BWC Founders Fund
The BWC Founders Fund
The firms inaugural fund, created to manage the founders personal capital, designed by the founder and fund manager to balance risk management, wealth preservation, and growth. Founder Alignment is not simply something we say, it is the reason the firm exists.
Founder Alignment
Your Capital. Our Capital. The Same Strategy.
The BWC Founders Fund was named for a reason. The Founder and Fund Manager invests meaningful personal capital alongside every investor — ensuring that every risk decision is made with the stewardship of a partner, not just a manager.
- Founder capital invested directly in the fund under identical terms and risk exposure as every limited partner
- Direct access to the Founder and Fund Manager — the architect of the strategy — not a sales desk or intermediary
- Full transparency through monthly investor letters, performance reporting, and open dialogue on systematic decision-making
While our strategies are driven by code, our relationship with investors is driven by a commitment to personal partnership.
Rogan McGillis — Founder & Fund Manager
Olympic National Park, Washington
Fund Performance
Performance Snapshot
Systematic discipline translated into measurable results. Net returns since inception (March 2025 - August 2026).
Performance Analysis
Fund Performance vs. Benchmark
Detailed fund performance and risk metrics versus benchmark.
| Period | BWC Founders Fund | S&P 500 TR | Difference |
|---|---|---|---|
| 1 Month | .8% | 2.7% | (2.0)% |
| 3 Month | .8% | 1.7% | (0.9)% |
| 12 Month | 39.7% | 20.4% | 19.3% |
| YTD | 21.1% | 13.1% | 7.9% |
| Cumulative | 56.3% | 33.8% | 22.4% |
| Annualized Return | 34.7% | 21.4% | 13.2% |
Performance is reported on a Net Return basis after all fees and expenses.
Risk
Risk & Performance Metrics
| Metric | BWC Founders Fund | S&P 500 TR |
|---|---|---|
| Risk-Adjusted Returns | ||
| Sharpe Ratio | 1.50 | 1.23 |
| Sortino Ratio | 3.16 | 1.85 |
| Calmar Ratio | 3.29 | 1.47 |
| Gain-to-Pain Ratio | 1.46 | 1.27 |
| Information Ratio | .84 | |
| Alpha (Annualized) | 16.1% | |
| Volatility & Drawdown | ||
| Volatility (6 Mth Trailing) | 15.3% | 14.0% |
| Volatility (Cumulative) | 21.5% | 17.1% |
| Max Drawdown (6 Mth Trailing) | (7.5%) | (8.9%) |
| Max Drawdown | (10.6%) | (14.7%) |
| Median Drawdown | (0.5%) | (0.6%) |
| Avg Recovery Time (days) | 6.0 | 7.7 |
| Market Capture | ||
| % Months Positive | 77.8% | 66.7% |
| Beta | .85 | |
| Upside Capture Rate | 67.3% | |
| Downside Capture Rate | 43.9% | |
Performance metrics are calculated on daily Net Returns after all fees and expenses for the purpose of illustrating fund characteristics. S&P 500 Total Return figures are index returns and bear no fees.
Fund Structure
Fund Details
- Fund Name
- BWC Founders Fund, LLC
- Management Entity
- Blackworks Capital Management LLC
- Inception Date
- March 2025
- Benchmark
- S&P 500 Total Return (SPXTR)
- Minimum Investment
- $100,000 USD
- Fee Structure
- 2%/15%
- Liquidity
- Monthly
- Fund Structure
- Delaware LLC
- Auditor
- Cherry Bekaert LLP
- Administrator
- RePool, Inc.
This information is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results. Investors should review the fund’s offering documents carefully before making any investment decision.
Next step
Start a Conversation
Speak directly with the Founder and Fund Manager about the BWC Founders Fund, our systematic approach, and whether it aligns with your investment objectives.
Grand Teton National Park, Wyoming