Wil, LLC

WiL, LLC, established in 2014, is a private equity firm specializing in venture capital investments in startup and growth-stage consumer and enterprise companies. The firm focuses on U.S.-based startups expanding in Japan and Asia, and Japanese startups looking to go global. WiL Strategic Partners, LLC, formed in 2019, operates with a "fund of funds" strategy, investing primarily in unaffiliated venture capital funds. The firm manages $2.17 billion in regulatory assets under management, providing discretionary investment advisory services to affiliated private investment partnerships. Clients typically commit a minimum of $10 million, with management fees starting at 2.5% annually. WiL also receives performance-based fees known as "Carried Interest." The firm's investment strategies involve significant risks, including those related to venture capital investments, technology sector exposure, and changing economic conditions. WiL emphasizes best execution in brokerage practices, does not engage in soft dollar arrangements, and has a Code of Ethics to manage conflicts of interest. The firm exercises investment discretion for the Funds, with limited partner control and side letters allowing for variations in investment terms. WiL does not typically vote proxies for the Funds and has established policies to address conflicts of interest in proxy voting. The firm has not experienced any material disciplinary events or financial conditions that could impair its ability to meet client commitments.