Private fund adviser · SAN Francisco, CA
Westcap Management, LLC
SEC-registered investment adviser · CRD 301822 · SEC 801-119189
At a glance
Westcap Management, LLC is an SEC-registered investment adviser based in SAN Francisco, California, with $7.4 billion in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 743rd of 4,686 private fund advisers and 1,635th of 17,210 SEC-registered advisers by assets.
Main office 646-645-4356westcap.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $7.4B
- Rank among private fund advisers
- #743 of 4,686
- Rank among all SEC RIAs
- #1,635 of 17,210
- Rank in California
- #171 of 1,873
- Clients
- 48
- Accounts
- 48
- Discretionary
- 100% of AUM
- Employees
- 73
- Advisory staff
- 15
- Offices
- 4
Owners and executives on its Form ADV
- Laurence A. TosiManaging Member
- Michael DavisChief Administrative Officer, Chief Compliance Officer
Custody and brokerage
Custodian
Westcap Management, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Westcap Management, LLC is a hybrid RIA: 2 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Westcap Markets, LLC.
- Westcap Markets, LLC
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 45 | $7.4B | 100% |
| Corporations or other businesses | 3 | $2M | <1% |
Private funds
Westcap Management, LLC reports 43 private funds with $6.0B in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Westcap Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗westcap.com ↗
AtlasMembers
The full record on Westcap Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 5 years of filings
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- Growth over one, three and five years
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- Rank against 1,138 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Westcap Management, LLC manage?
Westcap Management, LLC reports $7.4 billion in regulatory assets under management across 48 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Westcap Management, LLC?
Westcap Management, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Westcap Management, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($7.4 billion, 45 clients); corporations or other businesses ($2 million, 3 clients).
Does Westcap Management, LLC manage private funds?
Yes. It reports 43 private funds with $6.0 billion in gross assets, including private equity funds.
Does Westcap Management, LLC have any disciplinary history?
Westcap Management, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Westcap Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →