Overview
Firm Description
Westward Management Company II LLC dba Westward Partners (‘we,” “us,” “our,” “Firm,” or
“Westward”) is a Washington state Limited Liability Company formed in 2010 and is principally located
in Seattle, Washington. Westward is owned by Andy Baldridge and Erik Tolzmann (collectively
“Managing Members”), both of whom are responsible for the overall investment strategy and
management of our private funds.
Types of Advisory Services
Westward provides investment advisory services to privately offered pooled investment vehicles, or
private funds (each a “Fund” and collectively, the “Funds”). Our Funds are generally formed to invest in a
single private company are managed in accordance with their respective operating agreements and are
not tailored to any particular Fund investor (“Investor”). Investors should consider whether a particular
Fund meets their investment objectives and risk tolerance prior to investing. The detailed terms,
strategies, risks, and other information applicable to Investors in our Funds are described in the
respective Fund’s organizational and offering documents (collectively “Offering Documents”).
Client-Tailored Relationships
Details reflecting our Fund strategies,
risks, conflicts of interest, fees and other costs associated with an
investment in one of our Funds reflected in this Brochure are summary only and are intended to provide
information on Fund advisory business and practices. This information is not intended for use in
evaluating an investment in one of our Funds.
Important Information for Retirement Investors
When we recommend that you roll over retirement assets or transfer existing retirement assets (such as
a 401(k) or an IRA) to our management, we have a conflict of interest. This is because we will generally
earn additional revenue when we manage more assets. In making the recommendation, however, we do
so only after determining that the recommendation is in your best interest. Further, in making any
recommendation to transfer or rollover retirement assets, we do so as a “fiduciary,” as that term is
defined in ERISA or the Internal Revenue Code, or both. Further, investment in private funds may be
restricted or prohibited by plan sponsors, and may be subject to additional costs related to custody of
the assets.
Assets Under Management
As of December 31, 2023, we managed approximately $288,473,000 of client assets, all on a
discretionary basis.