Wsc & Company, LLC

WSC & Company, LLC is a registered investment adviser based in Charlotte, NC, specializing in providing investment advisory services to private investment funds focused on "search funds." The firm was formed in April 2017 and became an Exempt Reporting Adviser in 2020, later applying for registration with the SEC as a registered investment adviser in June 2023. The principal owners are Howard Badger Stone II and Macon Thomas Carroll. WSC's clients are private investment funds exempt from registration under the Investment Company Act of 1940, with assets managed on a discretionary basis totaling $313,297,587 as of December 31, 2024. The firm primarily serves qualified clients and accredited investors, with a focus on search funds and operating companies. WSC's investment strategies involve detailed financial due diligence, review of management teams, growth strategies, industry trends, and legal documentation. Risks associated with investments include market volatility, financial and operating risks, and potential conflicts of interest. WSC's fee structure includes management fees ranging from 1.5% to 2.0% of invested or committed capital, as well as carried interest based on realized gains. The firm does not participate in wrap fee programs and has a Code of Ethics in place to address conflicts of interest and personal trading. Clients do not have the ability to impose limitations on WSC's discretionary authority, and the firm has procedures for proxy voting when applicable. WSC does not solicit prepayment of fees exceeding $1,200 per client.