Overview
For purposes of this brochure, “Renovo” means Renovo Capital, LLC, a Delaware limited
liability company, together (where the context permits) with its affiliates that provide
advisory services to and/or receive advisory fees from the Funds (as defined below). Such
affiliates may or may not be under common control with Renovo Capital, LLC, but possess
a substantial identity of personnel and/or equity owners with Renovo Capital, LLC. Such
affiliates may be formed for tax, regulatory, or other purposes in connection with the
organization of the Funds, or may serve as general partners (“General Partners”) of the
Funds.
Renovo provides investment advisory services to investment vehicles (each a “Fund” and,
collectively, the “Funds”) that are exempt from registration under the Investment
Company Act of 1940, as amended, and whose securities are not registered under the
Securities Act of 1933, as amended (the “Securities Act”).
The Funds focus primarily on acquiring lower middle market businesses undergoing
varying degrees of operational, financial, or market-driven change which require unique
capital solutions and operational expertise. Renovo’s
advisory services consist of
investigating, identifying, and evaluating investment opportunities, structuring,
negotiating, and making investments on behalf of the Funds, managing and monitoring
the performance of such investments, and disposing of or realizing such investments.
Renovo provides investment advisory services to each Fund in accordance with the
investment objectives and restrictions set forth in each Fund’s confidential private
placement memorandum, limited partnership agreement, and/or other governing
documents (the “Governing Documents”). Investment advice is provided directly to the
Funds, subject to the discretion and control of the applicable General Partner, and not
individually to the investors in the Funds.
The principal owners of Renovo Capital, LLC are Donald Jungerman and David Hull. (the
“Principals”). As indicated on Form ADV Part 1A, the Principals hold their interests in
Renovo Capital, LLC indirectly through one or more intermediary entities.
Renovo has been in business since 2009. As of December 31, 2023, Renovo managed
$738,088,279 of client assets, all of which are managed on a discretionary basis.