Item 4.A.
Daiwa Capital Management Silicon Valley Inc., established on December 18, 2019, is a Delaware
limited liability company, with its principal place of business in Palto Alto, California. DCMSV
is wholly owned by Daiwa Asset Management Co. Ltd.
DCMSV serves as an investment manager and provides investment advisory or portfolio
management services on a discretionary basis to privately offered pooled investment vehicles
(each, a "Fund", or, collectively, the "Funds"). The Funds are exempt from registration as
investment companies under the Investment Company Act of 1940, as amended (the “Investment
Company Act”), in reliance upon one or more exclusions or exemptions thereunder. For any
avoidance of doubt, the clients of DCMSV are the Funds and not the investors of those respective
Funds.
DCMSV co-manages two funds along with WiL, LLC. WiL, LLC is an unaffiliated investment
adviser registered with the SEC. The two funds co-managed are:
WiL Strategic Partners I, L.P.
WiL Strategic Partners II, L.P.
The Funds are typically structured as limited partnerships and each has a general partner (each, a
“General Partner” or collectively, the "General Partners"). WiLSP I GP, L.P. serves as the
General Partner of WiL Strategic Partners I, L.P. Moreover, WiLSP II GP, L.P. serves as the
General Partner of WiL Strategic Partners II, L.P.
DCMSV, along with WiL Strategic Partners,
LLC, is one of two members of WiLSP I GP, LP and
WiLSP II GP, LP. As a result, these General Partners are affiliated with DCMSV.
DCMSV provides investment advisory services or portfolio management services to the Funds
based on the particular investment objectives and strategies described in the relevant Fund’s
subscription document (“Subdoc”), limited partnership agreement (“LPA”) among the relevant
General Partner and the relevant Fund’s limited partners (“Limited Partners”) and other offering
documents (collectively, the “Governing Documents”). Funds’ investment objectives generally
limited to investments in venture capital (private investments in startups, early-stage, and emerging
companies), venture capital funds (limited partner or equivalent interests in unaffiliated private
funds (each an “Other Investment Fund” and, collectively, the “Other Investments Funds”)
that invest in venture capital).
The Governing Documents of the respective Funds contain further information on the investment
objectives and investment restrictions to such Funds.
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DCMSV’s investment advisory services are not tailored to the individualized needs of Fund
investors.
DCMSV does not participate in a wrap fee program.
As of January 1, 2023, the DCMSV manages approximately $187,878,084 in regulatory assets
under management, all of which are advised on a discretionary basis.
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