Advisory Business
A. Troy Capital Partners was founded as a venture capital firm in 2016. Troy Capital Partners subsequently
founded a management company devoted to providing investment management services to private debt
oriented funds which it has since rebranded as Quid. Quid Capital Group Holdings, LLC (“Quid Capital Group
Holdings”), the Firm’s filing adviser, together with its affiliated relying advisers which continue to do business
as Troy Capital Partners (collectively “Quid Capital” or the “Firm” herein), serve as investment adviser to
certain private investment funds, which are organized as Delaware limited partnerships or limited liability
companies (each a “Fund” and collectively the “Funds” or the “Clients”). The Firm’s relying advisers, Troy
Capital Partners GP, LLC (“Troy Capital Partners GP”) and Troy Capital Partners X GP, LLC (“Troy Capital
Partners X GP”), as well as Quid Capital Group Holdings, also serve as the General Partner or Managing
Member (each, a “Manager”), as applicable, of the Funds. Troy Capital Partners GP and Quid Capital Group
Holdings are each principally owned by Josh Berman, Samit Varma, Brian Sullivan, and Anthony Tucker. Troy
Capital Partners X GP is principally owned by Josh Berman and Anthony Tucker.
B. Quid Capital currently provides investment management services to private debt and securities-
oriented Funds and venture capital oriented Funds. The Funds are subject to the investment objectives, terms
and conditions outlined in their respective offering documents, which include but are not limited to operating
agreements, subscription agreements, limited partnership agreements and investment management agreements
(collectively the “Governing Documents”). While Quid Capital focuses on the strategies discussed throughout
the Brochure, the Firm does not necessarily limit the types of investments on which it advises.
C. To the extent agreed upon in the Governing Documents, Quid Capital tailors its investment advisory
services to be consistent with each Fund’s investment strategy, return profile, concentration limits, time
horizon, liquidity mandates and other related objectives, as defined therein. Underlying investors may not
impose restrictions on investing in certain securities or types of securities.
D. Quid Capital does not participate as a sponsor of or portfolio manager to any wrap fee programs.
E. As of December 31, 2023, the Firm had approximately $1.9 billion in discretionary regulatory assets
under management.