or the “Firm”) is a Delaware
Limited Liability Company formed on November 18, 2011. Carrick Capital is primarily
headquartered in San Francisco, California with a second office in Newport Beach, CA. Its
principal owners are James C. Madden V and Marc F. McMorris.
B. Types of Advisory Services
Carrick Capital serves as an investment adviser to certain private investment funds, which
are organized as Delaware limited partnerships or limited liability companies (each a “Fund”
and collectively the “Funds”). Affiliates of Carrick Capital serve as the General Partner or
Manager, as applicable, of the Funds. Carrick Capital may also decide in the future to sponsor
or manage additional private investment funds or other clients.
The Funds offer limited partnership or membership interests, as applicable (“Interests”) to
certain qualified investors as described in response to Item 7, below (such investors are
referred to herein as “Investors”).
From time to time Carrick Capital forms and manages, on a transaction-by-transaction basis,
special purpose vehicles (“SPVs”) to participate in investment opportunities alongside the
Funds. Unlike the Funds, which generally do not limit investment discretion, such SPVs are
often limited to investing only in the securities relating
to the particular transaction for which
the SPV was created. Collectively, the SPVs and the Funds will be known as “clients.”
Carrick Capital invests in software, SaaS, transaction processing, and technology-enabled
services companies. Carrick Capital targets middle market, control-oriented growth equity
investments in tech-enabled business services and software with a specific vertical market
and process focus. Carrick Capital is often the sole institutional investor in its portfolio
companies, but also makes select co-investments with high quality, like-minded firms. The
Firm’s strategy is described in its marketing materials, the Funds’ limited partnership or
limited liability company operating agreement, and the Funds’ subscription documents
(collectively, the “Governing Documents”).
C. Client Tailored Services and Client Imposed Restrictions
Advisory services are tailored to achieve each Client’s investment objectives. Carrick Capital
has the authority to select which and how many portfolio companies to invest in and to
determine exit strategies subject to the applicable Governing Documents.
D. Wrap Fee Programs
Carrick Capital does not participate in wrap fee programs.
E. Amounts Under Management
As of December 31, 2023, Carrick Capital has approximately $1.57 billion in regulatory assets
under management on a discretionary basis.