Wellington Alternative Investments LLC (WAI) is an indirect subsidiary of Wellington Management
Group LLP (WMG), which is the parent holding company of the Wellington Management group of
companies (collectively, Wellington Management). WAI is a Delaware limited liability company that
acts as the general partner, manager, and/or sponsor of several privately-offered pooled investment
vehicles exempt from registration under the Investment Company Act of 1940 (collectively, the
Funds). The Funds pursue a range of investment strategies, including equity long / short, market
neutral, quantitative equity, macro, relative value, multi-strategy, credit long / short, private equity,
and securitized debt. WAI is registered as a commodity pool operator (CPO) with the Commodity
Futures Trading Commission (CFTC).
WAI also provides non-discretionary portfolio advisory services to other clients (Accounts) who seek
to pursue an investment strategy similar to one or more of the Funds employing a multi-strategy
investment approach. Accounts are often customized to meet a client’s specific requirements. Initial
account requirements or guidelines are generally established by agreement between WAI or an
affiliate and the Account client and are typically stated in the portfolio advisory or management
agreement. From time to time, WAI or its affiliate negotiates changes to these agreements with an
Account client. Additionally, from time to time WAI enters into side letters or similar agreements with
investors in certain Funds subject to WAI’s policies and procedures designed to manage related
conflicts.
As the
general partner, manager, and/or sponsor to the Funds, WAI sets the investment objective,
guidelines and restrictions for the Funds. WAI has appointed its affiliate, Wellington Management
Company LLP (WMC), a Delaware limited liability partnership and indirect subsidiary of WMG, as
investment manager to provide discretionary investment management and related services to the
Funds. WMC is registered as an investment adviser with the Securities and Exchange Commission
(SEC) and as a commodity trading advisor with the CFTC.
WMC delegates certain discretionary investment management and related services to these affiliates
in accordance with the terms of the relevant investment management or other agreement. Details on
these affiliates have been provided in the Appendix.
As of 31 December 2023, WAI had approximately $19 billion in assets under management on a
discretionary basis.
Discussions of the Funds in this brochure, including but not limited to their investments, the strategies
used in managing the Funds, the fees and other costs associated with an investment in the Funds, and
conflicts of interest faced by WAI and its affiliates in connection with management of the Funds and
Accounts, are summaries intended only to provide required information on our business and practices
to our advisory clients. These discussions are not intended for use in evaluating an investment in a
Fund. Investors and prospective investors in a Fund should read the Fund’s confidential offering
memorandum and governing documents (“Offering Documents”) for complete information on these
matters.
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