DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Sole Source Capital LLC
Sole Source Capital LLC
Private equity with venture activity · probableDallas, TXsolesourcecapital.comSEC registered investment adviser
Sole Source Capital is a lower-middle market investment firm specializing in private and founder-owned companies, corporate carve-outs, management buy-outs, and special situations across North America.
registered adviser; venture funds are 17% of 5 private funds
Importance
39
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
14
low
Identity and regulatory footprint
- Headquarters
- Dallas, TXadviserinfo.sec.gov
- Office address
- 4143 MAPLE AVENUE, SUITE 240, Dallas, TX, 75219adviserinfo.sec.gov
- Business phone
- (214) 617-4745adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 26, 2024
- Private funds reported
- 5 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.4Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $1.4Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 24
- Owners on Schedule A
- First Republic Trust Company of Delaware, LLC (Trustee), E; David Fredston Family Irrevocable Trust (Member), B; David a. Fredston and Rochelle Gores Fredston Revocable Trust (Member), D; Rochelle Fredston Family Irrevocable Trust (Member), B
- business phone
- (214) 617-4745adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
13 observed deals
Stated (the firm’s website)
- Sectors
- industrial
- Stages
- not stated or not yet read
- Geography
- north america
- 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
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 13
Funds and vehicles
5 reported, 1 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| SSC Partners Ii-A | Feeder or parallel · ADV: Private Equity Fund | 2019 form d first sale | Mature | $935M Mar 26, 2024 | 173 | $247M | Dec 21, 2020 |
| SSC Partners Ii-B | Feeder or parallel · ADV: Private Equity Fund | 2019 form d first sale | Mature | $132M Mar 26, 2024 | 16 | $38.5M | Dec 21, 2020 |
| SSC Partners Cantium LP | Fund · ADV: Private Equity Fund | 2017 form d first sale | Harvest | $90.3M Mar 26, 2024 | 34 | $13.3M of $13.3M | Jul 5, 2017 |
| SSC Partners I LP | Fund · ADV: Private Equity Fund | unknown | Unknown | $235M Mar 26, 2024 | 75 | $0 | Dec 12, 2017 |
| SSC Partners I-A LP | Feeder or parallel · ADV: Private Equity Fund | unknown | Unknown | $19.3M Mar 26, 2024 | 6 | $0 | Dec 13, 2017 |
| SSC Partners Ii-Executive LP | Fund | 2020 adv first reported | Wound down | $1.4M Mar 30, 2020 | 4 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
7 current, 0 departed
David a Fredston
Board or advisoryTrustee · since Nov 1, 2017
Rochelle Gores Fredston
Board or advisoryTrustee · since Nov 1, 2017
David Fredston
Founder or executiveFounder, CEO
Dewey Turner III
Founder or executiveChairman
Scott Sussman
PartnerChief Investment Officer
Bruno Adoric
Platform and operationsCfo, Cco · since Apr 1, 2019
Bruno Adoric
Platform and operationsCFO, COO
Investments on record
13 edges, 13 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
2 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
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.
Timeline
9 dated events
- Mar 31, 2021SSC Partners Ii-Executive LP no longer reported on Form ADV by Sole Source Capital LLCFund no longer reportedFundsInferenceSSC Partners Ii-Executive LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020SSC Partners Ii-B first reported on Form ADV by Sole Source Capital LLC (Venture Capital Fund), GAV $33,500,000Fund first reported on Form ADVFundsFactSSC Partners Ii-BSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020SSC Partners Ii-Executive LP first reported on Form ADV by Sole Source Capital LLC (Venture Capital Fund), GAV $1,430,000Fund first reported on Form ADVFundsFactSSC Partners Ii-Executive LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020SSC Partners Ii-A first reported on Form ADV by Sole Source Capital LLC (Venture Capital Fund), GAV $168,000,000Fund first reported on Form ADVFundsFactSSC Partners Ii-ASEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2019Bruno Adoric joined Schedule A of Sole Source Capital LLC as Chief Compliance Officer
- Mar 29, 2019Sole Source Capital LLC first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2019SSC Partners Cantium LP first reported on Form ADV by Sole Source Capital LLC (Venture Capital Fund), GAV $77,579,330Fund first reported on Form ADVFundsFactSSC Partners Cantium LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2019SSC Partners I LP first reported on Form ADV by Sole Source Capital LLC (Venture Capital Fund), GAV $210,356,830Fund first reported on Form ADVFundsFactSSC Partners I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2019SSC Partners I-A LP first reported on Form ADV by Sole Source Capital LLC (Venture Capital Fund), GAV $17,638,589Fund first reported on Form ADVFundsFactSSC Partners I-A LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 17% of 5 private funds
Evidence
36 observations from 2 sources