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| SCW Capital Management LP
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| CRD # | 173575 |
| SEC # | 801-114247 |
| CIK # | 0001738045, 0001638046 |
| AUM | |
| Employees | 7 (57% Investors, 0% Brokers) |
| Fees | |
| Minimum | |
| Phone | 214-756-6056 |
| Address | 3131 Turtle Creek Blvd Dallas, TX 75219 |
| Source | [IAPD] [EDGAR] |
| Total AUM ($M) |
|---|
| Fees and Compensation — Form ADV Part 2A (3/31/2022) [Brochure] |
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Item 5: Fees and Compensation DESCRIPTION OF COMPENSATION AND BASIC FEE SCHEDULE SCW Funds In consideration of our advisory services, we generally receive performance allocations with respect to the SCW Funds and management fees with respect to the Parallel Funds. While our fees are described in detail in the SCW Funds’ governing and offering documents, a brief summary of our advisory fees is set forth below. We generally are entitled to receive from each of the Parallel Funds an annual management fee, as of the beginning of each calendar quarter in advance, equal to 0.375% (1.5% per annum) of the capital account balance of each applicable limited partner of such Parallel Fund as of the beginning of such calendar quarter. Management fees are deducted directly from the capital account of each applicable limited partner of such Parallel Fund. The management fee is prorated with respect to any capital contribution to a Parallel Fund effective other than as of the beginning of a calendar quarter. In the event of a withdrawal by any limited partner from a Parallel Fund other than as of the end of a calendar quarter, a pro rata portion of the management fee, based upon the actual number of days remaining in such quarter, generally will be repaid by SCW Capital to the applicable Parallel Fund for credit to the capital account of such limited partner in such Parallel Fund. We are not entitled to receive any management fees with respect to either of the Single-Asset Parallel Funds. In addition, we generally are entitled to receive an annual performance allocation from each of the SCW Funds equal to a percentage (as applicable, the “Performance Allocation Percentage”) of the net profits (subject to certain adjustments and limitations) allocated to the capital account of each applicable limited partner in an SCW Fund during the applicable fiscal year (or such other applicable performance period). The Performance Allocation Percentage generally applicable to the Parallel Funds is twenty percent (20%) and the Performance Allocation Percentage generally applicable to the Single-Asset Parallel Funds is twenty-five percent (25%). Performance allocations are allocated directly from the capital account of each applicable limited partner of an SCW Fund to our capital account or the capital account of our affiliate. Performance allocations are subject to a “high water mark” limitation with respect to each applicable limited partner in an SCW Fund. As a result, after the first year in which a performance allocation is earned, the performance allocation for later years applies only to the extent that a limited partner’s pro rata share of net profits, measured on a cumulative basis, for all years since admission to the applicable SCW Fund exceeds the highest level of cumulative net profits achieved through the close of any prior year since admission. Solely with respect to the Single-Asset Parallel Funds, an annual “hurdle rate” of fifteen percent (15%) must be achieved before any performance allocation is applied and, if the “hurdle rate” is achieved for the applicable Single-Asset Parallel Fund at the end of any fiscal year (or such other applicable performance period), such performance allocation will only be applied to the net profits allocated to the capital account of each applicable limited partner in such Single- Asset Parallel Fund that are in excess of the “hurdle rate”. Our fees with respect to each limited partner in an SCW Fund generally are not negotiable. However, we have entered into, and may in the future enter into, side letters or similar arrangements with certain investors in an SCW Fund that change, modify, alter or waive any management fees or performance allocations generally applicable to such Fund in respect of such investors. Each investor in the LP Fund or the Single-Asset LP Fund generally must be, among other things (i) an “accredited investor,” as such term is defined in Rule 501(a) of Regulation D under the Securities Act, and (ii) a “qualified client,” as such term is defined in Rule 205-3 under the Advisers Act. Each investor in the QP Fund or the Single-Asset QP Fund generally must be, among other things, an (i) “accredited investor,” as such term is defined in Rule 501(a) Securities Act, and (ii) a “qualified purchaser,” as such term is defined in Section 2(a)(51)(A) of the Company Act. Viewside Funds Viewside will generally be entitled to receive performance-based carried interest distributions, which may be subject to certain preferred return, hurdle thresholds, adjustments or other limitations, from each Viewside Fund with respect to each fiscal year (or such other performance period) in accordance with the terms and conditions set forth in the applicable governing and/or offering documents of such Viewside Fund. OTHER FEES AND EXPENSES In addition to management fees (if any) and performance allocations, each Fund generally bears and pays all costs and expenses arising in connection with its operations and activities including, without limitation, (i) all expenses incurred in connection with the organization of such Fund and the offering of interests of such Fund (including legal and accounting fees, printing costs, travel, “blue sky” filing fees and expenses and out-of-pocket expenses), (ii) all costs and expenses directly related to portfolio investments or prospective investments of such Fund, including brokerage commissions and other transaction costs; expenses related to proxies, underwriting, and private placements; interest and commitment fees on debit balances or borrowings; borrowing charges on securities sold short; custody fees; and fees of professional advisors and consultants relating to investments or prospective investments, (iii) any withholding or transfer taxes imposed on such Fund or any partners, (iv) any governmental, regulatory, licensing, filing or ... |
| Account Minimums and Types of Clients — Form ADV Part 2A (3/31/2022) [Brochure] |
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Item 7: Types of Clients DESCRIPTION We currently provide investment advisory, management and other services to our affiliated private investment funds, the Funds. The Funds have various types of investors, including, but not limited to, trusts, family offices, natural persons, funds of funds, individual retirement accounts and other entities. We may from time to time provide investment advisory and other services to other clients in the future, including separately managed accounts and/or one or more other pooled investment vehicles. ACCOUNT REQUIREMENTS The minimum initial capital contribution generally required from an investor in each of the SCW Funds is $1,000,000, although capital contributions of lesser amounts may be accepted at our discretion. Each investor in the LP Fund or the Single-Asset LP Fund generally must be, among other things (i) an “accredited investor,” as such term is defined in Rule 501(a) of Regulation D under the Securities Act, and (ii) a “qualified client,” as such term is defined in Rule 205-3 under the Advisers Act. Each investor in the QP Fund or the Single-Asset QP Fund generally must be, among other things, an (i) “accredited investor,” as such term is defined in Rule 501(a) Securities Act, and (ii) a “qualified purchaser,” as such term is defined in Section 2(a)(51)(A) of the Company Act. Each investor in a Viewside Fund generally must be, among other things, (i) an “accredited investor,” as such term is defined in Rule 501(a) of Regulation D under the Securities Act, and (ii) a “qualified client,” as such term is defined in Rule 205-3 under the Advisers Act. In addition, each prospective investor generally is required to complete and return various subscription documents to the applicable Fund, which are designed to provide the applicable Fund, us and our affiliates and agents with important information about the prospective investor. Subscriptions may be accepted or rejected, in whole or in part, in the sole discretion of TIG or Viewside, as applicable. |
| Sector | Form 13F Holdings | Value ($M) | |
|---|---|---|---|
| Lectec Corp /MN/ | 5.0 | ||
| NCR Corp | 4.2 | ||
| Parametric Sound Corp | 3.7 | ||
| Holdings by Sector ($M) |
|---|
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| PE | VCP D2 LP | [2022-03-31] | 8.2 M | 8.2 M |
| Offered $8,250,000 · Filed 2021-12-03 (D) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $15,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | VCP HL LP | [2022-03-31] | 3.5 M | 3.6 M |
| Offered $3,525,000 · Filed 2022-01-18 (D) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $10,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| HF | SCW Single-Asset Partnership LP | [2020-10-05] | 5.2 M | 3.7 M |
| Filed 2023-05-23 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose | ||||
| HF | SCW Single-Asset Partnership QP LP | [2020-10-05] | 10.1 M | 5.4 M |
| Filed 2022-05-23 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose | ||||
| HF | SCW Capital QP LP | [2018-10-04] | 143.5 M | 54.4 M |
| Filed 2023-05-23 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose | ||||
| HF | SCW Capital LP | [2015-03-31] | 134.6 M | 118.0 M |
| Filed 2023-05-23 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose | ||||
| PE | Trinity P-1 | 2015-03-31 | 1.5 M | |
| PE | Trinity P-2 | 2015-03-31 | 2.6 M | |
| PE | Trinity P-3 | 2015-03-31 | 1.2 M | |
| PE | Trinity P-4 | 2015-03-31 | 2.4 M | |
| View All | ||||
| AUM Breakdown | Accounts | AUM ($M) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 6 | 193.3 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 6 | 193.3 |
| By Discretionary | ||
| Discretionary | 6 | 193.3 |
| Non-Discretionary | 0 | 0.0 |
| Total | 6 | 193.3 |
| By Non-United States Persons | ||
| Non-United States Persons | 0.0 | |
| United States Persons | 193.3 | |
| Total | 6 | 193.3 |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| John Wagner | Director, Executive Officer | 48 | 4 | |
| Stephen Raggio | Director, Executive Officer | 11 | 3 | |
| Robert Cathey | Executive Officer | 8 | 3 | |
| Gordon Smith | Executive Officer | 9 | 2 | |
| Stacy Smith | Executive Officer | 8 | 2 | |
| Trinity Investment Group LLC | Executive Officer | 4 | 1 | |
| Scw Capital LP | Executive Officer | 1 | 1 |
| EDGAR Form | CIK | 2011 - 2026 |
|---|---|---|
| 3 | [0001638046] | |
| 4 | [0001638046] | |
| D | [0001638046] | |
| 13F-HR | [0001738045] | |
| 3 | [0001738045] | |
| 4 | [0001738045] | |
| SC 13D | [0001738045] | |
| SC 13G | [0001738045] |
| Firm Profile (Form ADV) | |
|---|---|
| Serves | Institutional |
| Fund Types | Hedge Fund, Private Equity |
| Insider Transaction (Form 3/4/5) | Date | Action | Shares | Price | Value ($) |
|---|---|---|---|---|---|
|
Akumin Inc AKU
Common Shares
|
2022-07-21 | Buy | 1,931,112 | $0.52 | 1,004,178 |
|
Akumin Inc AKU
Common Shares
|
2022-07-21 | Sell | 3,065,257 | $0.52 | 1,593,934 |
|
Akumin Inc AKU
Common Shares
|
2022-07-21 | Buy | 1,134,145 | $0.52 | 589,755 |
|
Akumin Inc AKU
Common Shares
|
2022-03-09 | Sell | 16,000 | $0.97 | 15,520 |
|
Akumin Inc AKU
Common Shares
|
2022-03-08 | Sell | 4,304 | $1.00 | 4,304 |
|
Akumin Inc AKU
Common Shares
|
2022-01-07 | Sell | 75,000 | $1.66 | 124,500 |
|
Akumin Inc AKU
Common Shares
|
2022-01-07 | Buy | 75,000 | $1.66 | 124,500 |