Overview
A: Firm Description
Sverica Capital Management LP, a Delaware Limited Partnership, which was
formed as a limited liability company on June 20, 2001 and converted to a limited
partnership on April 2, 2018 ("Sverica Capital Management" or “Sverica”), is a
private equity management company that provides investment advisory services to
private equity funds (“Clients”). Sverica Capital Management GP, LLC serves as
the general partner to Sverica Capital Management, LP. Sverica has offices located
in Boston, Massachusetts and San Francisco, California.
A: Principal Owners
Frank M. Young IV an individual resident of the State of California, Jordan M.
Richards, an individual resident of the State of Texas, and David E. Finley, an
individual resident of the Commonwealth of Massachusetts, are the principal owners
of both Sverica Capital Management, LP and Sverica Capital Management GP,
LLC.
B: Types of Advisory Services
Sverica Capital Management provides investment advisory services only to private
equity funds. Such services are discretionary. Sverica’s investment focus has always
been the lower middle market. Sverica seeks small, profitable companies for its
Clients that may be outside the scope of many private equity firms. Sverica’s
primary objective is to create long-term, sustainable value
and strategies for its
Clients. Sverica intends to have a high degree of direct involvement with its Clients’
portfolio companies. Sverica’s operating strategies endeavor to maximize long term
cash flow growth and to make efficient use of capital, instead of using heavy
financial leverage or market timing.
C: Tailored Services
Sverica only has Clients that are private equity funds structured as limited
partnerships. Sverica does not tailor its advisory services to the individual needs of
its Clients’ limited partners, and Clients may not impose restrictions on investing in
certain securities or types of securities other than those contained in the respective
limited partnership agreements. Each private equity fund Client’s general partner
(the “General Partner”) may enter into one or more “side letters” or similar
agreements with certain investors pursuant to which the General Partner grants to
such investors specific rights, benefits or privileges that are not made available to
investors generally.
D: Wrap Fee Programs
Sverica does not participate in any wrap fee programs.
E: Client Assets Under Management
Sverica manages approximately $2,115,986,000, calculated as of December 31,
2023, on a discretionary basis for eight private equity fund Clients. Sverica does not
manage assets on a non-discretionary basis.