9AT: WILLING CAPITAL MANAGEMENT LIMITED

other names

WILLING CAPITAL MANAGEMENT LIMITED

Adviser Profile

As of Date	03/24/2025
ADV Location	HONG KONG, Hong Kong
Adviser Type - Outside the United States
Number of Employees	14 17%
of those in investment advisory functions	7 40%
Registration	SEC, Approved, 02/18/2021

AUM^*	576,864,895 -49%
of that, discretionary	576,864,895 -49%
Private Fund GAV^*	480,806,773 -38%
Avg Account Size	82,409,271 -34%
SMA’s	Yes
Private Funds	3
Contact Info	+85 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$480,806,773

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser LEUTHOLD WEEDEN CAPITAL MANAGEMENT	Hedge Fund32.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV32.5m	AUM1.1b	#Funds1
Adviser LUMINUS MANAGEMENT, LLC	Hedge Fund1.2b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM595.5m	#Funds9
Adviser QUANTITATIVE INVESTMENT MANAGEMENT, LLC	Hedge Fund1.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.7b	AUM1.7b	#Funds5
Adviser QUENT CAPITAL, LLC	Hedge Fund98.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV98.7m	AUM1.6b	#Funds1
Adviser SHREWSBURY RIVER CAPITAL LP	Hedge Fund1.8b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.8b	AUM971.8m	#Funds3
Adviser TRUE PARTNER CAPITAL USA	Hedge Fund62.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund150.7m	Total Private Fund GAV212.8m	AUM295.7m	#Funds4
Adviser BROAD REACH INVESTMENT MANAGEMENT LLP	Hedge Fund2.8b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.8b	AUM3.0b	#Funds7
Adviser NXG INVESTMENT MANAGEMENT	Hedge Fund40.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV40.3m	AUM1.5b	#Funds1
Adviser TRIGRAN INVESTMENTS, INC.	Hedge Fund569.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV569.9m	AUM954.7m	#Funds2
Adviser MATISSE CAPITAL	Hedge Fund597.5k	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV597.5k	AUM1.5b	#Funds1

Brochure Summary

Overview

Willing Capital Management Limited (hereinafter “Willing Capital”, “we”, “us”, “our” or the “Firm”) is organized as a Hong Kong private company limited by shares, with a principal place of business in Hong Kong, People’s Republic of China. The Firm was founded in September 2017 and is majority owned by Xiao Lin and Xinyue Liu. The registered address is at 9/F, Amtel Building, 148 Des Voeux Road Central, Central, Hong Kong. The principal place of business is at Unit 815 And Unit 819, Level 8, Cyberport 1, 100 Cyberport Road, Hong Kong. Willing Capital serves as the investment manager, with discretionary trading authority, to private, pooled investment vehicles, the securities of which are offered through a private placement basis in accordance with Regulation D under the Securities Act of 1933. The Funds are exempt from registration as an investment company in accordance with Section 3(c)(7) of the Investment Company Act of 1940. Willing Capital also provides discretionary investment management services to qualified investors through separately managed accounts. Willing Capital manages one private fund that is in master-feeder structure: Willing Partners Master Fund. The Fund is registered with the Cayman Island Monetary Authority. Willing Capital is the investment adviser to Blackwell Partners LLC - Series A - Willing Capital Sub- Account, a segregated portfolio of a private fund incorporated in Delaware

in the United States. Currently there is a total number of one separately managed account tailored to specific needs of particular investors or follow investment strategies identical to the Funds with certain restrictions. As of 31 January 2024, we have approximately US$0.8 billion regulatory assets under management. Willing Capital manages the following private, pooled investment vehicles, together referred to as “Willing Partners Funds”:
• Willing Partners Master Fund - a Cayman Islands company with limited liability;
• Willing Partners Fund - a Cayman Islands company with limited liability;
• Willing Partners US Fund - a Cayman Islands company with limited liability; The master fund and the feeder funds are each referred to as a “Fund” or “Client”, and collectively referred to as the “Funds” or the “Clients”. The Funds’ “Shareholders” are hereafter collectively referred to as the “Investors” where appropriate. Our investment decisions and advice with respect to the Funds are subject to each Fund’s investment objectives and guidelines, as set forth in its respective “Offering Documents.” We do not currently participate in any Wrap Fee Programs. Willing Capital currently manages other pooled investment vehicles which are not United States person, are not offered in the United States, nor are not beneficially owned by any United States person.

WILLING CAPITAL MANAGEMENT LIMITED

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview