Camden Private Capital

Private equity with venture activitypart of Camden Partners Growth EquitySEC-registered adviserClassification probable· Baltimore, MarylandCAMDENPARTNERS.COM

Since our founding in 1995, Camden Partners has focused on investing growth equity in lower middle market companies. We actively partner with strong management teams leveraging our domain expertise, operating experience and extended network of resources to help growth companies reach their full potential.

In the firm's own words, from its website.

Reported fund assets
$162M
the adviser's own Form ADV total
New companies, 12 mo
None
Investment team
6
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

1 additional team member, 12 additional co-investors and affiliates, 5 additional investments, funds and LPs, 2 events, 3 verified contacts (2 professional url, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 2 deals
    with NEW Markets Venture Partners

    Invests most often alongside NEW Markets Venture Partners (2 shared deals).

    pair last observed on record 30 Oct 2015, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people

Relationship network

22 connected entities14 observed rounds4 repeat counterparties10 dated rounds shown here, 2009 to 2020

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Camden Private Capital: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Camden Private Capital

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

94 companies on record, 0 new in 12 months

Investments on record

94 companies, 14 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Pinnacle Automotive Hospitality Services Holdings, Inc.Form D equity offeringunknown · boardDavid Lyle Warnock (strongly supported)$1.0M
form d sold
unknownMar 23, 2020Inference Form D
Paragon Bioservices, Inc.Form D equity offeringunknown · boardDonald W. Hughes (strongly supported)$5.0M
form d sold
unknownAug 6, 2018Inference Form D
Calvert Education Services, LLCForm D equity offeringunknown · boardDavid Lyle Warnock (strongly supported)$13.3M
form d sold
unknownMar 28, 2018Inference Form D

Stated thesis versus observed behaviour

14 observed deals
Stated (the firm’s website)
Sectors
fintech
Stages
growth
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (1)Healthcare services (1)
lead rate no observed dealsfollow-on rate 38%new companies, 12 months 0

Team

9 current, 8 departed

Decision makers

who to call first, and why; then everyone else by function
  • Donald W. Hughes · Manager
    Why this person: Named with investment responsibility
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
  • David Lyle Warnock · Manager
    Why this person: Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Finance, operations and compliance (1)
  • Joseph Todd Sherman · Chief Compliance Officer
    Why this person: Chief Compliance Officer at the firm

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

9 current, 8 departed
4 departed (kept with end dates)

Contacts

1 firm phone, 2 professional url

1 firm phone, 2 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

0 vehicles, 0 LPs disclosed

Funds and vehicles

0 reported
No vehicle on record yet. A fund arrives from Form ADV Schedule D 7.B.(1) or a Form D filing.

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

15 co-investors · on 3 other DFX graphs

Co-investors

15 counted from shared deals, for the whole firm
Across DFX and the capital chainon 3 other DFX graphs Show
Across DFX
  • The same institution is held on Private Equity, RIA and Wealth, Private Credit, matched by identifier. See which records
Across the graphs

Camden Private Capital is the same institution as 3 records in Private Equity, RIA and Wealth and Private Credit.

Private Equity1RIA and Wealth1Private Credit1

DFX found 3 relationships across 3 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Evidence and history

7 dated events, 34 observations from 2 sources

Timeline

7 dated events
  1. Apr 28, 2016
    Mark Augustus Graham (Manager) no longer on Schedule A of Camden Private Capital
    Person leftPeopleInferenceMark Augustus GrahamForm ADV
  2. Apr 28, 2016
    Atwood Collins (Manager) no longer on Schedule A of Camden Private Capital
    Person leftPeopleInferenceAtwood CollinsForm ADV
  3. Jul 30, 2013
    Richard M. Johnston (Retired) no longer on Schedule A of Camden Private Capital
    Person leftPeopleInferenceRichard M. JohnstonForm ADV
  4. Jul 30, 2013
    Richard Manning Berkeley (Manager) no longer on Schedule A of Camden Private Capital
    Person leftPeopleInferenceRichard Manning BerkeleyForm ADV
  5. Jan 1, 2013
    Joseph Todd Sherman joined Schedule A of Camden Private Capital as Chief Compliance Officer
    Person joinedPeopleFactJoseph Todd ShermanForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2017 · 8 private fundsShow
Headquarters
Baltimore, MDadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Mar 31, 2017
Private funds reported
8 (1 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$162Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$162Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
19
Owners on Schedule A
Camden Partners Holdings, LLC (Member), owns 75% or more

Classification history

Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 12% of 8 private funds

Evidence

34 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC adviser typeRegistered investment adviserMar 31, 2017FactForm ADV
First Form ADV filing2011-12-21Mar 31, 2017FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2017-03-31Mar 31, 2017FactForm ADV
Venture share of reported funds0Mar 31, 2017FactForm ADV
Business phoneMar 31, 2017FactForm ADV
DescriptionSep 12, 2026Fact
Employees19Mar 31, 2017FactForm ADV
HeadquartersBaltimore, MDMar 31, 2017FactForm ADV
Office addressMar 31, 2017FactForm ADV
Portfolio pageSep 12, 2026Fact
Private funds reported8Mar 31, 2017FactForm ADV
Private fund gross assets (reported)$162MMar 31, 2017FactForm ADV
Regulatory AUM (adviser, not fund size)$162MMar 31, 2017FactForm ADV
Stated sectorsfintech
“sector words on the home page”
Sep 12, 2026Fact
Stated stagesgrowth
“stage words on the home page”
Sep 12, 2026Fact
Team pageSep 12, 2026Fact
Venture funds reported1Mar 31, 2017FactForm ADV
WebsiteMar 31, 2017FactForm ADV
Site titleSep 12, 2026Fact
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probable · 2 filing advisers share this firmShow
Importance
10
low
Active deployment
0
low
Emerging
0
low
Freshness
89
high
Private equity with venture activity · probableSEC registered investment adviser

Registered adviser; venture funds are 12% of 8 private funds

One of 2 advisers that share camdenpartners.com; the firm is Camden Partners Growth Equity. Camden Partners Holdings, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

The inputs behind each score
importance
gav: 0 · funds: 0 · people: 0.08 · investments: 0.43 · scale basis: Venture-typed funds only (Private equity with venture activity): 0 funds, $0M of $162M reported · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 0 · reported gav: $162M · first adv filing: 2011-12-21 · years since first filing: 14.8

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 identity change, 1 dated event on the change ledger, latest event first
  • Grouped with firm
    2026-09-12
  • Adviser's first ADV filing
    2011-12-21source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

Not yet on record: latest vintage.