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W Capital Partners
W Capital Partners is a GP-Solutions secondaries investor that has provided liquidity solutions for leading GP sponsors across all market cycles for over two...
Overview
W Capital Partners is a GP-Solutions secondaries investor that has provided liquidity solutions for leading GP sponsors across all market cycles for over two decades. It is a private equity firm that provides secondary liquidity solutions to GPs and other private company shareholders. It is a division of BNP Paribas Asset Management. Its solutions include minority recaps, GP-led continuation funds, direct secondaries, and structured solutions. W CAPITAL PARTNERS was listed as registered with the SEC in the IAPD firm compilation observed on 2026-10-22. In Form ADV filed on 2026-04-29, it reported 20 employees; 15 advisory accounts; services including Portfolio management for pooled investment vehicles; client categories including Pooled investment vehicles; compensation arrangements including A percentage of assets under management, Performance-based fees. These are dated adviser-reported facts, not independently verified by Altss. Registration does not constitute approval or endorsement. This historical filing does not establish current registration status or operations.
General information
Firm type
Private Equity
Year founded
2001
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
David Wachter
Managing Partner & Founder
Stephen Wertheimer
Managing Partner & Founder
Sector focus
Frequently asked questions
How is W Capital Partners different from a typical secondaries firm?
W Capital focuses exclusively on direct secondary transactions, buying single-company equity stakes from individual shareholders rather than acquiring limited partnership interests in private equity funds. This means W Capital negotiates directly with employees, founders, or early investors seeking personal liquidity, not with fund managers. The firm's entire sourcing model is built around company-level stakeholder relationships, not fund-level portfolio sales.
Does W Capital Partners invest in primary funding rounds?
No, W Capital does not participate in primary funding rounds. The firm exclusively purchases existing shares from selling stockholders in companies that have already raised capital from traditional venture investors. This means W Capital is not a source of new growth capital for companies; it provides liquidity to individuals and institutions that are already shareholders.
How does W Capital source its deals?
The firm's deal sourcing relies heavily on its two decades of relationships with venture capital firms, company management teams, and corporate development groups that encounter shareholders seeking secondary liquidity. By being a known, reliable buyer in private-company cap tables, W Capital receives direct inbound inquiries when existing investors or employees explore partial or full exits before a formal company liquidity event.
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