TVV Capital, a Delaware limited partnership and its affiliated investment advisers provide
investment advisory services to investment funds privately offered to qualified investors in the
United States and elsewhere. TVV Capital commenced operations in 1997.
TVV Capital’s clients include the following (each, a “Fund,” and together with their
related funds, vehicles and any future private investment fund to which TVV Capital or its affiliates
provide investment advisory services, the “Funds”):
• TVV Capital Partners III, L.P.
• TVV Capital Partners III-A, L.P. (together, with TVV Capital Partners III, L.P.,
“TVV III”)
• TVV Capital Partners IV, L.P. (“TVV IV”)
• TVV Capital Partners IV-A, L.P.
• TVV Capital Partners V, L.P.
• TVV Capital Partners V-A, L.P. (together, with TVV Capital Partners V, L.P.,
“TVV V”)
The following general partner entities are affiliated with TVV Capital:
• TVV Equity Investors III, LLC
• TVV Equity Investors IV, LLC
• TVV Equity Investors V, L.P.
(each, a “General Partner” and together with TVV Capital and their affiliated entities the
“Firm”).
Each General Partner is subject to the Advisers Act pursuant to TVV Capital’s registration
in accordance with SEC guidance. This Brochure also describes the business practices of the
General Partners, which operate as a single advisory business together with TVV Capital.
The Funds are private equity funds and invest through negotiated transactions in operating
entities, generally referred to herein as “portfolio companies.” The Firm’s investment advisory
services to the Funds consist of identifying and evaluating investment opportunities, negotiating
the terms of investments, managing and monitoring investments and achieving dispositions for
such investments. Although investments are made predominantly in non-public companies,
investments in public companies are permitted in accordance with the relevant Governing
Documents (as defined below). The senior principals or other personnel of TVV Capital or its
affiliates generally
serve on boards of directors of portfolio companies or otherwise act to influence
control over management of portfolio companies in which the Funds have invested.
The Firm’s advisory services to the Funds are detailed in the applicable private placement
memoranda or other offering documents (each, a “Memorandum”), investment management
agreements, limited partnership or other operating agreements or governing documents (each, a
“Governing Document”) and are further described below under “Methods of Analysis,
Investment Strategies and Risk of Loss.” Investors in the Funds participate in the overall
investment program for the applicable Fund, but may be excused from a particular investment due
to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Governing
Documents. The Funds or the General Partners have entered into side letters or other similar
agreements (“Side Letters”) with certain investors that have the effect of establishing rights
(including economic or other terms) under, or altering or supplementing the terms of, the relevant
Governing Documents with respect to such investors.
Additionally, from time to time and as permitted by the relevant Governing Documents,
the Firm expects to provide (or agree to provide) co-investment opportunities (including the
opportunity to participate in co-invest vehicles) to strategic investors, third party sponsors,
consultants, advisors or lenders, certain limited partners in the relevant Fund (or persons or entities
associated with such limited partners), individuals from TVV Capital’s ecosystem, including
(without limitation), domain experts, founders, entrepreneurs, strategic advisors and portfolio
company executives, private investors, groups and/or individuals, TVV Capital’s personnel and/or
certain other persons associated with TVV Capital and/or its affiliates.
As of December 31, 2023, the Firm managed $ 335,548,861 in client assets on a
discretionary basis. TVV Capital is owned by Andrew W. Byrd, the President and Founder of
TVV Capital.