Flight Deck is a Delaware limited partnership founded by Jay Kahn in 2020 as an investment advisory firm with the objective of maximizing
absolute returns through a unique and repeatable top-town and bottoms-up process. Flight Deck is indirectly owned and controlled by
our founder and Managing Partner, Jay Kahn.
Flight Deck serves as the investment manager to one or more private investment funds (“Funds”), and in this role, we have full discretionary
trading authority. We provide portfolio management services to the Funds in accordance with the investment objectives and guidelines
set forth in the confidential offering circular for which interests are offered to investors (the “Offering Documents”). Our affiliate, FDC GP,
LLC serves as the general partner (“General Partner”) of the Funds.
Flight Deck employs a global equity long-short strategy across both public and private opportunities. We typically focus our research in
sectors of the economy undergoing change driven by technological innovation. Geographically, we invest primarily in the United States,
Japan, Korea, China, Southeast Asia, Latin America, and Europe. Flight Deck’s generally broad investment mandate enables us to take
advantage of pattern recognition across geographies in companies we find attractive over time while striving to maintain a disciplined,
sector-specific, repeatable process to fundamental research and analytical portfolio construction. We leverage relationships with
entrepreneurs, VCs, and growth investors globally to identify secular change and perform deep, bottoms-up research to identify winners
and losers around those secular themes.
With respect to public investments, we primarily invest in equity and equity-related securities across both exchange-traded and over-the-
counter
instruments including, but not limited to, swaps, options, and futures. We may also use foreign exchange instruments to manage
our currency exposure when country specific long-short ratios do not net out our currency risk, with the expectation that such currency
positions may not provide a complete hedge to the underlying currency exposure.
We also invest a portion of the Funds’ assets in private securities, which are generally later-stage, minority stakes of restricted securities of
private companies. We believe investment due diligence performed on these private opportunities provide insights that are essential to
managing our public securities. Our private investments are generally segregated by into two categories: Standard Illiquid Securities and
Elective Co-investments. Standard Illiquid Securities will typically be allocated pro-rata among all Fund investors (“Investors”) based on
their Liquid Sub-Capital Account at the time of funding, whereas Flight Deck will separately solicit capital from Investors for each Elective
Co-investment opportunity as appropriate.
Flight Deck maintains the authority to engage in any investment strategy we consider appropriate, subject to the investment objectives
and guidelines outlined in the applicable Offering Documents. Our investment decisions and advice with respect to each Fund will be
subject to each Fund’s investment objectives and guidelines, as set forth in its respective Offering Documents. Our management of the
Funds is not tailored to the individual needs of any Investor.
As of December 31, 2022, Flight Deck manages approximately $285,931,000 in regulatory assets under management, all of which is
managed on a discretionary basis. Flight Deck does not manage assets on a non-discretionary basis at this time.