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Adviser Profile

As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 5
of those in investment advisory functions 5
Registration Texas, Terminated, 07/26/2016
Other registrations (1)
AUM* 658,651,000 85.33%
of that, discretionary 658,651,000 85.33%
Private Fund GAV* 255,403,000 6.57%
Avg Account Size 109,775,167 23.55%
SMA’s No
Private Funds 2
Contact Info (21 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
409M 350M 292M 234M 175M 117M 58M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$255,403,000

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Brochure Summary

Overview

Prosight Management, LP, a Delaware limited partnership and private investment management firm (“Prosight Management” or the “Advisor”, “we”, “us” or “our”), was founded in November 2008 with a principal place of business in Dallas, Texas. The general partner of Prosight Management is Prosight Partners, LLC, a Delaware limited liability company. William Lawrence Hawkins is the sole member and owner of the Prosight Partners, LLC. Prosight Management provides discretionary investment advisory, sub-advisory and various other services to (i) Prosight Fund, LP and Prosight Plus Fund, LP, both of which are Delaware limited partnerships and private pooled investment vehicles (collectively, the “Fund Clients”), and (ii) separately managed accounts of unaffiliated pooled investment vehicles (the “Managed Account Clients” and collectively with the Fund Clients, the “Clients”). The investment objectives, strategies, terms, conditions and restrictions applicable to (i) the Fund Clients are described in their respective confidential memoranda and governing documents (referred to collectively as the “Offering Documents”) and (ii) the Managed Account Clients are set forth in their respective investment management or sub-advisory agreements between the Managed Account Clients and the Advisor (the “Advisory Agreements”). Prosight Management generally seeks to achieve capital appreciation with respect to Clients primarily through establishing long and short positions in publicly traded securities primarily of healthcare-related issuers. Information about each Fund Client is set forth in its applicable Offering Documents. See Item 8 below. An investment in a Fund Client does not, in and of itself, create an advisory or other relationship between an investor in such Fund Client and Prosight Management. Investors generally are not permitted to impose restrictions or limitations on the management of the Fund Clients. Prosight Management and the Fund Clients have entered into, and may from time to time in the future enter into, side letter agreements and similar arrangements with certain investors in Fund Clients that have the effect of establishing rights and/or otherwise benefitting such investors in a manner that is more favorable in various material
respects than the rights and benefits established in favor of the investors generally pursuant to the applicable governing documents. Such rights or benefits in a side letter or similar arrangement include, without limitation, (i) capacity rights, (ii) preferential information, reporting, transparency or special notice rights, (iii) most favored nations’ status, (iv) lower or different management fees and/or performance allocations, (v) preferential withdrawal or liquidity rights and (vi) various other preferential or favorable rights, terms and benefits. A Managed Account Client may impose investment guidelines, limitations and other restrictions or terms on the management of its managed account pursuant to the applicable Advisory Agreement. The Managed Account Clients also have certain portfolio liquidity, concentration and exposure (or other) limits, in addition to being prohibited from trading specified instruments, without the prior written consent of the underlying investment manager of such Managed Account Clients. Interests in the Fund Clients are privately offered only to eligible investors pursuant to exemptions under the Securities Act of 1933, as amended, and the regulations promulgated thereunder. Such Fund Clients are not registered with the SEC as investment companies based on specific exclusions from the definition of investment company under the Investment Company Act of 1940, as amended. As of December 31, 2023, Prosight Management had approximately $658,651,000 in regulatory assets under management, all of which were managed on a discretionary basis. For a further description of these and related items, see Item 7 (Types of Clients), Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) and Item 10 (Other Financial Industry Activities and Affiliations). All discussion regarding the Fund Clients in this Brochure, including but not limited to the investments, the strategies used in managing the Fund Clients, the fees, expenses, and risks associated with an investment in the Fund Clients, and conflicts of interest in connection with the management of the Fund Clients are qualified in their entirety by reference to their respective Offering Documents.