Overview
Weathergage is a Delaware limited liability company which has been in business since
September 18, 2006. Weathergage is wholly owned by Tim E. Bliamptis, Judith B.
Elsea, J. Bradford Hammond, and Sandra M. Guitar.
Weathergage and/or its affiliates provide financial, investment and portfolio analysis
services to venture capital funds-of-funds and certain venture capital funds-of-funds
(some of which may be managed on a non-discretionary basis) for single limited partners
(collectively, the “Weathergage Funds”). Weathergage’s primary investment focus is to
seek capital appreciation by acquiring, holding and realizing upon a diversified portfolio
of venture capital and growth equity investment fund interests. Weathergage generally
seeks capital appreciation through investments in private investment funds but may also
make buy/sell/hold decisions with respect to the securities of public and private
companies received by the Weathergage Funds as distributions in-kind from the
underlying investment funds in which such Weathergage Funds invest.
Weathergage or its related persons may also, from time to time, establish Weathergage
Funds to allow certain persons to co-invest alongside certain Weathergage Funds in
investment opportunities that, for purposes of portfolio construction, exceed such
Weathergage Funds’ desired allocations with respect to such investment opportunities.
Additionally, where suitable, Weathergage may offer such overage opportunities to its
single limited partner fund clients (together with the co-investment vehicles described
above, the “Overage Accounts”).
Weathergage tailors its advisory services to the general investment objectives of each
Weathergage Fund described in such Weathergage Fund’s confidential private placement
memorandum (its “Offering Memorandum”), subject to specific investment guidelines
and restrictions set forth in the
limited partnership agreement or other similar governing
documents of such Weathergage Fund (collectively, the “Governing Documents”).
Investors and prospective investors of each Weathergage Fund should refer to the
Offering Memorandum (if applicable) and Governing Documents of the applicable
Weathergage Fund for complete information on the investment objectives and investment
restrictions with respect to such Weathergage Fund. There is no assurance that any of the
Weathergage Funds’ investment objectives will be achieved.
The Weathergage Funds are beneficially owned by a limited number of “accredited
investors” as defined in Regulation D under the U.S. Securities Act of 1933 (as amended,
the “Securities Act”) or exclusively by “qualified purchasers” as defined in Section
2(a)(51) of the U.S. Investment Company Act of 1940 (as amended, the “Investment
Company Act”), and are therefore not required to register as investment companies under
the Investment Company Act in reliance upon certain exemptions available to private
investment funds whose securities are not publicly offered.
In accordance with common industry practice, one or more of the Weathergage Funds or
their general partners have entered into “side letters” or similar agreements with certain
investors pursuant to which the general partner granted the investor specific rights,
benefits, or privileges that were not made available to investors generally.
Weathergage does not participate in any wrap fee programs.
Weathergage manages assets of the Weathergage Funds on both a discretionary and non-
discretionary basis in accordance with the terms and conditions of each Weathergage
Fund’s Governing Documents. As of December 31, 2023, Weathergage’s assets under
management were as follows:
Discretionary: $1,013,865,179
Non-Discretionary: $ 409,371,287
Total: $1,423,236,466