# Sandler Capital: portfolio, investments and team

> Sandler Capital is a vc firm based in United States. 6 investments on record, latest Nov 2005. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/sandler-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Sandler Capital

Last cheque observed Nov 2005. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund $961K, Jan 2011 VC firm

Venture Series A Series C Biotechnology Real Estate

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 6 on record

Since the last cheque **7665** days **00** hrs **00** min **00** sec

Median round **$31M** Rounds led **0 of 6** Sole investor **2 rounds** Exits **2 from the portfolio** Mostly in **United States, 100%**

Pitch Sandler Capital

## Sandler Capital highlights

- 01 6 rounds on record
- 02 Mostly Venture and Series A: 67% of its rounds
- 03 Sole investor in 2 rounds, median $13M
- 04 2 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Biotechnology Real Estate
- **Based in:** United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **6 appearances**

- **2005** 2 rounds
- **Nov** **[Local Matters](https://millionrounds.com/company/local-matters)** Venture · US · denver.bizjournals.com **$20M** Sole investor
- **Mar** **[Farelogix](https://millionrounds.com/company/farelogix)** Series C · US · farelogix.com **$6.0M** Sole investor
- **2003** 2 rounds
- **Nov** **[AAT Communications](https://millionrounds.com/company/aat-communications)** Venture · US **$180M** With 3 others
- **Jul** **[Advanced Data Exchange](https://millionrounds.com/company/advanced-data-exchange)** Series D · US **$10M** With 5 others
- **2001** 1 round
- **Jun** **[Infolibria](https://millionrounds.com/company/infolibria)** Venture · US **$41M** With 10 others
- **2000** 1 round
- **Apr** **[Quisic](https://millionrounds.com/company/quisic)** Series A · US **$42M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **9 named**

AM **Andrew Mark Sandler** Managing Director of Sandler Captal Management, Investment Manager i Filing they signed

BB **Brent Benkovic** Managing Director i Form ADV

DE **Douglas Evan Schimmel** Managing Director i Form ADV

EM **Eric Michael Lewis** Managing Director i Form ADV

MJ **Michael Joseph Marocco** Managing Director i Form ADV

SW **Stacey Wruble Seewald** Chief Compliance Officer i Form ADV

SG **Steven Gary Warshavsky** Chief Financial Officer i Form ADV

VM **Vito Menza** Managing Director i Form ADV

WA **William Anthony Bianco** Managing Director i Form ADV

We also hold **18** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$395M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Sandler Capital Management
- **SEC number:** CRD 109856

Funds on its Form ADV

**14** private funds, **$1.8B** in gross assets · filed May 2024

Hedge **11** Private equity **3**

- Amundi Alternative Funds PLC Acting in Respect of the Amundi Sandler US Equity Fund *Hedge* 90 investors $689M
- Sandler Plus Master Fund, LTD. *Hedge* 63 investors $426M
- Sandler Plus Domestic Fund, L.P. *Hedge* 23 investors $191M
- IMAP Cayman SCM L.P. *Hedge* 1 investor $163M
- Sandler Plus Offshore Fund, LTD. *Hedge* 20 investors $117M
- Sandler Master Fund, LTD. *Hedge* 20 investors $66M
- Sandler Associates *Hedge* 19 investors $45M
- Managed Fund/Sandler Plus Offshore Fund Limited *Hedge* 6 investors $42M
- Sandler Plus Domestic Fund II, L.P. *Hedge* 20 investors $21M
- Sandler Total Return Opportunities Fund, L.P. *Hedge* 2 investors $14M

And 4 more on the filing.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Advanced Data Exchange](https://millionrounds.com/company/advanced-data-exchange)** Bought by Liaison Technologies **Undisclosed** Jan 2010

**[Infolibria](https://millionrounds.com/company/infolibria)** Bought by Certeon **Undisclosed** Jan 2003

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$961K**

raised in Jan 2011

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Venture Series A Series C

Median round joined **$31M** the round, not its cheque Alone, median **$13M**

Led 0 of 6 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Nov 2005
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Venture *3*
- Series A *1*
- Series C *1*
- Series D *1*

Cheques by year Led Joined

2000 2005

Often in the room with

- [GE Capital](https://millionrounds.com/fund/ge-capital) 2

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## Who they invest alongside

The investors most often in the same rounds as Sandler Capital. A count of rooms they were both in, not a relationship either has claimed.

[**GE Capital** VC firm **2** rounds together](https://millionrounds.com/fund/ge-capital)

## Quick answers about Sandler Capital

### What does Sandler Capital invest in?

Sandler Capital invests most often at Venture and Series A (67% of the rounds on record), in sectors such as Biotechnology and Real Estate.

### How active is Sandler Capital?

6 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2005.

### How big are Sandler Capital's cheques?

The median round it joins is $31M.

### Does Sandler Capital lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

### Where does Sandler Capital invest?

Most of the companies it backs are in the United States (100%).

### Is Sandler Capital investing now?

No investments in the last 12 months; the latest was in Nov 2005.

### Who does Sandler Capital invest alongside?

Most often GE Capital (2 rounds together).

### What kind of investor is Sandler Capital?

Sandler Capital is a VC firm based in United States.

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