FLIGHT DECK CAPITAL, LP

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm


Number of Employees:

6

of those in investment advisory functions:

4


Registration:

SEC, Approved, 4/16/2021

Other registrations (2)
Former registrations

FLIGHT DECK CAPITAL, LP

AUM:

227,555,000 -31.43%

of that, discretionary:

227,555,000 -31.43%

GAV:

227,555,300 -31.43%

Avg Account Size:

227,555,000 -31.43%


SMA’s:

NO

Private Funds:

1

Contact Info

415 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
426M 365M 304M 244M 183M 122M 61M
2021 2022 2023


Private Funds Structure

Fund Type Count GAV
Hedge Fund 1 $227,555,300

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Private Funds



Employees




Brochure Summary

Overview

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.