Investment adviser · CRD 160555

DW HEALTHCARE PARTNERS

Investment adviser filing (IA)

DW MANAGEMENT SERVICES, L.L.C.

PARK CITY, UT, United States · Form ADV filed May 11, 2026

Regulatory AUM
$2.74B
Form ADV · Item 5.F
Client accounts
12
Accounts, not individual clients
Employees
34
Reported in this filing
Advisory professionals
29
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles12$2,737,032,573100.0%
Filing source

Form ADV 2104412 · May 11, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

17 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

DW HEALTHCARE PARTNERS V, L.P.Private Equity Fund · Last reported May 11, 2026$1.37BGross asset value

Form D fundraising filings

DW HEALTHCARE PARTNERS V, L.P.

Fund administrator ALTER DOMUS SALT LAKE CITY, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands
Custodian FIRST-CITIZENS BANK & TRUST COMPANY RALEIGH, North Carolina, United States Related to adviser: No
Custodian WELLS FARGO BANK, NATIONAL ASSOCIATION SALT LAKE CITY, Utah, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LTD.
PCAOB 1655

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

WELLS FARGO BANK, NATIONAL ASSOCIATION
LEI KB1H1DSPRFMYMCUFXT09

Fund details & source
Fund ID
805-3914538964
Reported beneficial owners
91
Minimum commitment
$1M
Form D file number
021-338515

Form ADV 2104412 · May 11, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DW HEALTHCARE PARTNERS VI, L.P.Private Equity Fund · Last reported May 11, 2026$365MGross asset value

Form D fundraising filings

DW HEALTHCARE PARTNERS VI, L.P.

Fund administrator ALTER DOMUS SALT LAKE CITY, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP SALT LAKE CITY, Utah, United States
Custodian FIRST-CITIZENS BANK & TRUST COMPANY RALEIGH, North Carolina, United States Related to adviser: No
Marketer AUGUST CAPITAL ONTARIO, Canada Related to adviser: No
Marketer M2O PRIVATE FUND ADVISORS LLC WHITE PLAINS, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG LLP
PCAOB 42

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

M2O PRIVATE FUND ADVISORS LLC
CRD 158741 · SEC 8-68917

Fund details & source
Fund ID
805-8688855690
Reported beneficial owners
59
Minimum commitment
$5M
Form D file number
021-520260

Form ADV 2104412 · May 11, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DW HEALTHCARE PARTNERS SMALL CAP, L.P.Private Equity Fund · Last reported May 11, 2026$297MGross asset value

Form D fundraising filings

DW HEALTHCARE PARTNERS SMALL CAP, L.P.

Fund administrator ALTER DOMUS SALT LAKE CITY, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP SALT LAKE CITY, Utah, United States
Custodian FIRST-CITIZENS BANK & TRUST COMPANY RALEIGH, North Carolina, United States Related to adviser: No
Custodian WELLS FARGO BANK, NATIONAL ASSOCIATION SALT LAKE CITY, Utah, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

WELLS FARGO BANK, NATIONAL ASSOCIATION
LEI KB1H1DSPRFMYMCUFXT09

Fund details & source
Fund ID
805-4826136187
Reported beneficial owners
46
Minimum commitment
$5M
Form D file number
021-417037

Form ADV 2104412 · May 11, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DW HEALTHCARE PARTNERS MLG CV, L.P.Private Equity Fund · Last reported May 11, 2026$291MGross asset value

Form D fundraising filings

DW Healthcare Partners MLG CV, L.P.

Fund administrator ALTER DOMUS SALT LAKE CITY, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP SALT LAKE CITY, Utah, United States
Custodian FIRST-CITIZENS BANK & TRUST COMPANY RALEIGH, North Carolina, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

Fund details & source
Fund ID
805-2945418335
Reported beneficial owners
37
Minimum commitment
$0
Form D file number
021-530137

Form ADV 2104412 · May 11, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DW HEALTHCARE PARTNERS IV, L.P.Private Equity Fund · Last reported May 11, 2026$223MGross asset value

Form D fundraising filings

DW Healthcare Partners IV, L.P.

Fund administrator ALTER DOMUS SALT LAKE CITY, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP SALT LAKE CITY, Utah, United States
Custodian FIRST-CITIZENS BANK & TRUST COMPANY RALEIGH, North Carolina, United States Related to adviser: No
Custodian WELLS FARGO BANK, NATIONAL ASSOCIATION SALT LAKE CITY, Utah, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

WELLS FARGO BANK, NATIONAL ASSOCIATION
LEI KB1H1DSPRFMYMCUFXT09

Fund details & source
Fund ID
805-3452278700
Reported beneficial owners
31
Minimum commitment
$750K
Form D file number
021-254311

Form ADV 2104412 · May 11, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DW HEALTHCARE PARTNERS IV (B), L.P.Private Equity Fund · Last reported May 11, 2026$102MGross asset value

Form D fundraising filings

DW Healthcare Partners IV B, L.P.

Fund administrator ALTER DOMUS SALT LAKE CITY, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP SALT LAKE CITY, Utah, United States
Custodian FIRST-CITIZENS BANK & TRUST COMPANY RALEIGH, North Carolina, United States Related to adviser: No
Custodian WELLS FARGO BANK, NATIONAL ASSOCIATION SALT LAKE CITY, Utah, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

WELLS FARGO BANK, NATIONAL ASSOCIATION
LEI KB1H1DSPRFMYMCUFXT09

Fund details & source
Fund ID
805-3362582994
Reported beneficial owners
17
Minimum commitment
$750K
Form D file number
021-254316

Form ADV 2104412 · May 11, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DW HEALTHCARE AFFILIATES V, L.P.Private Equity Fund · Last reported May 11, 2026$26MGross asset value

Form D fundraising filings

DW HEALTHCARE AFFILIATES V, L.P.

Fund administrator ALTER DOMUS SALT LAKE CITY, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands
Custodian FIRST-CITIZENS BANK & TRUST COMPANY RALEIGH, North Carolina, United States Related to adviser: No
Custodian WELLS FARGO BANK, NATIONAL ASSOCIATION SALT LAKE CITY, Utah, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LTD.
PCAOB 1655

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

WELLS FARGO BANK, NATIONAL ASSOCIATION
LEI KB1H1DSPRFMYMCUFXT09

Fund details & source
Fund ID
805-1739970107
Reported beneficial owners
29
Minimum commitment
$50K
Form D file number
021-352101

Form ADV 2104412 · May 11, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: May 11, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

1413 CENTER DRIVE, STE. 220
PARK CITY, UT, 84098-7401, United States

CRD 160555

Filing source

Form ADV 2104412 · May 11, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.