Overview
The Adviser primarily provides investment management advice with respect to the Adviser’s private
investment funds (as further described in Item 7). Such funds are private offerings of Limited Partnership
(“Limited Partners”) interests, sometimes referred to as “Funds,” and each a “Fund” (or “Partnership”).
Each Fund is sometimes referred to as a “Client” or, collectively, as “Clients.” The Adviser will typically
provide investment management services to each Client per investment guidelines detailed in respective
private placement memorandums.
NorCap Management, L.P., a Delaware limited partnership, serves as the General Partner (“General
Partner”) of the Fund(s), and NorCap Investment Management, L.P., serves as the Investment Manager
(“Investment Manager”). The general partner of the Investment Manager and the General Partner is NorCap
Advisors, LLC, a Delaware
limited liability company. The owner of NorCap Advisors, LLC, is David
Norcom as an individual, and BAG Securities, L.L.C., a Texas limited liability company controlled by
Bolton Walters. The professionals of the General Partner and the Investment Manager will use their
expertise and experience, along with advice from third-party consultants, to attempt to achieve the
investment objectives.
The Adviser does not participate in wrap fee programs.
The Adviser has been providing discretionary portfolio management services since 2004. As of December
31, 2023, the Adviser has $204,377,523 in regulatory assets under management (“RAUM”), all of which
are managed on a discretionary basis. Investors may request more current information at any time by
contacting the Adviser. The Adviser does not manage any Client assets on a non-discretionary basis.