9AT: MADISON RIVER CAPITAL LLC

other names

MADISON RIVER CAPITAL LLC
DMW CAPITAL MANAGEMENT LLC

Adviser Profile

As of Date	03/31/2025
Registration	SEC, Approved, 07/31/2023
Other registrations (2)	SEC, ERA - Withdrawn, 06/30/2023 SEC, ERA - Active, 01/03/2017
Former registrations	MADISON RIVER CAPITAL LLC
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	888,643,116 -31%
of that, discretionary	377,041,148 115%
Private Fund GAV^*	377,041,148
Avg Account Size	148,107,186 -43%
SMA’s	No
Private Funds	7 5

Adviser Type

- Large advisory firm

Number of Employees 13 18%

of those in investment advisory functions 7

Client Types

- Pooled investment vehicles
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

SEC Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count6	GAV$377,041,148
Fund TypeOther Private Fund	Count1	GAV$

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser BALANCE POINT CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.8b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund21.1m	Total Private Fund GAV2.8b	AUM2.2b	#Funds14
Adviser REVELATION CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM1.6b	#Funds6
Adviser ALIGN CAPITAL PARTNERS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund991.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV991.5m	AUM1.7b	#Funds8
Adviser FOSTER DYKEMA CABOT & PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund92.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV92.4m	AUM2.0b	#Funds10
Adviser GLASFUNDS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.8b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.8b	AUM2.7b	#Funds4
Adviser BPGC MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund152.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV152.6m	AUM619.2m	#Funds2
Adviser ARIEL ALTERNATIVES, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.8b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.8b	AUM1.4b	#Funds5
Adviser LIONTREE INVESTMENT MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM1.6b	#Funds5
Adviser ASSURED HEALTHCARE PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM1.6b	#Funds12
Adviser WL ROSS & CO. LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund449.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV449.4m	AUM450.8m	#Funds4

Brochure Summary

Overview

Madison River Capital LLC (“MRC”) is an investment advisory firm headquartered in New York, New York, that was founded in 2016 to manage private equity investments in the lower middle market. Originally known as “DMW Capital Management LLC”, MRC’s investment professionals are the former corporate private equity investment team of Jefferson River Capital LLC (“JRC”), the family office of Hamilton “Tony” James. MRC is principally owned by David M. Wittels. MRC provides discretionary investment advice to private funds (each, a “Fund” and, collectively, the “Funds”) that are exempt from registration under the Investment Company Act of 1940, as amended, and whose offerings of securities are exempt from registration under the Securities Act of 1933, as amended. MRC currently manages a single Fund, but may sponsor and manage additional Funds in the future. In addition, MRC continues to manage a portfolio of private investments on behalf of JRC (each, a “Legacy Investment” and collectively the “Legacy Portfolio”). MRC also provides consulting services and investment management services to Scopia Capital Management LP with respect to three private funds sponsored by Scopia (each, a “Sub-Advised Fund” and collectively the “Sub- Advised Funds”). JRC, the Funds and the Sub-Advised Funds are collectively referred to as the “Clients.” As the investment adviser to each Client, MRC invests each Client’s assets pursuant to an investment advisory agreement that such

Client has entered into with MRC, and in accordance with such Client’s limited partnership agreement and other governing documents, as the same may be amended from time to time (the “Governing Documents”). For the Fund, MRC tailors its investment advisory activities to comply with the investment objectives, guidelines and restrictions set forth in the Fund’s Governing Documents, but does not tailor its investment advisory activities on behalf of the Fund to the needs of any individual investors in the Fund. However, in accordance with common industry practice, the Fund or its general partner may from time to time enter into a “side letter” or similar agreement with an investor pursuant to which the Fund or its general partner grants the investor specific rights, benefits or privileges that are not generally made available to all investors. The terms of such “side letters” or similar agreements are generally not disclosed to other investors in a Fund, except to investors that have separately negotiated for the right to review such agreements. See “Item8–MethodsofAnalysis,Investment StrategiesandRiskofLoss” for additional details. MRC manages the Legacy Portfolio in accordance with the needs and directions of JRC. As of December 31, 2023, MRC had approximately $1,291,646,313 in regulatory assets under management, of which $176,550,000 are managed on a discretionary basis and $1,115,096,313 are managed on a non-discretionary basis.

MADISON RIVER CAPITAL LLC

Related Companies

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview