Westwood Advisors manages private funds and co-investment vehicles, focusing primarily on energy-sector secondary investments, such as purchasing limited partner interests in private investment funds, direct co-investments, and private transactions. Westwood Advisors also manages the Salient MLP Total Return Fund and related entities. The firm operates as a wholly owned subsidiary of Westwood Holdings Group and provides investment management services exclusively through private fund structures rather than individual separate accounts. Investors in Westwood Advisors' funds typically include high-net-worth individuals, family offices, private trust clients, and institutional investors who meet specific eligibility and capital commitment thresholds.
Fee Structure
Westwood Advisors manages private funds and charges management fees and performance-based compensation that vary by vehicle and investor:
- Management fees — Generally 1.5% annually during the investment period for flagship closed-end secondaries funds.
- Performance-based compensation — Generally 15% carried interest payable to an affiliate after investors receive a return of contributed capital and the applicable preferred return.
- Co-investments — Certain co-investment opportunities may be offered on reduced-fee or no-fee/no-carry terms up to specified commitment levels.