Sandia Investment Management LP (“Sandia,” the “Adviser,” “we,” or “our”) is a Delaware limited
partnership formed in 2020 by its owner, Timothy J. Sichler.
Through our liquidation audit date, Sandia serves as the investment adviser, with discretionary trading
authority, to a private pooled investment vehicle, 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.
Sandia provides management services to qualified investors through its private fund (which is not actively
investing at this time) and separately managed institutional accounts (“SMAs”). At this time, we serve as
the investment manager for the following private fund: Sandia Crest LP, a Delaware Limited Partnership
(the “Fund”) where we expect a full liquidation in April 2024. Sandia also provides discretionary
investment advisory services as a sub-advisor to private investment funds managed by other investment
advisors (the “Sub-Advised Funds”).
The Fund and SMAs and the Sub-Advised Funds and future funds
herein referred to as the “Client”, and
collectively referred to as the “Clients”.
The future fund’s “Limited Partners” hereinafter referred to as the “Investors” where appropriate.
Sandia Funds GP LLC serves as the “General Partner” for the Fund.
Our investment decisions and advice with respect to the SMAs and the Sub-Advised Funds are subject to
each such Client’s investment objectives and guidelines, as set forth in the SMAs’ “Investment
Management Agreements,” and the Sub-Advised Funds’ “Sub-Advisory Agreements” (collectively, the
“Offering Documents”).
Our investment decisions and advice with respect to the Fund and SMAs are subject to the Fund’s
investment objectives and guidelines, as set forth in its respective “Offering Documents” and each
Separately Managed Account’s objectives and guidelines, as set forth in its respective Investment
Management Agreement, Portfolio Manager Agreement, or Investment Sub-Advisory Agreement
(collectively “Investment Management Agreements”).
Sandia does not sponsor or participate in wrap fee programs.
As of December 31, 2023, Sandia had approximately $599,600,000 in discretionary Regulatory Assets
Under Management (“RAUM”) and $35,389,869 in non-discretionary Regulatory Assets Under
Management.