WATERWHEEL CAPITAL MANAGEMENT, L.P. other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm
- Outside the United States

Number of Employees:

2

of those in investment advisory functions:

2

Registration:

SEC, Approved, 9/13/2017

AUM:

194,667,433 -16.52%

of that, discretionary:

194,667,433 -16.52%

GAV:

91,879,873 -24.56%

Avg Account Size:

24,333,429 -6.08%

SMA’s:

YES

Private Funds:

2 1

Contact Info

(64 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
233M 200M 167M 133M 100M 67M 33M
2017 2018 2019 2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Hedge Fund 1 $55,860,574
Other Private Fund 1 $36,019,299

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Private Funds



Employees




Brochure Summary

Overview

4 A.Waterwheel is a Delaware limited partnership and has its principal place of business in Athens, Greece. The Adviser was formed in 2017. The Adviser is owned by Waterwheel Capital GP, LLC and John Wollen. Waterwheel Capital GP, LLC is solely owned by Mr. Wollen (the “Principal”). Waterwheel serves as the management company with discretionary trading authority to its sponsored private pooled investment vehicles (each a “Fund” and collectively the “Funds”), the securities of which are offered to Investors on a private placement basis, and separately managed accounts (“SMAs”). The Funds, collectively with the SMAs (referred to as “Clients”), are for sophisticated, qualified investors (“Investors” or “Limited Partners”) that contribute capital (“Capital Contributions”) to either of the Funds held in the respective Fund’s “Capital Account.”1 B.Waterwheel will pursue its investment strategy through managing the Funds and, when applicable, one or more SMAs. Waterwheel will have discretion with respect to investment decisions made for the Funds and SMAs. Waterwheel provides investment advisory services to the Funds based on the investment objectives and strategies described in the respective Fund’s confidential offering memorandum and governing documents (referred to collectively as “Offering Documents”).
The Funds’ investment objectives, generally speaking, are to achieve attractive absolute returns over the life of the Fund by investing in opportunities in Greece and benefiting from the recovery of the Greek economy. With respect to the SMAs, the Adviser provides advisory services in accordance with the investment objectives, strategies, terms, conditions and restrictions applicable to the investment management agreement between the Adviser and the relevant SMA.
C.Waterwheel’s Clients will be the Funds and one or more SMAs. Waterwheel will follow the investment strategy described in the respective Fund’s Offering Documents. As stated in Item 4.B. above, Waterwheel will follow the investment objectives and strategy to the terms of the relevant SMA’s investment management agreement.
D.The Adviser will not participate in wrap fee programs E.As of December 31, 2022, the Adviser managed $233,178,449 on a discretionary basis. Client accounts advised on a non-discretionary basis had $0 in assets under management.
1 As a registered investment adviser, the Adviser owes a fiduciary duty to all of its clients. In 2006, the decision by the Court of Appeals for the D.C. Circuit in Goldstein v. SEC, 451 F.3d 873 (D.C. Cir. June 23, 2006), with respect to private funds, clarified that the “client” of an investment adviser to a private fund is the Fund itself and not an Investor in the Fund.