Overview
The Adviser is a limited liability company formed under the laws of the state of Delaware in February 2019. The
Adviser’s sole direct owner is WCR Holdings LLC (“WCR”), a Delaware domiciled Limited Liability Company. WCR
is owned by RT Caprice Holdings, LLC (50%) and PACA-WCR LLC (50%), each a Delaware Limited Liability
Company. PACA-WCR LLC is wholly owned by Advantage Capital Holdings LLC (see below for additional
information) and RT Caprice Holdings, LLC is wholly owned by Richard Thomson, Managing Partner of the Adviser.
The Adviser’s Chief Compliance Officer is Michael Vinci.
The Adviser provides investment advisory services as a sub-adviser to an affiliated SEC registered investment adviser,
Advantage Capital Management LLC (CRD#: 171128) (the “Advantage Capital”). The Firm also provides investment
management services to 1974 Portfolio Investments I LLC and 1974 Portfolio Investments II, L.P., private investment
funds (the “1974 Funds”, and together with Advantage Capital, the “Clients”). The Adviser manages the assets of the
Clients
on a discretionary and non-discretionary basis.
The Adviser's investment advisory activities generally focus on providing debt solutions to small and lower- middle-
market companies based in the U.S.
The Adviser tailors its investment advice to the Clients, but may or may not choose to do so, in its sole discretion, with
respect to future clients. As such, the Clients could impose restrictions on the types of investments made on its behalf by
the Adviser. The Adviser: (i) will not have custody of the Advantage Capital assets, (ii) will not determine the final value of
the Advantage Capital positions, and (iii) will not have the ability to move the Advantage Capital cash or securities. In
addition, the Adviser is not responsible for performing trade settlement, and certain administrative and other back-office
functions for Advantage Capital.
As of December 31, 2023, the Adviser currently manages approximately $184,334,285 of Clients’ assets on a non-
discretionary basis and $146,323,178 Clients’ assets on a discretionary basis.