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| SDC Capital Partners LLC
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| CRD # | 291389 |
| SEC # | 801-115188 |
| CIK # | 0001723715 |
| AUM | 9,484.5 M (2026-05-01) |
| Employees | 44 (48% Investors, 0% Brokers) |
| Fees | |
| Minimum | |
| Phone | 212-813-6700 |
| Address | 817 Broadway New York, NY 10003 |
| Source | [IAPD] [EDGAR] [Website] [LinkedIn] |
| Total AUM ($B) |
|---|
| In the News | |
|---|---|
| Wed, 08 Jul 2026 | SDC Capital Partners Inks 23K-SF Lease at Savanna’s 799 Broadway — Commercial Observer |
| Fees and Compensation — Form ADV Part 2A (5/1/2026) [Brochure] |
|---|
Item 5 Fees and Compensation
Each Main Fund pays management fees to SDC, either semi-annually (no earlier than each January 15
and July 15 for each semi-annual period beginning January 1 and July 1, respectively) or quarterly in
advance. Until the earlier of (i) the end of each Main Fund’s commitment period or (ii) the date upon
which management fees receives or begin to accrue to SDC in respect of any successor fund that may
be formed in respect of such Main Fund, the management fee is 2.0% (per annum) of the aggregate
capital commitments. Thereafter, for the remaining life of each Main Fund, the management fee will
be 2.0% (per annum) of the total outstanding capital invested in investments that were not subject to
a disposition and an allocable portion of either (i) the expenses of such Main Fund (other than
management fees and organizational expenses) or (ii) the expenses incurred in direct connection
with making maintaining or disposing of each investment. It should be noted that a disposition in SDC
Digital Infrastructure Opportunity Fund I, L.P. (“Fund I”) is defined, generally, as all dispositions. Other
Main Funds include dispositions, generally, only where the disposition results in a reduction of
ownership interests. Limited partners admitted to a Main Fund or increasing their capital
commitments after the initial closing of such Main Fund will contribute their allocable share of the
management fee that otherwise would have been payable had all limited partners been admitted at
the initial closing of the applicable Main Fund, plus a late-closing charge. The General Partners have
the right in their sole discretion to waive or reduce all or part of the management fee payable with
respect to any limited partner, without waiving or reducing the management fee that is payable with
respect to other limited partners.
Under the Funds’ Governing Documents, the management fee will be calculated and charged on a
basis that generally is not tied to the Fund’s then-current net asset value. As further specified in the
relevant Governing Documents, from the effective date of the relevant Fund until a date specified in
the Governing Documents (the “Stepdown Date”) management fees will initially generally be
charged based on a formula tied to the amount of the relevant Fund’s aggregate commitments.
Further, after the Stepdown Date, a Fund’s management fee generally will be charged and calculated
based on a formula tied to the amount of contributed capital or the cost basis of investments
(including, where applicable, a Fund borrowing component (including interest expenses) and, subject
to the applicable Governing Documents, the amount of any capitalized Supplemental Fees (as
defined below) or expenses, including costs of operating partners) made by the relevant Fund relating
to the Fund’s aggregate investment(s) in its portfolio companies that have not been disposed of or
permanently written-down or written off for U.S. federal income tax purposes in the manner
described in the relevant Governing Documents (such investments, “Impaired Value Investments”).
Due to differences in the criteria set forth in their respective Governing Documents, in the event
where more than one Fund participates in an investment, there is the possibility that an investment
will become an Impaired Value Investment for purposes of one Fund’s Governing Documents but not
those of one or more other Funds.
Under the Funds’ Governing Documents, where the fair market value of an investment exceeds the
total amount of investment contributions relating to such investment, post-Stepdown Date
management fees will not be calculated based upon such appreciated value and will instead continue
to be calculated based on the amount of applicable investment contributions. Conversely, the Funds’
Governing Documents do not require management fees to be reduced or refunded following the
occurrence of a writedown, decrease (including a significant decrease) in fair value or other event
not constituting a complete realization, such as a partial sale or disposition, reorganization,
recapitalization (including recapitalizations involving dividends), roll-over investment in connection
with a sale or dividend distribution, except in the case of investments meeting the relevant Impaired
Value Investment standard under the Governing Documents. For the avoidance of doubt, following
the Stepdown Date, if the fair market value of an Impaired Value Investment is less than the total
amount of investment contributions relating to such Impaired Value Investment, then the amount
of management fees otherwise payable relating to such investment will be reduced solely based on
the ratio of the fair market value of each relevant remaining investment(s) as compared against the
amount of total investment contributions relating to such investment(s).
