WATER STREET CAPITAL, INC.

other names
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Adviser Profile
As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 18 12.50%
of those in investment advisory functions 6 20.00%
Registration SEC, Approved, 3/30/2012
AUM* 2,064,815,125 19.38%
of that, discretionary 2,064,815,125 19.38%
Private Fund GAV* 2,064,815,125 19.38%
Avg Account Size 412,963,025 19.38%
SMA’s No
Private Funds 5
Contact Info 904 xxxxxxx
Websites

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

Recent News

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 3B 2B 847M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count5 GAV$2,064,815,125

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Brochure Summary

Overview

ADVISORY BUSINESS FIRM DESCRIPTION Water Street Capital, Inc. (“WSC” or “we”) is a Florida corporation formed in 1987, and is located in Jacksonville, Florida. We are a private investment advisory firm providing investment management services to private pooled investment vehicles. WS Management, LLLP (“WSM”), an affiliate of WSC, is a Florida limited liability limited partnership, which acts as the general partner for five domestic funds. Gilchrist B. Berg is the principal owner and President of WSC and the managing general partner of WSM. Mr. Berg has ultimate responsibility for the management, operations and investment decisions made by WSC. WSC has full discretionary authority with respect to investment decisions, and our investment advice is provided in accordance with the investment objectives and guidelines set forth in the applicable offering materials and/or governing documents for the various funds. ADVISORY SERVICES WSC serves as the advisory management company for five Florida limited partnerships, each a “Fund” and as a group the “US Funds”. The interests in these U.S. Funds are offered on a private placement basis, and in compliance
with the exemptions provided by Section 3(c)(1) of the Investment Company Act of 1940 to persons who are “accredited investors” as defined under the Securities Act of 1933 for one partnership and, for the other partnerships, in compliance with the exemptions provided by Section 3(c)(7) “qualified purchasers” (or “knowledgeable employees”) as defined under the Investment Company Act of 1940, and subject to other conditions, which are set forth in the offering documents for the partnerships. Our advisory services are provided in accordance with the investment objectives, policies and guidelines set forth in the applicable offering documents and/or governing documents and are not tailored to the individual needs of any investor. See Item 8. As private investment vehicles, the Funds do not impose restrictions on investments in certain securities or types of securities. Any such restrictions are determined by the Adviser and are disclosed in the offering documents. As used herein, the term “client” generally refers to each of the Funds. ASSETS UNDER MANAGEMENT As of December 31, 2023, we had approximately $2.065 billion in assets under management in the five Funds.