THE WATERMILL GROUP

other names
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Adviser Profile
As of Date 05/28/2024
Adviser Type - Large advisory firm
Number of Employees 16 6.67%
of those in investment advisory functions 11 10.00%
Registration SEC, Approved, 07/22/2022
Other registrations (2)
Former registrations

WATERMILL MANAGEMENT COMPANY, LLC

AUM* 212,874,753 -19.91%
of that, discretionary 212,874,753 -19.91%
Private Fund GAV* 212,874,753 -27.88%
Avg Account Size 14,191,650 -19.91%
SMA’s No
Private Funds 15
Contact Info 781 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
266M 228M 190M 152M 114M 76M 38M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count11 GAV$206,871,648
Fund TypeReal Estate Fund Count4 GAV$6,003,105

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Brochure Summary

Overview

Watermill Management Company, LLC (hereinafter “WMC” or “firm”) is a SEC- registered investment adviser with its principal place of business in Boston, Massachusetts. The firm has been investing under the name Watermill Management Company since 2002. Prior to 2002, investments in industrial businesses were made through HMK Enterprises Inc., a Karol family holding company started in 1978, which continues to be an active investor in the firm’s Fund investments. The principal owners of WMC (25% or more ownership) are as follows: Steven E. Karol Julia D. Karol WMC provides investment management services to private equity funds and certain parallel co-investors (hereinafter collectively, "the Funds"). The Funds invest generally, but not exclusively, in private, illiquid securities. Most of the time, each Fund invests in a specific portfolio company or a group of portfolio companies. WMC does not offer or provide securities brokerage services. WMC manages Fund investments in various companies offering a wide spectrum of services. For each Fund, WMC generally identifies prospective portfolio company(ies) (and possible add-on acquisitions to portfolio companies) and then performs due diligence and considers structures and pricing, works closely with portfolio companies to provide strategic, operating, marketing and financial advice and identifies opportunities to realize the value of such investments. The investment objective of the Funds is to seek
long-term capital appreciation. The Funds invest primarily in the equity securities or interests of private companies and typically seek majority control positions, in some cases with other co-investors. The Funds acquire investments directly and in transactions involving third parties, including traditional investment banks and brokers. The Funds are not required to register under the Securities Act of 1933 or the Investment Company Act of 1940 in reliance upon certain exemptions available to issuers whose securities are not publicly offered. WMC manages the Funds on a discretionary basis in accordance with the terms and conditions of each Fund's offering and organizational documents. ASSETS: As of December 31, 2023, WMC’s regulatory assets under management is $212,874,753, all of which is managed on a discretionary basis. WMC does not manage any assets on a non-discretionary basis. IMPORTANT ADDITIONAL CONSIDERATIONS: The information provided herein merely summarizes the detailed information provided in each Fund’s offering and organizational documents. Certain of the Funds are closed and are not admitting new investors. Current Fund investors and prospective investors in any new Fund launched by WMC should be aware of the substantial risks associated with investment as well as the terms applicable to such investment. This and other detailed information is provided in the appropriate Fund offering and organizational documents.