About Us
Collaborative partners
Since 2016, Sweetwater has closed over 70 transactions while deploying $1+ billion into technology, healthcare, financials, industrials, and consumer product companies. Our solutions are designed to maximize value and minimize risk.
Overview
Sweetwater team members have been investing in the private markets for 30 years, establishing domain expertise and developing long-term relationships with well-regarded partners.
Our approach to investing in the private market is set out to accomplish two primary objectives: access market-leading companies for our clients and develop mutually beneficial investment opportunities with our counterparties.
Our history
2016
- Opening of San Diego office
- Awarded advisory mandate with the State of Texas
- Inherited existing venture portfolio (Fund I)
2018
- $100M AUM
- Launch of Fund II, a dedicated direct secondary strategy
- First secondary direct investment
- First structured secondary investment
2020
- Fund II closed with $350 million in capital commitments
- $500 million regulatory AUM
2021
- Launch of Fund III
2023
- Fund III closed with $505 million in capital commitments
- $1.0 billion regulatory AUM

2025
- Launch of Fund IV
2016
2018
2020
2021
2023
2025