Overview
Redwood Grove Capital, LLC (“Redwood Grove” or the “Firm”) is a Delaware limited liability
company formed in September 2016 with its principal office in Palo Alto, CA. Redwood Grove is
owned by Greg Serrurier and Theodore Roosevelt who are the founders and managing members
(together, the “Managing Members”)
Redwood Grove serves as the general partner (the “General Partner”) to the private fund, Redwood
Grove Capital Fund, LP (the “Fund”), a Delaware limited partnership.
Redwood Grove does not tailor its services to the individual Fund investors (the “Limited Partners”)
or provide Limited Partners with the right to specify, restrict, or influence the Fund’s investment
objectives or any investment or trading decisions.
Redwood Grove will manage the Fund pursuant to the investment guidelines set forth in the
relevant governing and offering documents of the Fund, including the Fund’s private placement
memorandum, limited partnership agreement and subscription agreement (collectively, the
“Offering Documents”). The Offering Documents contain more detailed information about the
Fund, including a description of the investment objective and strategy or strategies employed by
the Fund and related restrictions that serve as a limitation on Redwood Grove’s advice or
management.
Redwood Grove has entered into one or more “side letters” or
similar agreements with certain
Limited Partners under which the Firm waives or modifies certain investment terms for such
Limited Partners, without obtaining the consent of any other investor in the Funds and/or grants
to any such Limited Partner specific rights, benefits or privileges. Redwood Grove also provides
a greater level of disclosure regarding the investments and activities of the Fund to certain
Limited Partners than others.
Such agreements will be disclosed only to those actual or potential Limited Partners that have
separately negotiated with Redwood Grove for the right to review such agreements. Any rights
established, or any terms of the Limited Partnership Agreement altered or supplemented in a
side letter with a Limited Partner will govern with respect to such Limited Partner. These terms
could include a reduction in management fees and/or performance allocations, special rights
with respect to future contributions, future investments and supplemental reporting. Redwood
Grove negotiates such arrangements on a case-by-case basis.
Redwood Grove does not participate in wrap fee programs.
As of December 31, 2023, Redwood Grove has approximately $300(US) million in regulatory
assets under management, all of which are managed on a discretionary basis. Redwood Grove
does not manage any assets on a non-discretionary basis.