WCM Investment Management

Private equity with venture activitySEC-registered adviserClassification probable· Laguna Beach, California

Private equity with venture activity, based in Laguna Beach, California, reporting $9.9B of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$9.9B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
3
Latest vintage
2026
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (1)Team (5)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

2 additional team members, 25 additional investments, funds and LPs, 11 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 22 vehicles
    on Form D, 18 months

    $8.84B reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 1 company
    new in 12 months

    1 new company in the last 12 months. Latest round Hadrian Series D or later ($1.37B round, led) on 6 Aug 2026.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →

People to know

View all people
  • Mike Brady Trigg
    Co-Chief Executive Officer, Director/Elected Manager
    Why: Runs the firm (chief executive or president)
    No route on file yet
  • Paul Russell Black
    Co-Chief Executive Officer, Director/Elected Manager
    Why: Runs the firm (chief executive or president)
    No route on file yet

Relationship network

33 connected entities1 observed roundrounds 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to WCM Investment Management: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to WCM Investment Management

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

1 company on record, 1 new in 12 months
Investments on record
1 company, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
HadrianSeries D · Series D+leadunknown$1.4BunknownAug 6, 2026Fact Press release
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series d plus 100%
Stage at first entry
series d plus 100%
Sectors
unknown 100%
lead rate 100%follow-on rate 0%new companies, 12 months 1

Team

5 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
  • Mike Brady Trigg · Co-Chief Executive Officer, Director/Elected Manager
    Why this person: Runs the firm (chief executive or president); Named with investment responsibility
  • Paul Russell Black · Co-Chief Executive Officer, Director/Elected Manager
    Why this person: Runs the firm (chief executive or president); Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Board, advisers and operating partners (1)
  • Kurt Randal Winrich · Chairman, Director/Elected Manager Director/Elected Manager
    Why this person: Board member; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
5 current, 0 departed
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

26 vehicles, 0 LPs disclosed
Funds and vehicles
26 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
WCM Partners X, LLC - Series X5, Hadrian AutomationFund2026 form d first saleFundraisingunknownunknown$50.0MSep 17, 2026
WCM Partners X, LLC - Series X1Fund2026 form d first saleFundraisingunknownunknown$49.9MFeb 26, 2026
WCM Partners X, LLC - Series X3Fund2026 form d first saleFundraisingunknownunknown$30.0MAug 27, 2026
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
5 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Rita Allen FoundationFOUNDATIONWCM Focused International Opportunities Fund LP$1.2M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
Offutt Family FoundationFOUNDATIONWCM Focused Global Growth Fund LP$5.2M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
Cockrell FoundationFOUNDATIONWCM Focused International Growth Fund LP$28.8M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

1 co-investors · on 4 other DFX graphs
Co-investors
1 counted from shared deals, for the whole firm
Across DFX and the capital chainon 4 other DFX graphs · 10 capital paths Show
Across DFX
Across the graphs

WCM Investment Management is the same institution as 4 records in Private Equity, RIA and Wealth, Allocators and Independent Sponsors.

Private Equity1RIA and Wealth1Allocators1Independent Sponsors1

DFX found 4 relationships across 4 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

WCM Investment Management sits on 10 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 10 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

16 dated events, 31 observations from 2 sources
Timeline
16 dated events
  1. Sep 12, 2026
    WCM Select U.S. Equity Fund LP first reported on Form ADV by WCM Investment Management, GAV $10,607,664
    Fund first reported on Form ADVFundsFactWCM Select U.S. Equity Fund LPForm ADV
  2. Sep 12, 2026
    WCM Partners Spv-U first reported on Form ADV by WCM Investment Management, GAV $102,237,815
    Fund first reported on Form ADVFundsFactWCM Partners Spv-UForm ADV
  3. Sep 12, 2026
    WCM Partners Spv III LP first reported on Form ADV by WCM Investment Management, GAV $667,025,932
    Fund first reported on Form ADVFundsFactWCM Partners Spv I LPForm ADV
  4. Sep 12, 2026
    WCM Partners Spv II LP first reported on Form ADV by WCM Investment Management, GAV $65,878,027
    Fund first reported on Form ADVFundsFactWCM Partners Spv I LPForm ADV
  5. Sep 12, 2026
    WCM Partners Spv I LP first reported on Form ADV by WCM Investment Management, GAV $49,560,484
    Fund first reported on Form ADVFundsFactWCM Partners Spv I LPForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Aug 31, 2026 · 15 private fundsShow
Headquarters
Laguna Beach, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
unknown
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Aug 31, 2026
Private funds reported
15 (3 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$9.9Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$97Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
102
Owners on Schedule A
Natixis Investment Managers, (Member Of Registrant), owns 10% to 25%; Thalia Street Partners LLC (Member), owns 75% or more
Classification history
Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 18% of 15 private funds
  2. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 20% of 15 private funds
Evidence
31 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedAug 31, 2026FactForm ADV
SEC adviser typeRegistered investment adviserAug 31, 2026FactForm ADV
SEC adviser typeRegistered investment adviserAug 31, 2026FactForm ADV
First Form ADV filing2012-02-28Aug 31, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Latest Form ADV filing2026-08-31Aug 31, 2026FactForm ADV
Latest Form ADV filing2026-08-31Aug 31, 2026FactForm ADV
Adv pdf loadedadv-pdf-1Sep 12, 2026FactForm ADV
SEC statusApprovedAug 31, 2026FactForm ADV
SEC status effective1976-08-12Aug 31, 2026FactForm ADV
Venture share of reported funds0Aug 31, 2026FactForm ADV
Business phoneAug 31, 2026FactForm ADV
Employees102Aug 31, 2026FactForm ADV
HeadquartersLaguna Beach, CAAug 31, 2026FactForm ADV
Office addressAug 31, 2026FactForm ADV
Legal formLimited Liability CompanyAug 31, 2026FactForm ADV
Other funds reported7Aug 31, 2026FactForm ADV
PE funds reported4Aug 31, 2026FactForm ADV
Private funds reported15Aug 31, 2026FactForm ADV
Private funds reported15Aug 31, 2026FactForm ADV
Private fund gross assets (reported)$9.9BAug 31, 2026FactForm ADV
Private fund gross assets (reported)$9.9BAug 31, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$97BAug 31, 2026FactForm ADV
Schedule a diffsadiff-1Aug 31, 2026FactForm ADV
Venture funds reported3Aug 31, 2026FactForm ADV
Venture funds reported3Aug 31, 2026FactForm ADV
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probableShow
Importance
34
moderate
Active deployment
29
moderate
Emerging
0
low
Freshness
100
high
Private equity with venture activity · probableSEC registered investment adviser

Registered adviser; venture funds are 18% of 15 private funds

The inputs behind each score
importance
gav: $0 · funds: 1 · people: 0.12 · investments: 0 · scale basis: Venture-typed funds only (Private equity with venture activity): 14 funds, $378M of $9.9B reported · co investors: 0
active deployment
investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-06
emerging manager
fund count: 26 · reported gav: $9.9B · first adv filing: 1976-08-12 · years since first filing: 50.1

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

2 scored matches, best firstas of
  • score 29.3confidence 80%
    Why: stage fit; activity
  • score 29.3confidence 80%
    Why: stage fit; activity

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    1976-08-12source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.