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Adviser Profile

As of Date 08/23/2024
Adviser Type - Large advisory firm
Number of Employees 35 -2.78%
of those in investment advisory functions 14 -6.67%
Registration SEC, Approved, 10/19/2011
AUM* 6,521,641,497 17.44%
of that, discretionary 6,521,641,497 17.44%
Private Fund GAV* 6,657,859,087 27.23%
Avg Account Size 191,812,985 13.99%
SMA’s Yes
Private Funds 30 2
Contact Info 203 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Sovereign wealth funds and foreign official institutions
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 2B 2B 793M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count30 GAV$6,657,859,087

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Brochure Summary

Overview

A. General Description of Advisory Firm. Westport Capital Partners LLC (“Westport”) is a Connecticut limited liability company formed on November 18, 2005. Westport or an affiliate of Westport serves as investment manager for (i) thirty privately offered investment funds listed in the table below, and any parallel or alternative investment vehicles (individually, each a “Fund” and collectively, the “Funds”); and (ii) certain individually managed accounts (the “Managed Accounts” and together with the Funds, the “Clients”). The Clients primarily invest in the direct and indirect fee ownership of real estate and real estate-related financial assets (including, without limitation, real estate mortgage loans (senior and subordinated), real estate mezzanine loans, equity and debt securities issued by companies with significant real estate-related investments or exposure, and syndicated and bilateral bank debt, structured debt securities and instruments (including CMBS and RMBS) and other fixed income securities related to real estate). As indicated in the following table, Westport or an affiliate of Westport is the general partner (the “General Partner”) or investment manager, as applicable, of each Fund. Fund General Partner/Investment Manager Palisades Real Estate, Ltd. Westport is the Investment Manager Palisades Real Estate (Cayman), L.P. Palisades GP, LLC/Westport Palisades Real Estate Fund, L.P. Palisades GP, LLC/Westport WCP Real Estate Fund II, L.P. WCP Real Estate Fund II GP, LLC/WCP Investment Manager, LLC WCP Real Estate Fund II(A), L.P. WCP Real Estate Fund II GP, LLC/WCP Investment Manager, LLC WCP Real Estate Fund II(B), L.P. WCP Real Estate Fund II(B) GP, LLC/WCP Investment Manager, LLC WCP Real Estate Fund III, L.P. WCP Real Estate Fund III GP, LLC/Westport WCP Real Estate Fund III(A), L.P. WCP Real Estate Fund III GP, LLC/Westport WCP Real Estate Fund III(B), L.P. WCP Real Estate Fund III(B) GP, LLC/Westport WCP Real Estate Fund III(BL), LLC WCP Real Estate Fund III(B) GP, LLC (Class A Member)/Westport WCP Real Estate Fund III(C), L.P. WCP Real Estate Fund III(B) GP, WCP Real Estate Fund IV, L.P. WCP Real Estate Fund IV GP, WCP Real Estate Fund IV (ERISA), L.P. WCP Real Estate Fund IV GP, WCP Real Estate Fund V, L.P. WCP Real Estate Fund V GP, L.P./Westport Capital Partners II, L.P. WCP Special Core Plus Fund, L.P. WCP Special Core Plus Fund GP, WCP Special Core Plus Fund II, L.P. WCP Special Core Plus Fund II GP, LLC/Westport WCP Homebuilder Inventory Solutions, L.P. WCP Homebuilder Inventory Solutions GP, LLC/Westport Capital Partners II, L.P. WCP BI Solutions, L.P. WCP Homebuilder Inventory Solutions GP, LLC/Westport Capital Partners II, L.P. WCP NewCold I-A, L.P. WCP NewCold I-A GP, LLC/Westport WCP NewCold II, L.P. WCP NewCold II GP, L.P./Westport Capital Partners II, L.P. WCP Fund S, L.P. WCP Fund SJ GP, L.P./Westport Capital Partners II, L.P. WCP Fund S-I, L.P. WCP Fund SJ GP, L.P./Westport Capital Partners II, L.P. WCP Fund OGI, CV WCP Fund OGI GP, LLC/Westport Capital Partners II, L.P. WCP Fund OGI, L.P. WCP FH GP, LLC/Westport Capital Partners II, L.P. WCP ML Holdings, LLC WCP ML Holdings III, LLC/Westport WCP RC Feeder, LLC WCP RC MM, LLC/Westport Capital Partners II, L.P. WCP SFR Fund, L.P. WCP SFR Fund GP,
