Fc Capital Management LLC

FC Capital Management, LLC, operating as Frontier Growth, is a Delaware limited liability company established in October 2007. The firm specializes in providing investment advisory services to pooled investment vehicles exempt from registration under the Investment Company Act of 1940. The Frontier Funds, including Frontier Fund III, IV, V, and Opportunity Fund, focus on un-levered investments in software companies with profitability, predictable revenue, high margins, and growth potential. The investment strategy typically involves preferred equity investments. The firm operates on a discretionary basis with approximately $1.88 billion in assets under management as of December 31, 2024. The principal owners are Richard T. Maclean, Andrew D. Lindner, and Goldpark Limited. Clients of the firm are exclusively the Funds, with a minimum investment requirement ranging from $100,000 to $5,000,000. The firm charges an annual management fee of up to 2.0% for its services, with additional client responsibilities for operating expenses, brokerage commissions, and custodial fees. The firm does not receive performance-based fees but allows for carried interest distributions to the General Partners of the Funds. The investment strategy involves intensive direct sourcing and analysis of high-growth companies in the lower middle market, with a focus on software companies. Clients are provided with regular reporting updates and audited financial statements. The firm has no disciplinary events to disclose and maintains custody of assets through a qualified custodian. The Adviser has discretionary authority over client investments and votes proxies in the best interests of the Funds.