Vaquero Capital
Vaquero Capital identifies its principal office in San Francisco and describes itself as an investment bank serving growth companies. Its stated services include M&A advisory, private-placement advisory and investments, and it may offer equity positions through an affiliate entity.
What stands out about Vaquero Capital
Vaquero Capital publicly presents an advisory model centered on M&A, private placements and investments for technology and technology-enabled companies. Its disclosures also describe a possible affiliate equity-investment role, while its public Services and Overview pages do not state universal quantitative client-size or transaction-size thresholds.[1][2][5]
What does Vaquero Capital do?
Vaquero Capital identifies its principal office as 1414 Castro St., Suite D, San Francisco, CA 94114, and describes itself as an investment bank serving growth companies. The firm publicly presents services spanning M&A advisory, private-placement advisory and investments.[1][2]
Vaquero Capital states that it provides M&A advisory, private-placement advisory and investment services. Its public positioning includes advisory work for buyers and sellers in technology-related transactions and capital raising for growth companies.[2]
Owners comparing advisory firms can also review Auxo’s M&A advisor vs. business broker vs. investment bank comparison, advisor-selection guide, and sell-side advisor evaluation framework.
What should a business owner evaluate before hiring Vaquero Capital?
Owners evaluating Vaquero Capital can clarify the target company and transaction-size ranges for a prospective engagement because the cited Services and Overview pages do not state universal quantitative thresholds. They can also ask which legal entity would be engaged and how advisory services would be separated from any affiliate investment activity. Vaquero’s stated ability to commit capital alongside investors makes the firm’s conflict-disclosure and conflict-management procedures an important engagement topic.[1][2]
Which legal entity would be engaged, and what are the advisory fees, retainers, success fees, expense reimbursements, tail provisions and termination terms
If Vaquero Capital or an affiliate may invest alongside buyers or investors, how are conflicts disclosed and managed, and does that affect buyer selection or transaction recommendations
What size transactions and clients does Vaquero Capital focus on?
Vaquero Capital identifies software and SaaS, industrials, transportation and energy technology, built-environment and real-estate software, governance-risk-and-compliance technology, govtech, higher education and nonprofit software, healthcare software, and internet and digital marketing among its core sectors.[3]
Vaquero’s official release states that it served as financial adviser to Accelo in connection with Bow River Capital’s majority investment, announced March 7, 2024. A separate release states that it served as financial adviser to Art Storefronts in connection with PeakEquity Partners’ majority investment, announced May 21, 2024.
Vaquero’s February 12, 2025 release states that Carina Software acquired Ikon Science in a transaction finalized December 27, 2024.[4][5][6]
The firm’s stated transaction focus includes M&A advisory, private placements and investments. Vaquero also states that it may offer an equity position in a client’s business by committing capital alongside investors through an affiliate entity.[1][2]
What does Vaquero Capital publicly disclose about fees, process and engagement terms?
The cited official Services page does not publish a universal minimum or maximum revenue, EBITDA, enterprise-value or transaction-size criterion. The cited official Overview page also does not publish a universal quantitative client-size or transaction-size threshold.
The cited official Art Storefronts transaction release identifies the investment and transaction participants but does not publish transaction consideration or valuation metrics.[1][2][5]
Vaquero Capital’s official disclosures state that Vaquero Capital LLC is a broker-dealer registered with the Securities and Exchange Commission, regulated by FINRA, and a member of FINRA and SIPC. The disclosures also state that it is not a retail broker-dealer. A current SEC Form X-17A-5 annual report identifies Vaquero Capital LLC as a broker-dealer and lists the San Francisco principal place of business.[7][8]
Vaquero Capital states that it seeks to understand a founder’s goals and objectives, tailor the transaction process to those priorities, and help navigate the growth-company lifecycle.[1]
Questions to ask before hiring Vaquero Capital
What are Vaquero Capital's target revenue, EBITDA, enterprise-value or transaction-size ranges for a prospective engagement?
Which legal entity would be engaged, and what are the advisory fees, retainers, success fees, expense reimbursements, tail provisions and termination terms?
If Vaquero Capital or an affiliate may invest alongside buyers or investors, how are conflicts disclosed and managed, and does that affect buyer selection or transaction recommendations?
What percentage of recent engagements were sell-side M&A, buy-side M&A, private placements or principal investments, and which buyer and investor groups are active in the client's sector?
Sources & research notes
- Official website / firm overview
- Services / capabilities
- Industry / market focus
- Transaction / portfolio evidence
- Transaction / portfolio evidence
- Transaction / portfolio evidence
- Structure / regulatory context
- SEC filing / regulatory record
How this profile was researched
Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.
Independent research profile
This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.
Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.
Broker-dealer and securities disclosure
Auxo Capital Advisors is an affiliate of Weild & Co., Member FINRA | SIPC. Securities-related activities and securities transactions are conducted through Weild & Co.
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