Savano Direct Capital Partners, LLC doing business as Savano Capital Partners (hereinafter
“Savano”, “we”, “us”, “our” or the “Firm”) is organized as a Delaware limited liability company
with a principal office in Baltimore, MD. The Firm is principally owned by Thomas Smith,
referred to as a “Principal”, and together with Gustav Koven, the “Principals”.
As of the date of this Brochure, Savano provides discretionary investment management
services to eligible investors inclusive of “Qualified Clients” as defined under the Investment
Advisers Act of 1940 (“Advisers Act”) and/or “Qualified Purchasers” as defined under the
Investment Company Act of 1940 (“Company Act”) through its sponsored pooled investment
vehicles that exempt from registration as investment companies pursuant to section (3)c)(1)
and/or (3)(c)(7) of the Company Act (each a “private fund” and collectively “private funds” or
“Savano Fund(s)”). The Savano Funds offerings (each a “Client” and together “Clients” of our
Firm) include: Savano Capital Partners II, L.P., Savano Capital Partners III, L.P, Savano
Opportunities Series, L.P. (Series 1-SC), Savano Opportunities Series, L.P. (Series 2), and
Savano Opportunities Series, L.P. (Series 3).
Savano is a growth equity firm that invests on its Clients’ behalf into private companies.
Mainly, Savano invests in what it believes are leading late-stage technology companies by
providing interim liquidity solutions to individual shareholders, such as, management teams,
founders, and early investors. Savano also provides primary growth capital to private
companies.
We serve as the investment adviser, with discretionary trading authority, to private, pooled
investment vehicles, the securities of which are offered through a private placement
memorandum to accredited investors, as defined under the Securities Act of 1933, as
amended, and qualified purchasers, as defined under the Company Act, as amended. We do
not tailor our advisory services to the individual needs of any particular
investor.
Savano’s Clients (defined below) as of the date of this Brochure are the following private,
pooled investment vehicles:
• Savano Capital Partners II, L.P., a Delaware limited partnership (the “Fund II”);
• Savano Capital Partners III, L.P., a Delaware limited partnership (the “Fund III”);
• Savano Opportunities Series, L.P. (Series 1-SC), part of Savano Opportunities Series, L.P.,
a Delaware series limited partnership (“Series 1-SC”); and
• Savano Opportunities Series, L.P. (Series 2), part of Savano Opportunities Series, L.P., a
Delaware series limited partnership (“Series 2”); and
• Savano Opportunities Series, L.P. (Series 3), part of Savano Opportunities Series, L.P., a
Delaware series limited partnership (“Series 3”), and collectively with Series 1-SC and
Series 2, “Savano Opportunities”).
Fund II, Fund III, and the Savano Opportunities Series are herein each referred to as a “Fund”
or “Client”, and collectively referred to as the “Funds” or the “Clients”.
Qualified Clients and/or Qualified Purchasers that make an investment in the Funds’ (each a
“Limited Partner” and together “Limited Partners”) are hereafter collectively referred to as
the “Investor” and together “Investors” where appropriate.
The general partner to the Savano Funds is an entity that is under common control with our
Firm. Specifically, Fund II’s “General Partner” is Savano Direct GP II, LLC, or “GP II”. Fund III’s
General Partner is Savano Direct GP III, LLC, or “GP III”. The Savano Opportunities’ General Partner
is Savano Opportunities GP, LLC “Opportunities GP”. Collectively, these entities will be referred to
as the “Fund GPs” or “Fund General Partners”.
We do not currently sponsor or participate in any Wrap Fee Programs.
Savano, as of December 31, 2023, manages approximately $341,246,852 regulatory assets
under management, all of which, is managed on a discretionary basis.
Our investment decisions and advice with respect to the Funds are subject to each Fund’s
investment objectives and guidelines, as set forth in its respective “Offering Documents.”