TWO SEAS CAPITAL LP

other names
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Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 10 11.11%
of those in investment advisory functions 5
Registration SEC, Approved, 12/18/2020
Other registrations (1)
Former registrations

KAIROS CAPITAL MANAGEMENT LP

AUM* 762,392,176 25.87%
of that, discretionary 762,392,176 25.87%
Private Fund GAV* 758,607,504 -4.77%
Avg Account Size 76,239,218 25.87%
SMA’s No
Private Funds 10
Contact Info 917 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
606M 519M 433M 346M 260M 173M 87M
2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count10 GAV$758,607,504

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck TickerG4766E116 Stock NameINDIVIOR PLC $ Position$127,042,763 % Position21.00% $ Change-38.00% # Change3.00%
Stck TickerG76279101 Stock NameROIVANT SCIENCES LTD $ Position$112,225,265 % Position18.00% $ Change3.00% # Change-6.00%
Stck Ticker87422Q109 Stock NameTALEN ENERGY CORP $ Position$80,050,258 % Position13.00% $ Change55.00% # Change-4.00%
Stck Ticker21874A106 Stock NameCORE SCIENTIFIC INC NEW $ Position$67,670,681 % Position11.00% $ Change17.00% # Change-9.00%
Stck Ticker03879J100 Stock NameARBUTUS BIOPHARMA CORP $ Position$32,291,444 % Position5.00% $ Change22.00% # Change-2.00%
Stck TickerG29687103 Stock NameAVADEL PHARMACEUTICALS PLC $ Position$29,558,325 % Position5.00% $ Change-1.00% # Change7.00%
Stck Ticker92840M102 Stock NameVISTRA CORP $ Position$29,951,028 % Position5.00% $ Change11.00% # Change-20.00%
Stck Ticker45258J102 Stock NameIMMUNOVANT INC $ Position$19,290,265 % Position3.00% $ Change6.00% # Change-2.00%
Stck Ticker30303M102 Stock NameMETA PLATFORMS INC $ Position$20,583,798 % Position3.00% $ Change32.00% # Change16.00%
Stck Ticker30161Q104 Stock NameEXELIXIS INC (CALL) $ Position$18,165,000 % Position3.00% $ Change1247.00% # Change1067.00%

Brochure Summary

Overview

The Adviser is an investment adviser with its principal place of business in Rye, New York. The Adviser commenced operations in February 2020. Sina Toussi is the principal owner of the Adviser. Discretionary Advisory Services The Adviser provides advisory services on a discretionary basis to certain pooled investment vehicles intended for sophisticated investors and institutional investors (each a “Fund” and collectively, the “Funds”). The Adviser tailors and provides advisory services to the Funds based on the individual needs of each respective Fund as well as the specific investment objectives, investment strategies and any imposed investment guidelines or restrictions of such Fund as described in its investment advisory agreement(s) and/or each Fund’s governing and offering documents (the “Fund Documents”). Certain affiliates or related persons of the Adviser also serve as the managing member or equivalent of the Funds. Fund investors generally cannot impose restrictions on investing in certain securities or types of securities. Investors in a Fund participate in the overall investment program for the Fund and generally cannot be excused from a particular investment except pursuant to the terms of the applicable Fund Documents. In addition, one or more of the Funds for which the Adviser or its related person serves as the managing member or investment manager has entered into agreements, or “side letters,” with certain investors in the
Funds whereby such investors may be subject to terms and conditions that are more advantageous than those set forth in the governing documents for the Fund. For example, such terms and conditions may provide for enhanced governance rights; investment and capacity rights; reduced fees and performance compensation (which may be effected through rebate, offset or other mechanisms); special redemption rights; a waiver of other terms; rights to information not provided to other investors (including, without limitation, more detailed information regarding portfolio positions) and such other rights as negotiated by the Fund and such investor. The modifications are solely at the discretion of any such Fund and may, among other things, be based on the size of the investor's investment in the Fund or affiliated investment entity. Non-Discretionary Advisory Services In addition, the Adviser provides advisory services on a non-discretionary basis to another third-party investment adviser (the “Account”). The Adviser currently does not provide continuous and regular supervisory or management services to such non-discretionary Account. Hereinafter, the Account, together with the Funds, are referred to as “Clients”. Regulatory Assets Under Management As of December 31, 2023, adjusting for contributions on January 1, 2024, the Adviser had approximately $762,392,176 in regulatory assets under management, which it managed on a discretionary basis.