VANCE STREET CAPITAL LLC other names

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Adviser Profile

As of Date:

07/31/2024

Adviser Type:

- Large advisory firm


Number of Employees:

20 -9.09%

of those in investment advisory functions:

19 -5.00%


Registration:

SEC, Approved, 3/29/2012

AUM:

2,743,278,300 86.51%

of that, discretionary:

2,743,278,300 86.51%

Private Fund GAV:

2,743,278,300 86.51%

Avg Account Size:

211,021,408 72.16%


SMA’s:

NO

Private Funds:

12 4

Contact Info

310 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
1B 1B 1B 840M 630M 420M 210M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Private Equity Fund 12 $2,743,278,300

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Private Funds



Employees




Brochure Summary

Overview

Vance Street Management, LLC, a Delaware limited liability company (a/k/a Vance Street Capital LLC) (“VSM” or the “Firm”), is a Los Angeles based private equity firm that began business in August 2007. The Firm currently manages nine discretionary private funds, Vance Street Capital LLC (“VSC I”), Vance Street Capital II, L.P. (“VSC II Main”), Vance Street Capital II (Parallel), L.P. (“VSC II Parallel”), Vance Street Capital III, L.P (“VSC III”), VSC EV1 LP (“VSC EV1”), VSC EV2 LP (“VSC EV2”), VSC EV3 LP (“VSC EV3 Main”), VSC EV3 (Parallel), LP (“VSC EV3 Parallel”), and VSC III Polara Co-Investment Partners, L.P. (“VSC Polara”). VSC II Main and VSC II Parallel are collectively referred to as “VSC II,” VSC EV3 Main and VSC EV3 Parallel are collective referred to as “VSC EV3,” and VSC II and VSC EV3 collectively with VSC I, VSC III, VSC EV1, VSC EV2, and VSC Polara are referred to herein as the “Funds” or “Clients.” VSM may also manage additional private funds in the future. VSC I is managed by VSM, which acts as VSC I’s managing member. Richard Crowell, Brian Martin, and Michael Janish are the managing members of VSM (“Managing Partners”). Richard Crowell, Brian Martin, and Michael Janish are the principal owners of VSM. The General Partner of VSC II is VS Capital Partners II, LLC (“VSCP II”), a Delaware limited liability company. Richard Crowell and Richard Roeder are the managing members of VSCP II. The General Partner of VSC III is VS Capital Partners III, LLC (“VSCP III”), a Delaware limited liability company. VSM is the managing member of VSCP III. The General Partners of VSC EV1, VSC EV2, and VSC EV3 are VSC EV1 GP LP (“VSC EV1 GP”), VSC EV2 GP LP (“VSC EV2 GP”), and VSC EV3 GP LP (“VSC EV3 GP”), respectively, which are Delaware limited partnerships. VSC EV Partners LLC, a Delaware limited liability company, is the general partner of VSC EV1 GP, VSC EV2 GP, and VSC EV3 GP. Brian Martin and Michael Janish are the managing
members of VSC EV Partners LLC. The General Partner of VSC Polara is VSC III Polara Co-Investment GP LLC (“VSC Polara GP”), a Delaware limited liability company. VSM is the managing member of VSC Polara GP. The Funds have been formed primarily to make investments in middle-market companies with enterprise values typically between $30 million and $350 million with a focus on the medical and industrial markets. The offering materials and governing documents of each Fund set forth the specific investment guidelines and restrictions for the Fund. Investors in the Funds do not have the ability to impose specific investment objectives or restrictions on the Funds. Each Fund could participate in investments directly or through alternative investment vehicles established for one or more of the applicable Fund’s limited partners in order to address certain tax, regulatory, legal or other considerations (each, an “AIV”). For example, in connection with VSC II’s investment in a Canadian portfolio company, the Firm formed an AIV domiciled in the Cayman Islands through which all of VSC II Main’s limited partners participated in such investment. The Funds invest in securities of portfolio companies through holding companies that include other third- party investors with which the Firm does not have an investment advisory client relationship. The Funds also co-invest in investments with limited partners and third parties who are affiliated with the Firm or any of the Funds’ partners. Under certain circumstances, the Firm facilitates such investments by establishing a co-investment vehicle, managed by VSM or an affiliate, and through which the Funds and one or more co- investors could participate in one or more investments. As of December 31, 2023, the Firm managed discretionary Client assets in the amount of $1,968,278,300. The Firm does not manage assets on a non-discretionary basis, nor does it participate in a wrap fee program.