Overview
A. Description of the Advisory Firm
River Cities Management, Inc. (“RC Capital” or the “Firm”), an Ohio corporation, is an
investment adviser located in Cincinnati, Ohio and Raleigh, North Carolina. RC Capital was
formed in 1994. The principal owners of RC Capital include Dan Fleming, Carter McNabb, Rob
Heimann and Rik Vandevenne.
B. Types of Advisory Services
RC Capital serves as investment adviser to certain private investment funds, which are
organized as Delaware limited partnerships (each a “Fund” and collectively the “Funds”) that
invest in multiple portfolio companies and special purpose vehicles (“SPVs” and together
with the Funds, the “Clients”) for single investments.
RC Capital is a private equity firm. It invests directly in healthcare and information
technology companies, primarily in the United States, pursuant to
each Fund’s offering
memorandum, limited partnership agreement and subscription documents (“Constituent
Documents”).
The Funds are offering limited partnership interests (“Interests”) to certain qualified
investors as described in response to Item 7, below (such investors are referred to herein as
“Investors”).
C. Client Tailored Services and Client Imposed Restrictions
Advisory services are tailored to achieve the Clients’ investment objectives. With respect to
the Funds, RC Capital has the authority to select which and how many securities and other
instruments to buy or sell without consultation with the Fund or its Investors.
D. Wrap Fee Programs
RC Capital does not participate in wrap fee programs.
E. Amounts Under Management
As of December 31, 2023, RC Capital has approximately $784,626,818 of assets under
management on a discretionary basis.