Brightwood Capital Advisors, LLC (BCA), a reputable investment advisory firm founded in 2010 and registered with the U.S. Securities and Exchange Commission since 2013, has reported notable changes in its recent Form ADV filing.
The firm is a wholly-owned subsidiary of Brightwood Capital Advisors, LP, which is fully owned by Sengal Selassie. Selassie is the managing member of Brightwood Capital Advisors GP, LLC, the general partner of Brightwood Capital Advisors, LP.
BCA specializes in serving private investment funds that focus on secured loans of middle-market companies based in the United States. These investment vehicles are sold privately to institutional and high-net-worth investors.
BCA, known for providing portfolio management and investment advisory services to pooled investment vehicles, has observed a significant surge in its Assets Under Management (AUM), moving from $4.44 billion to $5.70 billion between March 2022 and June 2023, a 28.4% rise. The firm's clientele has concurrently expanded, with the total number of accounts increasing from 23 to 25. Additionally, BCA's team has grown by 22.2%, expanding from 45 to 55 employees.
The company's structure has undergone considerable transformation.
As of March 30, 2023, Damien Ramon Dwin and Sengal MG Selassie stepped down from their roles as managing members and limited partners. Their long-standing roles at Brightwood Capital Advisors GP, LLC and Brightwood Capital Advisors, LP, initiated in February 2012 and February 2010 respectively, have been terminated.
Similarly, Brightwood Capital Advisors GP, LLC ended its partnership, which had been in effect since February 2012.