9AT: WATER STREET CAPITAL, INC.

other names

WATER STREET CAPITAL, INC.

Adviser Profile

As of Date	03/28/2025
ADV Location	JACKSONVILLE, FL, United States
Adviser Type - Large advisory firm
Number of Employees	17 6%
of those in investment advisory functions	5
Registration	SEC, Approved, 03/30/2012

AUM^*	1,698,719,115 -2%
of that, discretionary	1,698,719,115 -2%
Private Fund GAV^*	1,698,719,115 -18%
Avg Account Size	339,743,823 -2%
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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count5	GAV$1,698,719,115

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 CLEAR SKY ADVISERS, LLC	Hedge Fund514.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV514.5m	AUM514.5m	#Funds8
Adviser DECCAN VALUE INVESTORS L.P.	Hedge Fund913.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV913.9m	AUM913.9m	#Funds7
Adviser TRIPLEPOINT ADVISERS LLC	Hedge Fund104.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV104.9m	AUM1.3b	#Funds3
Adviser AQUATIC CAPITAL MANAGEMENT LLC	Hedge Fund6.8b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.8b	AUM5.5b	#Funds6
Adviser NORTHWEST INVESTMENT MANAGEMENT (HONG KONG) LIMITED	Hedge Fund1.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM1.5b	#Funds3
Adviser DUALITY GROUP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1.4b	#Funds-
Adviser EAGLE GLOBAL ADVISORS LLC	Hedge Fund425.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV425.0m	AUM2.5b	#Funds3
Adviser PATIENT CAPITAL MANAGEMENT, LLC	Hedge Fund134.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV134.8m	AUM2.1b	#Funds1
Adviser AROHI ASSET MANAGEMENT PTE LTD.	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM1.4b	#Funds6
Adviser GABELLI & COMPANY INVESTMENT ADVISERS, INC.	Hedge Fund829.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV829.3m	AUM1.3b	#Funds10

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.

WATER STREET CAPITAL, INC.

Adviser Profile

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Brochure Summary

Overview