Sverica Capital Management

Sverica Capital Management LP, established in 2001 and based in Boston and San Francisco, specializes in providing investment advisory services to private equity funds in the lower middle market. The firm focuses on small, profitable companies outside the scope of many private equity firms, aiming to create long-term value with a high degree of direct involvement in portfolio companies. Sverica manages approximately $2.3 billion for eight private equity fund clients on a discretionary basis. The firm charges management fees not exceeding 2.25% of committed capital quarterly or 2.5% semi-annually, with performance-based fees of 20% of net distributed cash. Clients have minimum capital commitments ranging from $25,000 to $30 million, and Sverica does not participate in wrap fee programs. The firm's investment strategy involves sector-focused investments in technology, software, industrial, and healthcare sectors, seeking companies with defensible business models and growth potential. Sverica's investment philosophy emphasizes operational improvements and long-term value creation, with a focus on stable, profitable companies in the lower middle market. The firm's investment discretion is granted through a limited power of attorney signed by limited partners. Sverica has no material legal or disciplinary events and maintains custody of client assets through qualified custodians. The firm exercises voting rights on client securities when necessary, and its financial condition is sound, with no bankruptcy history in the past decade.