Tri Locum is an investment adviser organized as a Delaware limited partnership which was
formed in November 2019. Prashanth Jayaram is the managing member of Tri Locum Partners
GP LLC, a Delaware limited liability company (the “General Partner”).
Tri Locum provides discretionary investment management services to qualified investors
through its private, pooled investment vehicles: Tri Locum Healthcare Master Fund LP, a
Cayman Islands exempted limited partnership (the “Master Fund”); Tri Locum Healthcare
Offshore Fund Ltd, a Cayman Islands exempted company (the “Offshore Fund”); and Tri
Locum Healthcare Onshore Fund LP, a Delaware limited partnership (the “Onshore Fund”).
Tri Locum also provides investment sub-advisory, or trading advisory, services to private funds
(“Sub-Advised Funds”). The Master Fund, the Onshore Fund, the Offshore Fund and the Sub-
Advised Funds are herein each referred to as a “Fund” or “Client”, and collectively referred to
as the “Funds” or “Clients”.
The Onshore Fund’s “Limited Partners” and the Offshore Fund’s “Shareholders” are
hereafter collectively referred to as the “Investors” where appropriate. We serve as the
investment adviser with discretionary trading authority to the Funds, the securities of which are
offered through a private placement memorandum to accredited investors, as defined under the
Securities Act of 1933, as amended, and qualified purchasers, as defined under the Investment
Company Act of 1940, as amended. We do not tailor our advisory services to the individual
needs of any particular investor. Our investment decisions and advice with respect to the Funds
are subject to each Fund’s investment objectives and guidelines, as set forth in its respective
“Offering Documents.”
The Master Fund may make certain investments that it deems at the time of such investment to
be illiquid or without
a readily ascertainable market value (each such investment, an “Original
Illiquid Investment”). In addition, the Master Fund may, from time to time, designate an
existing investment that it deems to have become illiquid or without a readily ascertainable
market value (each such investment, together with Original Illiquid Investment, a “Designated
Investment”).
At the time of its initial subscription, each Limited Partner must indicate in its Subscription
Documents whether such Limited Partner will participate in Designated Investments
The Master Fund may make follow-on investments with respect to any Designated Investment
in its sole and absolute discretion; provided, that any such follow-on Designated Investment
will be treated as a new Designated Investment and each Limited Partner who has elected to
participate as of at the time of such designation will participate in the Designated Investment
regardless of whether such Limited Partner held an Interest in the Partnership at the time the
initial investment was made.
The Sub-Advised Funds may be managed in a similar manner to Tri Locum’s Master Fund,
with similar strategies and similar investments made in each sub-advised account. The Sub-
Advised Funds may make certain investments deemed to be illiquid at the time of investment,
unless otherwise noted in each specific Sub-Advised Fund’s “Governing Documents.”
Governing Documents may include Sub-Advisory Agreements, Private Placement
Memorandums, Trading Advisory Agreements, and Investment Management Agreements,
among other documents relating to each of the Sub-Advised Funds.
Tri Locum does not currently participate in any Wrap Fee Programs.
As of December 31, 2022, Tri Locum has $416,573,921 in regulatory assets under management.
Tri Locum manages all of its regulatory assets under management on a discretionary basis.