THE WATERMILL GROUP
WATERMILL MANAGEMENT COMPANY, LLC Legal Name
Adviser information for THE WATERMILL GROUP last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 16 |
|---|---|
| Investment Advisory/Research | 11 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 15 | $209.4M |
| Non-Discretionary | 0 | $0 |
| Total | 15 | $209.4M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 15 | $209.4M |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 24 |
Services
| Advisory Services | Portfolio management for pooled investment vehicles |
|---|---|
| Compensation | Fixed feesPerformance-based feesMONITORING FEES |
Identifiers
| SEC RIA File Number | 801-126185 |
|---|---|
| SEC ERA File Number | 801-126185 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 163370 |
| Legal Entity Identifier | None |
Principal Office
321 NEWBURY STSECOND FLOOR
BOSTON
MA
United States
Monday - Friday, 9-5
Tel: 781-891-6660, Fax: 781-891-9712
Chief Compliance Officer
BENJAMIN PICKMAN PROCTER
SENIOR PARTNER
321 NEWBURY ST
SECOND FLOOR
BOSTON
MA
United States
Tel:
781-398-9464
Fax:
781-891-9712
B*******@************M
(Full email address available in API data)
Regulatory Contact
JULIA D. KAROL
PRESIDENT AND CHIEF OPERATING OFFICER
321 NEWBURY ST
SECOND FLOOR
BOSTON
MA
United States
Tel:
781-398-9463
Fax:
781-891-9712
J*****@************M
(Full email address available in API data)
Industry Affiliates
| FITZWILLIAM WORKS REALTY MANAGEMENT LLC | Sponsor, GP, manager of pooled investment vehicles |
| STEVEN E. KAROL | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL OPPORTUNITY GP LP | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL OPPORTUNITY GP, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-CT ENTERPRISES II, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-CT ENTERPRISES, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-ENBI ENTERPRISES II, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-ENBI ENTERPRISES III, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-ENBI ENTERPRISES, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-SHELBYVILLE ENTERPRISES, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-TENERE ENTERPRISES, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-TRANSPORTATION ENTERPRISES II LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-TRANSPORTATION ENTERPRISES III, LLC | Sponsor, GP, manager of pooled investment vehicles |
| WATERMILL-TRANSPORTATION ENTERPRISES LLC | Sponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| FITZWILLIAM WORKS REALTY I, LP | Private Equity Fund | $1.5M | $0.0M | 24 |
| FITZWILLIAM WORKS REALTY II, LP | Private Equity Fund | $1.4M | $0.0M | 10 |
| OSCEOLA REALTY LLC | Real Estate Fund | $1.3M | $0.0M | 33 |
| WATERMILL OPPORTUNITY FUND SERIES I - WESTON | Private Equity Fund | $57.3M | $0.1M | 42 |
| WATERMILL WESTON CO-INVESTMENT, LP | Private Equity Fund | $26.4M | $0.1M | 2 |
| WATERMILL-CT PARTNERS, LP | Private Equity Fund | $51.2M | $0.0M | 58 |
| WATERMILL-CTB PARTNERS, LP | Private Equity Fund | $6.6M | $0.0M | 41 |
| WATERMILL-ENBI PARTNERS II, LP | Private Equity Fund | $0.0M | $0.0M | 32 |
| WATERMILL-ENBI PARTNERS III, LP | Private Equity Fund | $11.4M | $0.0M | 36 |
| WATERMILL-ENBI PARTNERS, LP | Private Equity Fund | $0.0M | $0.1M | 46 |
| WATERMILL-SHELBYVILLE PARTNERS, LP | Real Estate Fund | $1.6M | $0.0M | 36 |
| WATERMILL-TENERE PARTNERS, LP | Private Equity Fund | $0.5M | $0.1M | 50 |
| WATERMILL-TRANSPORTATION DEBT PARTNERS, LP | Private Equity Fund | $8.5M | $0.0M | 47 |
| WATERMILL-TRANSPORTATION PREF PARTNERS II, LP | Private Equity Fund | $1.6M | $0.0M | 59 |
| WATERMILL-TRANSPORTATION PREF PARTNERS III, L.P. | Private Equity Fund | $40.1M | $0.0M | 54 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| KAROL, STEVEN, EDWARD | Individual | – | MANAGING MEMBER | 03/2002 | 25-50% |
| KAROL, JULIA | Individual | – | PRESIDENT AND CHIEF OPERATING OFFICER | 08/2016 | 50-75% |
| PROCTER, BENJAMIN, PICKMAN | Individual | – | CHIEF COMPLIANCE OFFICER, SENIOR PARTNER | 07/2022 | < 5% |