Investment Fund IV
Fixed Wireless & Rural Broadband
Rural fixed wireless broadband platforms qualifying for BEAD and ReConnect funding.
Fund Size
$2.220B
Committed capital
Target Net IRR
12-16%
Over 15-year fund term
Strategy
Fixed Wireless & Rural Broadband
Fund IV builds and acquires fixed wireless broadband operators serving rural and suburban markets, capturing state BEAD allocations, USDA ReConnect grants, and FCC High-Cost Program contracts.
The fund is structured as a Delaware Limited Partnership with a discrete general partner entity, independent LPA, and audited financials prepared by PwC. Telvo Capital Management, LLC serves as investment manager.
Terms
Institutional fund terms.
StructureDelaware Limited Partnership
Investment ManagerTelvo Capital Management, LLC
Fund Size$2.220B
Term15 years plus two 1-year GP extensions
Investment Period5 years from initial close
Preferred Return8% per annum
Carried Interest20% with 100% GP catch-up
WaterfallEuropean whole-fund
LP Minimum$10 million
Target Net IRR12-16%
AuditorPwC
Legal CounselLePore Law Group
Key PersonAlexandra Pohl
Institutional Capital