As a result, the amount of management fees generally will not correspond with fluctuations in the
net asset value of individual investments or of a Fund, including following the relevant investment
period, and will not be reduced in connection with any write downs (whether temporary or permanent),
except in the case of Impaired Value Investments. Except where the Governing Documents expressly
provide to the contrary, management fees generally will not be reduced (whole or in part) in
connection with any partial sales or dispositions, distributions (e.g., those resulting from a dividend
recapitalization) or reorganizations (other than if the Fund’s ownership in the applicable portfolio
company is reduced), restructurings, roll-over investments, extraordinary dividends or similar
transactions or in circumstances where one or more other Fund(s) divest their respective
... |
| Account Minimums and Types of Clients — Form ADV Part 2A (5/1/2026) [Brochure] |
|---|
Item 7 Types of Clients
As described in Item 4 above, SDC provides discretionary investment advice to the Funds, which are
private investment vehicles exempt from registration under the Investment Company Act. The Funds
are marketed exclusively to investors that generally include, without limitation, high-net worth
individuals, pension plans, trusts, financial institutions, endowments and other U.S. and non-U.S.
entities. Each investor is required to meet certain suitability requirements. Interests in the Funds
are sold only to investors who meet qualification requirements under applicable securities laws.
An investment in the Funds should be based on a prospective investor’s careful analysis of its overall
portfolio and its own objectives and needs in the areas of diversification, liquidity, return on
investment and risk management.
The Governing Documents of each of the Main Funds set forth a minimum capital commitment which
generally ranges from $5,000,000 to $15,000,000, subject to reduction at the discretion of the
relevant General Partner. The Governing Documents of the Co-invest Funds do not provide for a
minimum capital commitment. |
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| PE | SDC Bolt-A LP | [2025-03-31] | 5.0 M | 191.8 M |
| Filed 2024-04-02 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC Digital Infrastructure Opportunity Fund IV-A LP | [2025-03-31] | 320.4 M | |
| Filed 2024-01-09 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC Digital Infrastructure Opportunity Fund IV-B LP | [2025-03-31] | 858.9 M | |
| Filed 2024-01-09 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC Digital Infrastructure Opportunity Fund IV LP | [2025-03-31] | 1,289.1 M | |
| Filed 2024-01-09 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC IQ Fiber Co-Invest-A LP | [2025-03-31] | 17.6 M | |
| Filed 2024-11-21 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC IQ Fiber Co-Invest LP | [2025-03-31] | 52.5 M | |
| Filed 2024-11-21 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC Skyline LP | [2025-03-31] | 1,449.6 M | |
| Filed 2024-04-26 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC Digital Infrastructure Opportunity Fund III LP | [2022-03-31] | 1,354.0 M | 1,783.5 M |
| Filed 2022-03-18 (D) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC ALLO Co-Invest LP | [2021-03-30] | 58.0 M | 137.0 M |
| Filed 2020-10-21 (D) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | SDC Digital Infrastructure Opportunity Fund II LP | [2020-03-30] | 750.0 M | 2,561.6 M |
| Filed 2020-05-29 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Remaining Indefinite · Duration One year or less · Commission $5,110,000 · Revenue Decline to Disclose | ||||
| PE | SDC Summit Co-Invest LP | 2019-03-31 | 0.2 M | |
| PE | SDC Summit Holdings LLC | 2019-03-31 | 201.1 M | |
| PE | SDC Digital Infrastructure Opportunity Fund I LP | [2018-04-04] | 400.0 M | 822.4 M |
| Offered $400,000,000 · Filed 2018-08-10 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Duration One year or less · Commission $5,250,000 · Revenue Decline to Disclose | ||||
| AUM Breakdown | Accounts | AUM ($B) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 11 | 9.5 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 11 | 9.5 |
| By Discretionary | ||
| Discretionary | 11 | 9.5 |
| Non-Discretionary | 0 | 0.0 |
| Total | 11 | 9.5 |
| By Non-United States Persons | ||
| Non-United States Persons | 0.0 | |
| United States Persons | 9.5 | |
| Total | 11 | 9.5 |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| Doug Kaden | Executive Officer | 12 | 3 | |
| Todd Aaron | Executive Officer | 19 | 2 | |
| Sdc Digital Infrastructure IV Ugp LLC | Promoter | 5 | 1 | |
| Sdc Diof IV GP LP | Promoter | 5 | 1 | |
| Sdc Capital Partners LLC | Promoter | 3 | 1 | |
| Sdc Digital Infrastructure III Ugp LLC | Promoter | 2 | 1 | |
| Sdc Diof III GP LP | Promoter | 2 | 1 | |
| Sdc Diof II GP LLC | Executive Officer, Promoter | 2 | 1 | |
| Sdc Diof I GP LLC | Promoter | 1 | 1 | |
| Sdc Skyline GP LLC | Promoter | 1 | 1 | |
| View All | ||||
| EDGAR Form | CIK | 2011 - 2026 |
|---|---|---|
| D | [0001723715] |
| Firm Profile (Form ADV) | |
|---|---|
| Serves | Institutional |
| Fund Types | Private Equity |
| LEI | 2549004XDJVEW3YZDR11 |
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