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TVC Capital
TVC Capital is a private equity based in La Jolla, founded 2006; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
TVC Capital
TVC Capital is an SEC-registered investment adviser based in La Jolla, CA, established in 2012.
General information
Firm type
Private Equity
Year founded
2006
Location
Region
North America
Country
United States
City
La Jolla
Corporate office
La Jolla, CA, United States
Sector focus
Frequently asked questions
Who runs investment decisions at TVC Capital?
Jeb Spencer and Steven Hamerslag co-founded the firm and drive all investment decisions. Spencer's operational background includes leadership roles at multiple enterprise software companies prior to launching TVC Capital in 2006, which continues to inform the firm's underwriting and portfolio management approach.
What investment stage does TVC Capital typically target?
TVC Capital targets growth equity and buyout opportunities in enterprise software companies generating $3 million to $12 million in revenue. The firm enters post-product-market-fit but before institutional late-stage capital, a gap created when founders seek partial liquidity or strategic operating partners rather than full exits.
How does TVC Capital source proprietary deal flow?
The firm sources primarily through founder referrals, software executive networks, and relationships cultivated since its 2006 founding. TVC Capital's operator-heritage means many deal leads come from repeat entrepreneurs who previously worked with or were referred by the firm's partners and portfolio executives.
Does TVC Capital participate in fund commitments or only direct deals?
TVC Capital executes direct growth equity and buyout investments rather than fund-of-fund commitments. The firm does not publicly report allocations to outside managers, maintaining a concentrated portfolio approach where each partner-led deal receives active board-level involvement.
Which sectors does TVC Capital explicitly avoid?
The firm concentrates exclusively on enterprise software. Historical exits include compliance, data management, and financial software companies. TVC Capital has not disclosed investments in consumer internet, hardware, life sciences, or financial services outside its software perimeter.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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