Banneker Partners LLC

Banneker Partners, LLC is a private equity firm established in 2016, headquartered in San Francisco, CA, with an additional office in Portland, OR. The firm specializes in control-oriented investments in lower middle-market North American vertical enterprise software companies. Banneker primarily serves as an investment adviser to private investment funds, including special purpose vehicles (SPVs), with approximately $2.2 billion in assets under management as of December 31, 2024. The firm's team of nine professionals, led by nine partners, collectively has over 80 years of relevant investing, operating, and administrative experience. Banneker's fee structure is negotiable and varies among the funds and investors, typically involving a quarterly asset-based management fee ranging from 0% to 2% annually. Performance-based fees, in the form of carried interest, are also applicable. The firm does not participate in wrap fee programs and expenses are generally borne by the funds, including organization costs, legal fees, and other professional expenses. Investment discretion is granted to Banneker, allowing the firm to select and manage portfolio companies in line with each fund's investment objectives. The firm's investment strategy focuses on creating value through operational improvements and strategic M&A in the software industry. Banneker's risk disclosure highlights the inherent risks of investing in private companies, including financial and operating risks, market competition, and the uncertain timing of profit realization. Overall, Banneker Partners, LLC acts as a fiduciary, providing tailored advisory services to its clients while maintaining transparency regarding its investment strategies, fee structures, and potential conflicts of interest.