Investment Fund VI
Wireless Spectrum Portfolio
Spectrum license aggregation across FCC auction bands and secondary market transfers.
Fund Size
$1.400B
Committed capital
Target Net IRR
12-16%
Over 15-year fund term
Strategy
Wireless Spectrum Portfolio
Fund VI acquires wireless spectrum licenses via FCC auctions and secondary transfers across low, mid, and high bands, leasing spectrum to carriers, wireless ISPs, and private 5G operators under multi-year 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$1.400B
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