# W Capital Partners

W Capital Partners is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2001
- **Assets under management:** $2.0B - $3.0B (Altss estimate)
- **Website:** www.wcapgroup.com
- **LinkedIn:** https://www.linkedin.com/company/w-capital-partners

## Regulatory record

- **CRD number:** 159408
- **SEC file number:** 801-73383
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/159408

## About

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.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- Cybersecurity
- AI/ML
- Industrial Tech

## People

- David Wachter — Managing Partner & Founder
- Stephen Wertheimer — Managing Partner & Founder

## 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.

## Related profiles

- [Wayzata Investment Partners](https://altss.com/profile/wayzata-investment-partners)
- [WDB Investment Holdings](https://altss.com/profile/wdb-investment-holdings)

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Last updated: 2026-08-11T15:08:32.892Z

Canonical page: https://altss.com/profile/w-capital-partners

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