Camden Partners Holdings, LLC
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.
12 additional team members, 12 additional co-investors and affiliates, 91 additional investments, funds and LPs, 16 events, 19 verified contacts (13 professional url, 4 published business email, 1 general firm email, 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.
Nothing material in the last 180 days.
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmEmailProfile
- Founder and PartnerWhy: Founder of the firmProfile
Relationship network
120 connected entities7 observed rounds1 repeat counterparty
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.
- Sponsor
- Company
- Fund or vehicle
- 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 Partners Holdings, LLC: 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 Partners Holdings, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
94 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| AgilQuest Corporation | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| American Public Education, Inc. | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Anicom, Inc. | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- fintech
- Stages
- growth
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
9 current, 8 departed
Decision makers
- J. Todd Sherman · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibilityLinkedIn or profile link and work email on file (firm website), confirmed 2026-10-01, confidence 95%
- David L. Warnock · Founder and PartnerWhy this person: Founder of the firm; Named with investment responsibilityLinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
Who else at this firm · 1 person, grouped by function
- Demian Costa · Operating Partner and AdvisorWhy this person: Operating partner: works with the portfolioLinkedIn or profile link and work email on file (firm website), confirmed 2026-10-01, confidence 95%
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. 3 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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Partner
- Founder and Partner
- Operating Partner and Advisor
10 departed (kept with end dates)
- David Lyle Warnock · Member, Manager, President & Chief Executive Officer · Feb 1, 2002 to Dec 17, 2021 Inference
- Atwood Collins · Manager · Oct 1, 2012 to Apr 28, 2016 Inference
- Georgios C Petrocheilos · Member And Manager (Camden Partners Nexus Ii, Llc) · Jun 1, 2019 to Aug 13, 2020 Inference
Contacts
1 general firm email, 4 published business email, 1 firm phone, 13 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
2 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Camden Private Capital Venture, LLC | Fund | 2018 adv first reported | Harvest | $1.9M Mar 25, 2026 | 83 | unknown | unknown |
| CP Nexus Sidecar I, LLC | SPV or co-invest vehicle | 2018 form d first sale | Harvest | $584,829 Mar 31, 2020 | 15 | $1.6M of $3.0M | Nov 13, 2018 |
| Camden Partners Nexus Fund II, LP | Fund | 2020 adv first reported | Wound down | $33.4M Mar 31, 2020 | 90 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
15 co-investors · on 5 other DFX graphs
Co-investors
- 2015-10-302 shared deals · recurring
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
Across DFX and the capital chainon 5 other DFX graphs ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Private Equity, RIA and Wealth, Independent Sponsors, Private Credit, Allocators, matched by identifier. See which records
Camden Partners Holdings, LLC is the same institution as 5 records in Private Equity, RIA and Wealth, Independent Sponsors, Private Credit and Allocators.
DFX found 5 relationships across 5 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
21 dated events, 89 observations from 3 sources
Timeline
- Nov 26, 2024Thomas John Rutherford (Chief Compliance Officer & Chief Financial Officer) no longer on Schedule A of Camden Partners Holdings, LLC
- Dec 17, 2021David Lyle Warnock (Member, Manager, President & Chief Executive Officer) no longer on Schedule A of Camden Partners Holdings, LLC
- Nov 1, 2021Jason R Tagler joined Schedule A of Camden Partners Holdings, LLC as Manager Of General Partner
- Nov 1, 2021Joseph Todd Sherman joined Schedule A of Camden Partners Holdings, LLC as Manager Of General Partner
- Mar 30, 2021Joseph Todd Sherman (Treasurer & Chief Financial Officer) no longer on Schedule A of Camden Partners Holdings, LLC
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 25, 2026 · 17 private fundsShowHide
- Headquarters
- Owings Mills, MDadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- CAMDENPARTNERS.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 25, 2026
- Private funds reported
- 17 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $370Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $370Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 4
- Owners on Schedule A
- Camden Partners Manager Holdings LP (Owner), owns 75% or more
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 11% of 17 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 11% of 18 private funds
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 25, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Nov 26, 2024 | Fact | Form ADV |
| First Form ADV filing | 2011-12-21 | Mar 25, 2026 | Fact | Form ADV |
| First Form ADV filing | 2011-12-21 | Nov 26, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-11-26 | Nov 26, 2024 | Fact | Form ADV |
| SEC status | Approved | Mar 25, 2026 | Fact | Form ADV |
| SEC status effective | 2001-11-01 | Mar 25, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Mar 25, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Nov 26, 2024 | Fact | Form ADV |
| Business phone | Mar 25, 2026 | Fact | Form ADV | |
| Business phone | Nov 26, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Employees | 4 | Mar 25, 2026 | Fact | Form ADV |
| Employees | 5 | Nov 26, 2024 | Fact | Form ADV |
| Headquarters | Owings Mills, MD | Mar 25, 2026 | Fact | Form ADV |
| Headquarters | Owings Mills, MD | Nov 26, 2024 | Fact | Form ADV |
| Office address | Mar 25, 2026 | Fact | Form ADV | |
| Office address | Nov 26, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 25, 2026 | Fact | Form ADV |
| PE funds reported | 16 | Mar 25, 2026 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 17 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 17 | Mar 25, 2026 | Fact | Form ADV |
| Private funds reported | 18 | Nov 26, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $370M | Mar 25, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $370M | Mar 25, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $403M | Nov 26, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $370M | Mar 25, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $413M | Nov 26, 2024 | Fact | Form ADV |
| Stated sectors | fintech “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | fintech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | fintech “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Oct 1, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Sep 13, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 1 | Mar 25, 2026 | Fact | Form ADV |
| Venture funds reported | 1 | Mar 25, 2026 | Fact | Form ADV |
| Venture funds reported | 1 | Nov 26, 2024 | Fact | Form ADV |
| Website | Mar 25, 2026 | Fact | Form ADV | |
| Website | Nov 26, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probable · 2 filing advisers share this firmShowHide
Registered adviser; venture funds are 11% of 17 private funds
This firm files as 2 advisers on camdenpartners.com: Camden Private Capital. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
- importance
- gav: 0 · funds: 0.17 · people: 0.2 · investments: 0.74 · scale basis: Venture-typed funds only (Private equity with venture activity): 2 funds, $2M of $2M reported · co investors: 0.48
- 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: 4 · reported gav: $1.9M · first adv filing: 2011-12-21 · years since first filing: 14.8