Overview
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,
John Wollen, and Michael DeGregorio. 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.”
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, 2023, the Adviser had approximately $194M of discretionary regulatory assets
under management. The Adviser does not manage any Clients on a non-discretionary basis.