SDC CAPITAL PARTNERS, LLC other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm


Number of Employees:

35 25.00%

of those in investment advisory functions:

18 20.00%


Registration:

SEC, Approved, 4/30/2019

Other registrations (1)
AUM:

4,498,675,000 6.05%

of that, discretionary:

4,498,675,000 6.05%

Private Fund GAV:

4,498,675,000 6.05%

Avg Account Size:

899,735,000 6.05%


SMA’s:

NO

Private Funds:

5

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
4B 4B 3B 2B 2B 1B 606M
2019 2020 2021 2022 2023

Recent News

University of Michigan commits $114 million to alts
03/24/2021

Also, UM committed up to $15 million to SDC Allo Co-Invest, a real estate fund managed by SDC Capital Partners. In February 2020, the university committed up to $50 million to SDC Digital ...

pionline.com

University of Michigan commits $114 million to alts
03/24/2021

Also, UM committed up to $15 million to SDC Allo Co-Invest, a real estate fund managed by SDC Capital Partners. In February 2020, the university committed up to $50 million to SDC Digital ...

pionline.com

This Small-Cap Conglomerate Just Put Up Another Solid Year
03/04/2021

Nelnet owned the majority of the business until late last year, when it sold off a 48% stake to SDC Capital, recognizing a pre-tax gain of $259 million. Nelnet now owns 45% of Allo Communications ...

fool.com


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 5 $4,498,675,000

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Private Funds



Employees




Brochure Summary

Overview

SDC, a Delaware limited liability company, is an investment adviser located in New York, New York. SDC was formed in 2017 and its Managing Partners and principal owners are Todd Aaron and Douglas Kaden. SDC provides investment advice to pooled investment vehicles organized as private investment funds (collectively with any future private investment fund to which SDC provides investment advisory services, the “Funds,” and each, a “Fund”). The Funds are structured as Delaware limited partnerships and are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), pursuant to Section 3(c)(1) and/or Section 3(c)(7) of the Investment Company Act, as applicable. An affiliated entity formed and/or controlled by SDC serves as general partner or managing member to each Fund (collectively with any future affiliated general partner or managing member to a Fund, the “General Partners,” and each, a “General Partner”). SDC and the General Partners generally operate as a single advisory business, and whenever from the context it appears appropriate, references herein to SDC and the Firm include the General Partners. SDC provides discretionary investment advisory services to the Funds. Certain Funds (the “Main Funds”) invest primarily in the information technology (“IT”) and communications infrastructure sectors, including data centers, fiber networks, wireless infrastructure and related sectors. The Main Funds will primarily seek to leverage their extensive industry relationship set to source proprietary opportunities and will specifically seek investments where the Main Funds believe they can create value by applying SDC’s specialized operational knowledge as described in more detail in Item 8. Certain other Funds (the “Co-invest Funds”) are organized primarily for the object and purpose of directly or indirectly acquiring, developing, holding for investment, converting and distributing or otherwise disposing of investments in securities of one portfolio investment. As permitted by the Governing Documents (as defined below), SDC has provided and expects to provide (or agrees to provide) investment or co-investment opportunities (including the opportunity to participate in the Co-invest Funds) to certain current or prospective investors or other persons, including other sponsors, market participants, finders, consultants and other
service providers, portfolio company management or personnel, SDC’s personnel and/or certain other persons associated with SDC and/or its affiliates. For strategic and other reasons, a co- investor or co-invest vehicle (including a Co-invest Fund) purchases a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer), which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co-investor or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid any changes in valuation of the investment, but in certain instances could be well after the Fund’s initial purchase. Where appropriate, and in SDC’s sole discretion, SDC reserves the right to charge interest on the purchase to the co-investor or co- invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and to seek reimbursement to the relevant Fund for related costs (including charges or reimbursement required pursuant to applicable law). However, to the extent any such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund. Investment advice is provided directly to the Funds themselves and not to the individual investors in the Funds. SDC tailors its advisory services to the individual needs of the Funds but not to the individual needs of underlying investors. SDC manages the Funds in accordance with the investment objectives and limitations set forth in each Fund’s offering memoranda, governing documents, subscription agreements, side letters, and any investment management agreement between SDC and the Funds, as applicable (together, the “Governing Documents”). SDC has entered, and may in the future enter, into agreements, commonly known as “side letters” (“Side Letters”), with certain investors under which SDC waives or modifies the application of certain investment terms applicable to such investors, without obtaining the consent of any other investor in the Funds, as described in more detail in Item 8 below. As of December 31, 2023, the Firm had approximately $4,498,675,000 in discretionary assets under management. SDC does not currently manage any assets in a non-discretionary manner.