Overview
Items 4.A. and 4.B.
SW Investment Management LLC, an Illinois limited liability company (“SWIM”), was formed
in December 2015. Mr. White is SWIM’s principal owner and portfolio manager (the
“Principal”).
SWIM provides investment advisory services on a discretionary basis to a privately offered pooled
investment vehicle, SWIM Partners LP, a Delaware limited partnership (the “Fund”). The Fund
privately offers limited partnership interests (“Interests”) to qualified persons who, upon
admission to the Fund, become limited partners (each, an “Investor” and collectively, the
“Investors”). SWIM serves as the Fund’s general partner.
Interests in the Fund are offered under exemptions from registration under Section 4(a)(2) of the
United States Securities Act of 1933, as amended (the “Securities Act”), Regulation D
promulgated thereunder, and Section 3(c)(1) of the United States Investment Company Act of
1940, as amended (the “Investment Company Act”), and applicable state securities laws.
SWIM pursues a concentrated, long/short strategy that invests primarily in common stocks, and to
a lesser degree preferred stocks, options, debt, and other asset
classes. Please see Item 8.A. for a
description of SWIM’s investment strategy.
SWIM’s advisory services are provided to the Fund pursuant to the terms of the Fund’s relevant
governing and offering documents (collectively, “Governing Documents”) and based on the
specific investment objectives and strategies as disclosed in the Fund’s Governing Documents.
The advisory services the Fund receives are tailored to meet the specified investment objectives
and strategies as set forth in the Fund’s Governing Documents. Investors generally cannot impose
additional investment guidelines, restrictions, or other requirements on the Fund.
SWIM has entered into a side letter agreement with a certain Investor of the Fund. Side letters are
negotiated prior to investment and establish rights that supplement or alter the terms of the
applicable Governing Document. Such rights may not be available to other Investors. SWIM
typically does not alter fee or liquidity terms through side letters.
SWIM does not participate in wrap fee programs.
As of December 31, 2023, SWIM manages regulatory assets of approximately $438,411,189 on a
discretionary basis.