Overview
Background and Ownership
This Brochure provides information about the business practices of SaaS Capital, LLC (“SaaS Capital” or
“Management Company”). SaaS Capital and its affiliated advisers provide investment advisory services
to private investment funds (hereinafter referred to individually as a “Fund” or collectively as the
“Funds”). SaaS Capital was founded in 2007.
A separate entity established by SaaS Capital serves as the general partner to each of the Funds, and
each such general partner is included in this Form ADV as a relying adviser.
SaaS Capital is owned and controlled by Robert Belcher. Mr. Belcher owns less than 75% and Todd
Gardner owns less than 50% of SC GP III, LLC which serves as general partner to SaaS Capital Fund III, LP
and SaaS Capital Fund QP Fund III, LP. Mr. Belcher owns less than 75% and Steven Jaffee owns less than
50% of SC GP III(B), LLC which serves
as general partner to SaaS Capital Fund III(B), LP and SaaS Capital
Fund QP Fund III(B), LP. Mr. Belcher, Mr. Jaffee, Randall Lucas, and Stephanie Fortener each own less
than 25% of SC GP IV, LLC which serves as general partner to SaaS Capital Fund IV and SaaS Capital QP
Fund IV.
Funds
The Funds are all debt funds and managed in accordance with the investment objectives, strategies and
guidelines set forth in their respective Private Placement Memorandums (each a “PPM”). This
document is not tailored to each individual investor in the Funds and therefore it is up to the investor to
consider whether a Fund meets their investment objectives and risk tolerance prior to investing.
Assets Under Management
As of December 31, 2023, SaaS Capital managed approximately $174,258,068 in total regulatory assets
under management, all of which is managed on a discretionary basis.