West Elk Capital, LLC

West Elk Capital, LLC, established in September 2017, specializes in providing investment advisory services to West Elk Partners, LP, a private investment vehicle exempt from registration under the Investment Company Act of 1940. The firm aims to achieve capital appreciation and high absolute returns by investing in undervalued small and micro-cap public companies. West Elk operates on a discretionary basis, managing $132,002,500 in regulatory assets as of December 31, 2024. Clients of the Fund, which includes high net worth individuals and various entities, must meet a minimum investment requirement of $500,000. West Elk charges a management fee of 1.50% per annum based on the net asset value of the client's closing Capital Account balance. The firm does not receive performance-based fees but allocates a portion of the Fund's net investment profit to the General Partner. West Elk emphasizes best execution in brokerage practices and does not allow directed brokerage accounts. The firm exercises investment discretion for the Fund, with the General Partner having voting authority over client securities. West Elk has no disciplinary events to report and maintains custody of certain Fund assets. The firm's Code of Ethics ensures compliance with laws and regulations, and its Proxy Voting Policy guides voting decisions in the best interests of clients.