Wingspan Capital, LLC

Wingspan Capital LLC is a registered investment adviser specializing in providing a diversified "fund of funds" pool of uncorrelated private niche investment fund interests. Established in 2019 by Andrew Eberhart, the firm offers advisory services on both discretionary and non-discretionary bases to private funds and separately managed accounts for high-net-worth individuals. The firm focuses on private niche investments such as railcar, inland marine, credit opportunities, digital infrastructure, specialty real estate, farmland, and intermodal investments. Clients' portfolios are managed based on investment management agreements, investment guidelines, and the clients' investment policies. As of December 31, 2024, the firm managed approximately $94,959,213 in discretionary assets and $19,961,473 in non-discretionary assets. Fees for services vary by client and include management fees ranging from 0.25% to 2%, performance fees, and advisory fees. The firm does not participate in wrap fee programs and may waive minimum investment amounts at its discretion. The firm does not have investment discretion over separately managed accounts. The firm has implemented a Code of Ethics to address conflicts of interest and ensure fair treatment of clients. No material changes have occurred since the last annual amendment, and there are no legal or disciplinary events affecting the firm's integrity. The firm does not receive compensation from the sale of securities or recommend other investment advisers for clients.