WiL, LLC is a private equity firm specializing in venture capital investing in startup or growth-stage companies. WiL Strategic Partners, LLC uses a fund of funds strategy, focusing primarily on investing in venture capital funds. The firm provides discretionary investment advisory and management services to affiliated private investment partnerships.
WiL manages investments for private investment funds, not individual investors. The firm receives a management fee and a performance-based fee (carried interest) from these funds. The management fee is a percentage of the total capital commitments to the fund, and the rate varies by fund. The carried interest is a share of capital gains on the fund's assets.