Private company

WTI Fund X, Inc.

American company, incorporated in Maryland1

In its 2026 annual report the company says: “The Fund is a wholly-owned subsidiary of WTI Fund X, LLC, a Delaware limited liability company.”3 It is headquartered in Portola Valley, California.1

Last updated Oct 20, 2026.

Overview

  • HeadquartersPortola Valley, California1
  • Incorporated inMD2
  • Business address104 La Mesa Drive, Suite 102, Portola Valley, Ca 940282
  • Filer categoryNon-accelerated filer2

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WTI Fund X, Inc. (the “Fund”) was incorporated in Maryland on October 19, 2020 as a non-diversified, closed-end management investment company that elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”) and is managed by Westech Investment Advisors LLC (the “Manager” or “Management”) whose ultimate parent is Ridgepost Capital, Inc. (formerly known as P10, Inc.), a Delaware corporation. The Fund is a wholly-owned subsidiary of WTI Fund X, LLC, a Delaware limited liability company (the “Company”). The Fund’s investment objective is to achieve superior risk-adjusted investment returns. The Fund primarily provides debt financing to carefully selected companies that have received equity funding from traditional sources of venture capital equity funding (i.e., a professionally managed venture capital firm), as well a…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income456$41.4M in 2025
-$20.0M0$20.0M$40.0M$60.0M2021: -$1.2M-$1.2M20212022: $10.8M$10.8M20222023: $25.3M$25.3M2023+134%2024: $31.5M$31.5M2024+24%2025: $41.4M$41.4M2025+31%
Fiscal year202120222023202420252026
Net income-$1.2M4$10.8M5$25.3M6$31.5M6$41.4M6
Earnings per share-$12.424$108.035$253.176$315.136$413.916
Earnings per share (diluted)-$12.424$108.035$253.176$315.136$413.916
Shares (weighted, basic)100.0K shares4100.0K shares5100.0K shares6100.0K shares6100.0K shares6
Shares (weighted, diluted)100.0K shares4100.0K shares5100.0K shares6100.0K shares6100.0K shares6

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Corporate structure

WTI Fund X, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of WTI Fund X, Inc.

  • Westech Investment Advisors LLC Filed SC 13G on WTI Fund X, Inc., latest Feb 14, 2022
  • WTI Fund X, Inc. Portola Valley, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What WTI Fund X, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$24.2M6 Dec 31, 2025$25.2M6 Dec 31, 2024−4.1%

Properties, in its own words

All of the Fund’s office space is provided by the Manager. The executive offices are located at 104 La Mesa Drive, Suite 102, Portola Valley, CA 94028.

Item 2 of the 10-K filed Mar 13, 2026.3

Leadership

Who has led WTI Fund X, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Maurice Clark Werdegar2021

Chief financial officer

  1. Judy Bornstein2021
  2. Jared S. Thear2022
2025
Board members and other officers (4)

Timeline

  1. Oct 15, 20268-K New debt or obligation15
  2. May 26, 20268-K Shareholder vote16
  3. May 23, 20258-K Shareholder vote17
  4. May 21, 20248-K Shareholder vote18
  5. Jun 22, 20238-K New debt or obligation19
  6. May 23, 20238-K Shareholder vote20
  7. Mar 21, 20238-K Bylaws or fiscal year changed21
  8. Oct 18, 20228-K Entered a material agreement; Ended a material agreement; Change in control22
  9. Oct 6, 20228-K Shareholder vote23
  10. Aug 29, 20228-K Other events24
  11. May 24, 20228-K Shareholder vote25
  12. Jan 7, 20228-K Executive or director change26
  13. Jul 19, 2021New chief executive Maurice Clark Werdegar becomes CEO9

Filings

57 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 15 major events, 2 insider forms, 1 large holders, 19 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Aug 13, 202610-Q WTI10 10-Q - 6.30.2026 EDGAR
  3. May 26, 20268-K EDGAR
  4. May 22, 202640-17G 40-17G WTI10 FIDELITY BOND 2026 EDGAR
  5. May 14, 202610-Q EDGAR
  6. Apr 7, 2026ARS WTI10 ARS DECEMBER 31, 2025 EDGAR
  7. Apr 7, 2026DEF 14A WTI10INC DEFINITIVE PROXY STATEMENT 2026 DEF14A EDGAR
  8. Mar 13, 202610-K WTI10 - Q4 10-K12.31.2025 EDGAR
  9. Nov 13, 202510-Q WTI10 - Q3 10Q 9.30.2025 EDGAR
  10. Aug 13, 202510-Q WTI FUND X INC 10-Q 06.30.25 EDGAR
  11. Jun 27, 202540-17G WTI10 40-17G FIDELITY BOND 2025 EDGAR
  12. May 23, 20258-K EDGAR
  13. May 14, 202510-Q WTI FUND X, INC. Q1 2025 10-Q EDGAR
  14. Apr 3, 2025ARS WTI10 ARS DECEMBER 31, 2024 EDGAR
  15. Apr 3, 2025DEF 14A WTI X DEF 14A 2025 EDGAR
  16. Mar 17, 202510-K WTI 10 10-K 12.31.2024 EDGAR
  17. Mar 14, 2025CORRESP EDGAR
  18. Nov 13, 202410-Q WTI 10 10-Q 09.30.2024 EDGAR
  19. Nov 13, 2024CORRESP EDGAR
  20. Aug 13, 202410-Q WTI X Q2 2024 10-Q EDGAR

The 57 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How WTI Fund X, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWTI Fund X, Inc.1
  • CIK0001850938
  • Employer ID (EIN)85-35398683
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inMaryland3
  • Fiscal year endsDecember 311
  • Business address104 La Mesa Drive, Suite 102, Portola Valley, CA 940281
  • Phone(650) 234-43001
  • Shares outstanding100,000 as of Aug 13, 20268
  • Public float$0 as of Jun 30, 20256
  • AuditorDeloitte & Touche LLP, San Francisco, California PCAOB ID 34; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceMar 11, 20211
  • Filings78 in all: 8-K (17), 10-Q (15), 3 (14), 40-17G (6), DEF 14A (6), 10-K (5), CORRESP (4), ARS (3)1
    All 15 form types

    10-12G (2), 10-12G/A (1), 40-APP (1), N-54A (1), PRE 14A (1), RW (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 7, 2026
    Latest 8-K (8-K) Oct 15, 2026

Risk factors and legal proceedings

The risks WTI Fund X, Inc. names in Item 1A of its 10-K filed Mar 13, 2026: 1 risk under these headings, as written.3

  • INVESTMENT RISKS

Legal proceedings

The Fund may become party to certain lawsuits from time to time in the normal course of business. While the outcome of any legal proceedings cannot now be predicted with certainty, the Fund does not expect any such proceedings will have a material effect upon the Fund's financial condition or results of operation. Management is not aware of any pending legal proceedings involving the Fund. The Fund is not currently a party to any material legal proceedings.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events
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