Managers/Private credit/California/Westcap Management

Westcap Management

Westcap Management is a private credit and private equity manager in San Francisco, CA. It is registered with the SEC as an investment adviser with $7.4B in regulatory assets and 73 staff. It has 16 funds on file, the latest reported in December 2025.

Funds on file
16
Raised, all funds
$953.6M
Regulatory assets
$7.4B
Staff
73
Pension investors
1
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Dec 2025 WestCap Strategic Operator Fund III, L.P. Private equity $0 Not given
Dec 2025 WestCap Strategic Operator Fund III Lux SCSp Private equity $0 Not given
Dec 2025 WestCap Strategic Operator Fund III Offshore, L.P. Private equity $0 Not given
Sep 2025 WestCap StubHub Opportunity Fund Preferred, LLC Private equity $133.7M $133.7M
May 2025 Thorium SBS iAltA 2024, LP Private equity $1.7M $1.7M
May 2025 Thorium SBS Siepe Blocker, LLC Private equity $2.6M $2.6M
May 2025 Thorium SBS Siepe, LP Private equity $2.6M $2.6M
May 2025 Thorium SBS Valon, LP Private equity $7.6M $7.6M
May 2025 Thorium SOF II iAltA 2024, LP Private equity $9.7M $9.7M
May 2025 Thorium SOF II Siepe Blocker, LLC Private equity $12.4M $12.4M
May 2025 Thorium SOF II Siepe, LP Private equity $12.4M $12.4M
May 2025 Thorium SOF II Valon, LP Private equity $42.7M $42.7M
Oct 2024 WestCap Strategic Operator Fund II Side-by-Side, L.P. Private equity $30.8M $30.8M
Oct 2024 WestCap Strategic Operator Fund II Side-by-Side Offshore, L.P. Private equity $83.4M $83.4M
Jul 2021 WestCap Strategic Operator Fund II, L.P. Private equity $527M $2.2B
Feb 2021 WestCap Loanpal, LLC Private credit $87M $87M

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$7.4B
Employees73
Clients45 private funds and 3 companies.
Control personsMichael Davis, Laurence, Anthony Tosi.
Private funds35 private funds holding $6.3B in gross assets.

Private funds it reports

FundTypeGross assets
Westcap Strategic Operator Fund II Private equity $2.1B
Westcap Strategic Operator Fund Private equity $1.9B
Westcap Stub Private equity $729.1M
Westcap Investment Partners Private equity $390.2M
Westcap Loanpal Co-invest 2020 Private equity $368.1M
Westcap Stub II-2020 Private equity $199M
Westcap Strategic Operator Fund II Side-by-side Private equity $115.9M
Westcap Nydig Co-invest 2021 Private equity $105.6M
Westcap BG Private equity $69.1M
Westcap Stub BTG Private equity $68.1M
Iridium Sof II Ieq 2021 Co-invest Private equity $46.8M
Westcap VG Private equity $35.4M
Westcap Flyr Co-invest 2022 Private equity $29.9M
Westcap BG Convert Private equity $27.6M
Westcap Blueground Co-invest 2022 Private equity $27.2M