Overview
A. WILsquare is an investment advisory firm located in Saint Louis, Missouri. The firm was founded
in 2015. William Willhite and James Wilmsen are the principal owners of the Adviser. WILsquare
specializes in acquiring and growing lower middle market companies in the Midwest and Southern
U.S.
B. The Adviser provides investment advisory services to privately offered pooled investment funds
and may, in the future, provide advisory services to managed accounts (each in its capacity as a
client, a “Client” or “Fund,” and collectively, the “Clients” or “Funds”). WILsquare manages
each Client’s assets on a fully discretionary basis in accordance with the investment objectives
outlined in the relevant Offering Documents (as defined below) and/or investment management
agreement for each Client.
WILsquare’s primary investment strategy seeks to make private equity investments in business
services, manufacturing, distribution and technology companies within a broad spectrum of
industries and primarily located in the Midwest or Southern United States.
C. WILsquare manages each Fund, in accordance with the applicable investment objectives and the
relevant limited partnership agreement, offering memorandum, or other applicable
Fund
documentation (collectively, “Offering Documents”), where applicable. Any restrictions on
investments are set forth in the relevant Offering Documents.
Subject to applicable law and each Fund’s Offering Documents, the general partners of the Funds
have entered into side letter arrangements with certain investors and may continue to do so in the
future. Certain side letters have the effect of altering or supplementing the terms of such investors’
investments in a Fund, including reductions of fees. To the extent such side letter arrangements
exist, certain investors in a Fund will receive more favorable fees, access to information, liquidity,
or other terms.
Co-investments by the Adviser and its related persons are generally subject to limitations and
restrictions set forth in the applicable Client’s Offering Documents. Such co-investments will
be made on terms no more favorable than those on which the Client invests and disposed of at
the same time and on substantially the same terms as the Client disposes of its investment.
D. The Adviser does not participate in wrap fee programs.
E. As of December 31, 2023, the Adviser manages $180,961,134 in discretionary regulatory assets
under management.