Description of the Advisory Firm
Whale Rock Capital Management LLC (“Whale Rock,” the “Firm” or “We”) is a Delaware limited liability
company formed in March of 2006 primarily for the purpose of sponsoring and managing pooled investment
vehicles. Alexander Sacerdote is the founder, principal owner, and managing member of Whale Rock and is
currently the Chief Executive Officer.
We sponsor and manage pooled investment vehicles (each referred to herein as a “Fund” and collectively as the
“Funds”) including:
1. The Flagship Funds include (i) Whale Rock Flagship Fund LP and Whale Rock Flagship Fund Ltd.,
which are feeder funds into Whale Rock Flagship Master Fund, LP and (ii) Whale Rock Flagship (AI)
Fund LP (collectively the “Flagship Funds”). Whale Rock Flagship Fund LP (the “U.S. Flagship Fund”)
was organized as a Delaware limited partnership in April 2006 and commenced investment operations
in May 2006. Whale Rock Flagship Fund Ltd. (the “Offshore Flagship Fund”) is a Cayman Islands
exempted company and commenced investment operations in July 2006. Whale Rock Flagship Master
Fund, LP (the “Flagship Master Fund”) is a Cayman Islands limited partnership that commenced
operations in January 2014. Whale Rock Flagship (AI) Fund LP (the “AI Fund”) was organized as a
Delaware limited partnership in April 2006 and commenced investment operations in June 2006.
2. The Long Opportunities Funds include (i) Whale Rock Long Opportunities Fund LP and Whale Rock
Long Opportunities Fund Ltd., which are feeder funds into Whale Rock Long Opportunities Master
Fund, LP and (ii) Whale Rock Long Opportunities Fund II LP (collectively the “Long Opportunities
Funds”). Whale Rock Long Opportunities Fund LP was organized as Delaware limited Funds in June
2019 (the “U.S. Long Opportunities Fund”) and commenced investment operations in January 2020.
Whale Rock Long Opportunities Fund Ltd. is a Cayman Islands exempted company (the “Offshore Long
Opportunities Fund”) and commenced investment operation January 2020. Whale Rock Long
Opportunities Master Fund, LP (the “Long Opportunities Master Fund”) is a Cayman Islands limited
partnership that commenced investment operations in January 2020. Whale Rock Long Opportunities
Fund II LP was organized as Delaware limited in October 2019 (the “U.S. Long Opportunities Fund II”)
and commenced investment operations in January 2020.
3. The Hybrid Funds include (i) Whale Rock Hybrid Fund LP and Whale Rock Hybrid Fund Ltd, which
are feeder funds into Whale Rock Hybrid Master Fund, LP (“Hybrid Fund I”) and (ii) Whale Rock
Hybrid Fund II LP and Whale Rock Hybrid Fund II Ltd., which are feeder funds into Whale
Rock
Hybrid Master Fund II, LP (“Hybrid Fund II”, and collectively with Hybrid Fund I, the “Hybrid Funds”).
Whale Rock Hybrid Fund LP (the “U.S. Hybrid Fund I”) was organized as a Delaware limited
partnership in November 2020 and commenced operations in April 2021. The Whale Rock Hybrid Fund
Ltd. (the “Offshore Hybrid Fund I”) was organized as a Cayman Islands exempted company and
commenced operations in April 2021. Whale Rock Hybrid Master Fund, LP (the “Hybrid Master Fund
I”) is a Cayman Islands limited partnership that commenced operations in April 2021. Whale Rock
Hybrid Fund II LP (the “U.S. Hybrid Fund II”) was organized as a Delaware limited in January 2021
and commenced operations in April 2021. The Whale Rock Hybrid Fund II Ltd. (the “Offshore Hybrid
Fund II”) was organized as a Cayman Islands exempted company and commenced operations in April
2021. Whale Rock Hybrid Master Fund, LP (the “Hybrid Master Fund II”) is a Cayman Islands limited
that commenced operations in April 2021.
Affiliated entities serve as the general partners of the U.S. feeder funds and their master funds as discussed in
Item 10.
The Funds offer interests (“Interests”) to certain qualified investors, as described in response to Item 7, below;
such shareholders and limited partners are referred to herein as “Investors”.
Description of Advisory Services
We serve as the investment manager to the Funds pursuant to separate investment management agreements
between each Fund and Whale Rock. The investment objective of the Funds is to provide consistently superior,
risk adjusted returns. Whale Rock utilizes a fundamental, research driven approach and a disciplined investment
process, and it believes that its experience and insight in these sectors provides an advantage to the Funds. Whale
Rock utilizes an “S-Curve” based investment process in seeking to isolate the best aspects of investments in the
global technology, media and telecommunication (“TMT”) sectors. The Funds seek to achieve their objective
primarily by investing in both public and private equity securities and related instruments with a focus on issuers
in the global TMT sectors. All of the Funds also have the flexibility to invest in other types of securities and in
other sectors.
Client Tailored Services and Client Imposed Restrictions
We do not tailor portfolio management services to the individual needs of Investors in the Funds.
Assets Under Management
As of December 31, 2022, Whale Rock had regulatory assets under management on a discretionary basis of
$7,956,104,945.00. Whale Rock does not manage any client assets on a non-discretionary basis.