Braewick Holdings LP is a family office that invests primarily in publicly-traded companies, with the remainder in privately-held startups. We seek to buy businesses that are misunderstood or where we have a key edge over other investors. Over the long run our goal is to grow capital at high risk-adjusted rates. (We define risk as the chance of permanent portfolio-wide loss.) Braewick is a Delaware 3(c)(1) partnership managed by Max Capital Corporation, a Registered Investment Advisor. Braewick's fee structure is designed to maximize "skin in the game": no management fees, incentives over a compounding high-water mark, reinvestment of all fees, and a majority of the manager's investable net-worth in the fund.