Westcap Management

Private Equity SEC-registered adviser

Legal name: Westcap Management, LLC

San Francisco, CA Website LinkedIn X

AUM

$7.4B
Regulatory AUM

Private funds

43
Private Equity 43

Private fund assets

$6.0B
Gross asset value

Employees

73

Last Form D raise

Sep 2025
Most recent fund filing

From SEC Form ADV filing (filed Mar 31, 2026). View on SEC

People(1)

Owners and executive officers named on the firm's SEC Form ADV.

L
Laurence Tosi
Managing Member
Source: SEC Form ADV

Funds(43)

Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.

FundTypeGross assetsRaised (Form D)InvestorsLast Form DRecency
Westcap Stubhub Opportunity Fund Preferred, LLCPrivate Equity$84.7M$133.7M31Sep 2025Cool
Thorium Appdirect Co-Invest, LLCPrivate Equity$35.8M$12.0M3Jan 2025Cool
Rhodium Aveone Co-Invest 2022, LLCPrivate Equity$9.6M$10.3M8Nov 2024Cool
Westcap Strategic Operator Fund II Side-By-Side Offshore, L.P.Private Equity$127.9M$83.4M9Oct 2024Cool
Westcap Strategic Operator Fund II Side-By-Side, LPPrivate Equity$56.9M$30.8M19Oct 2024Cool
Westcap Stub LLCPrivate Equity$321.8M$370.1M69Feb 2020Cold
Westcap Strategic Operator Fund II, L.P.Private Equity$1.8B———
Westcap Strategic Operator Fund, L.P.Private Equity$1.5B———
Westcap Strategic Operator Fund II Offshore, LPPrivate Equity$552.3M———
Westcap Loanpal Co-Invest 2020, LLCPrivate Equity$281.9M———
Westcap Investment Partners, LLCPrivate Equity$272.0M———
Westcap Stub II-2020, LLCPrivate Equity$107.8M———
Westcap Nydig Co-Invest 2021, LLCPrivate Equity$105.6M———
Westcap Bg, LLCPrivate Equity$100.8M———
Iridium Sof II Ieq 2021 Co-Invest, L.P.Private Equity$52.1M———

Board seats(6)

Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.

Addepar
Other TechnologyMountain View, CADirector: Laurence Tosi
$166.3M raised
Since Jun 2021
SEC Form D
WestCap Cerebral
OtherSan Francisco, CADirector: Laurence Tosi
$5.0M raised
Since Jul 2020
SEC Form D
WestCapSkillz 2020-A
OtherSan Francisco, CADirector: Laurence Tosi
$10.0M raised
Since Jun 2020
SEC Form D
WestCap Bolt
OtherSan Francisco, CADirector: Laurence Tosi
$15.0M raised
Since Jun 2020
SEC Form D
WestCap Sonder 2020-A
OtherSan Francisco, CADirector: Laurence Tosi
$15.4M raised
Since Apr 2020
SEC Form D
WestCap Hopper
OtherSan Francisco, CADirector: Laurence Tosi
$10.0M raised
Since Apr 2020
SEC Form D

Regulatory identifiers

CRD number
301822
SEC file number
801-119189

Sources