Overview
FIRM DESCRIPTION
Webs Creek Capital Management LP (the “Investment Manager”), a Texas limited partnership and private investment
advisory firm, was organized in January 2019. We provide investment management services with respect to private
pooled investment vehicles and other institutional investors (“SMA Investors”) via Separately Managed Accounts
(“SMAs”) and have full discretionary authority with respect to investment decisions. Our investment advisory services
are provided in accordance with the investment objectives and guidelines set forth in the applicable offering and/or
governing documents of the funds and SMAs we advise. References and disclosures in this brochure relating to any
funds or SMAs we advise should be read in conjunction with the funds’ and/or SMAs’ offering and governing
documents.
In 2023, we launched Webs Creek Private Strategies LLC (the “Relying Adviser” or “WCPS”) to take advantage of
the supply-demand imbalance of energy private investment capital though an opportunistic energy privates’ strategy.
WCPS is a relying adviser of Webs Creek Capital Management LP and provides investment management services
with respect to private pooled investment vehicles focused on investments in private companies and has discretionary
authority over investment and operational decisions as outlined in the private pooled investment vehicles’ governing
documents. References to “we” in this brochure generally refer to the Investment Manager but when context requires
should be read to include the Relying Adviser.
PRINCIPAL OWNER
The general partner of the Investment Manager is Webs Creek CM GenPar LLC (the “General Partner”), a Texas
limited liability company, which is wholly owned and controlled by M. Stephen Thomas (the “Principal”). Mr.
Thomas is the only beneficial owner holding more than 25% of the limited partner interests of the Investment Manager.
The sole member of WCPS is the Investment Manager.
TYPES OF ADVISORY SERVICES
We provide investment advisory services to private pooled investment vehicles, Webs Creek Capital Partners LP, a
Delaware
limited partnership and its feeder fund, Webs Creek Capital Offshore Fund Ltd., a Cayman Islands exempted
company (jointly, the “Fund”) and to one or more SMAs. We are responsible for investing and re-investing the capital
of the Clients in securities, financial instruments and/or other assets in accordance with the investment objectives,
policies and guidelines set forth in the offering and/or governing documents of the Clients, with a focus on the energy
sector. The Relying Adviser provides investment advisory services to private pooled investment vehicles, WCPS SPV
I LP, a Delaware limited partnership, and its feeder fund, WCPS SPV I LLC, a Delaware limited liability company
(jointly, the “SPV” and collectively with the Fund and SMAs, the “Clients”) and is responsible for its investment in
and oversight of one or more private companies.
The investment Manager and Relying Adviser identify investment opportunities utilizing a fundamental research
process. The Investment Manager and Relying Adviser use both qualitative and quantitative factors to formulate a
view of a company’s value and, in addition, identify opportunities that include a corporate and industry catalyst.
Additionally, historically and from time to time, we manage SMAs on behalf of institutional clients which employ
strategies similar to that of the Fund. Terms applicable to these SMAs (including any investment restrictions) are
subject to negotiation and may vary from those applicable to the Fund. See Item 8 below.
INVESTMENT RESTRICTIONS
We provide investment advice to the Clients in accordance with the investment objectives, policies and guidelines set
forth in the applicable offering and governing documents, and not in accordance with the individual needs or objectives
of any particular investor in the Fund or any of the Clients. Investors are not permitted to impose restrictions or
limitations on the management of the Fund.
ASSETS UNDER MANAGEMENT
As of February 29, 2024, we had approximately $642,608,280 in regulatory assets under management, all of which
were managed on a discretionary basis.