Recurring Capital Management Company, LLC

Recurring Capital Management Company, LLC advises private pooled investment vehicles and special purpose co‑investment vehicles offered to qualified purchasers and accredited investors, managing approximately $250 million in discretionary assets as of December 31, 2025. The firm provides portfolio management focused on originating, negotiating, monitoring, and exiting secured loans and related equity investments for its Funds.

The firm’s investment approach emphasizes capital preservation through underwriting and active monitoring of companies with recurring‑revenue business models, primarily growth‑stage software and technology firms (including SaaS). Like many peers, Recurring Capital’s Funds pay percentage‑of‑AUM management fees and may include carried interest and side‑letter arrangements; the General Partner may also offer co‑investments and special purpose vehicles on a deal‑by‑deal basis.

The Brochure discloses a few practices that are less common among peers: the firm may use endorsements in its advertising, it describes the use of AI tools for research and portfolio monitoring while noting AI‑related operational and cybersecurity risks, and it shares business infrastructure with a third‑party fund administrator and has designated certain administrator personnel as supervised persons to mitigate conflicts. The firm has also recently added affiliated general partners and launched new pooled vehicles (e.g., Recurring Capital Fund V and RC Secondary), reflecting an active fund‑formation and co‑investment program managed under each Fund’s governing documents.