SQ Capital LLC

SQ Capital provides investment advisory services exclusively to private pooled funds and other institutional vehicles offered to qualified investors, managing portfolio sourcing, negotiation, monitoring and disposition on a discretionary basis for those funds. It does not provide retail or individualized advisory accounts and structures its services through each fund’s governing documents and offering materials.

The firm specializes in secondary-market strategies, primarily acquiring limited‑partner interests and participating in general partner‑led secondary and continuation transactions in the U.S. middle market (with some activity in western Europe), and combines direct investing experience, GP relationships and data‑science analysis to evaluate opportunities. It routinely offers co‑investment and post‑closing sell‑down arrangements, and may use fund‑level leverage and subscription facilities as part of its financing and portfolio management toolkit.

Noteworthy aspects include the firm’s explicit disclosure that it receives and, subject to fund offsets, may retain supplemental fees from portfolio investments—arrangements that can affect net economics for funds and differ from typical manager practices. With roughly $556 million in discretionary assets under management and a fund‑only client base, the firm operates on a compact institutional scale and uses side letters, affiliated‑investor fee exemptions and bespoke co‑investment allocations as regular parts of its operating model.