WPS Direct, LLC
WPS Direct, LLC is a hedge fund based in Richmond, Virginia. According to its most recent Form D, filed Mar 6, 2026, the fund has sold $75,411,872 of interests to 12 investors since its first sale in Dec 2021. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include WPS Capital Management, LLC; Thompson, Siegel & Walmsley LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Thompson Siegel & Walmsley LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +5.8% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +23.5% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $75,411,872Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Dec 16, 2021
- Minimum investment
- $1,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- WPS Capital Management, LLC; Thompson, Siegel & Walmsley LLC
- Latest Form D
- Mar 6, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about WPS Direct, LLC
What is the minimum investment for WPS Direct, LLC?
According to its latest Form D, filed Mar 6, 2026, the minimum investment WPS Direct, LLC accepts from an outside investor is $1,000,000.
Who can invest in WPS Direct, LLC?
WPS Direct, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has WPS Direct, LLC raised?
WPS Direct, LLC reports $75,411,872 sold from 12 investors on its Form D filed Mar 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is WPS Direct, LLC based?
WPS Direct, LLC is based in Richmond, Virginia and is managed by Thompson Siegel & Walmsley LLC.
When did WPS Direct, LLC launch?
WPS Direct, LLC reports its first sale in Dec 2021.
Size compared with every hedge fund
Raised more than 65% of the 102 hedge funds based in Virginia, and more than 53% of all 10,308 that report sales.