Overview
Westerly Capital Management LLC (the “Adviser”) is a limited liability company formed in Delaware in
2006.
The Adviser is primarily owned by Christopher J. Galvin and has an office in San Francisco, CA.
Westerly Capital Management LLC has been registered with the SEC since July 2022. The Adviser was
previously operating and reporting to the SEC as an Exempt Reporting Adviser since April 2012.
The Adviser continues to manage the following pooled investment vehicles:
Westerly Partners QP, L.P, a Delaware limited partnership (“Westerly QP”).; and
Westerly Partners, L.P., a Delaware limited partnership (“Westerly Partners”).
Westerly QP and Westerly Partners are collectively referred to as the “Clients” or the “Funds”.
Westerly Holdings LLC serves as the general partner to the Clients (the “General Partner”).
The Adviser provides discretionary investment advice to the Clients.
The Funds’ investment objective is to achieve absolute performance in primarily the small to mid-cap
technology and growth sectors through stock selection matched with adherence to strict risk management
principles.
Neither the LPA nor the investment management agreements
impose any limits on the types of securities
or other instruments in which the Funds may invest, the types of positions it may take, the concentration of
its investment by sector, industry, fund, country, class or otherwise, the amount of leverage it may employ
or the number or nature of short positions it may take. Further, depending on conditions and trends in
securities markets, the Funds may pursue strategies and/or employ techniques other than those described
above, to the extent the Adviser considers doing so appropriate and in the Funds’ best interests.
The Adviser’s investment decisions and advice with respect to the Clients are subject to each Client’s
investment objectives and guidelines, as set for in its respective “Offering Documents” which include each
Client’s subscription documents, Limited Partnership Agreements (“LPA”), and other legal documents set
in place when an investor decides to invest in the Adviser’s Funds.
The Adviser does not participate in wrap fee programs.
As of December 31, 2023, the Adviser had approximately $242.5M of regulatory assets under management, all
of which is managed on a discretionary basis.