LLC/ Westport Capital Partners II, L.P. WCP Edgewater, L.P. WCP Edgewater GP, LLC/WCP Investment Manager II, LLC WCP Fund J, L.P. WCP Fund SJ GP, L.P./ Westport Capital Partners II, L.P. WCP SCP III, L.P. WCP SCP III GP, LLC/Westport The principals of Westport are Sean F. Armstrong, Jordan S. Socaransky, Peter Aronson, Wm. Gregory Geiger, Marc J. Porosoff, Steven A. Russell and Howard B. Fife. The senior investment team of Westport consists of Sean F. Armstrong, Jordan S. Socaransky, Peter Aronson, Wm. Gregory Geiger and Marc J. Porosoff, who have significant experience in real estate investment, management, consulting and brokerage services. Westport concentrates on pursuing distressed, opportunistic and core plus investment opportunities in real estate and real estate-related financial assets. Please see Item 10 – Other Financial Industry Activities & Affiliations for more information. B. Description of Advisory Services The Funds include the following open-ended funds: Palisades Real Estate, Ltd., Palisades Real Estate (Cayman), L.P. and Palisades Real Estate Fund, L.P. (collectively, the “Hedge Funds”) as well as the following closed-ended real estate funds: WCP Real Estate Fund II, L.P., WCP Real Estate Fund II(A), L.P., WCP Real Estate Fund II(B), L.P., WCP Real Estate Fund III, L.P., WCP Real Estate Fund III(A), L.P., WCP Real Estate Fund III(B), L.P., WCP Real Estate Fund III(BL), LLC, WCP Real Estate Fund III(C), L.P., WCP Real Estate Fund IV, L.P., WCP Real Estate Fund IV (ERISA), L.P., WCP Real Estate Fund V, L.P., WCP Special Core Plus Fund, L.P., WCP Special Core Plus Fund II, L.P., WCP SCP III, L.P., WCP Edgewater, L.P., WCP Homebuilder Inventory Solutions, L.P., WCP BI Solutions, L.P., WCP ML Holdings, LLC, WCP RC Feeder, LLC, WCP NewCold I-A, L.P., WCP NewCold II, L.P., WCP Fund S, L.P., WCP Fund S-I, L.P., WCP Fund J, L.P., WCP Fund OGI C.V., WCP Fund OGI, L.P. and WCP SFR Fund, L.P. (the “Private Equity Funds”). Westport may establish additional Funds in the future. Westport serves as investment adviser to certain Clients pursuant to certain investment management agreements (“Advisory Agreements”). As investment adviser to these Clients, Westport: 1. Identifies investment opportunities for the Clients 2. Participates in the monitoring and evaluation of the Clients’ investments 3. Makes recommendations to the General Partner or Board of Directors of each Fund and directs the Managed Accounts regarding the purchase and/or sale of investments C. Availability of Customized Services for Individual Clients. Westport tailors its investment advice to the investment objectives and guidelines of each Client. Westport provides investment advice directly to the Clients. However, with respect to Funds, the individual needs of Fund investors are not the basis of investment decisions by Westport and Fund investors do not have authority over or participate in the management of the Funds. Westport does not participate in any wrap fee programs. D. Wrap Fee Programs Westport does not participate in any wrap fee programs. E. Assets Under Management As of December 31, 2023, Westport, together with certain of its affiliates, had approximately $6,521,641,497 in regulatory assets under management (“RAUM”) on a fully discretionary basis.