Overview
Second Alpha Partners, LLC (“Second Alpha” or the “Firm”) is an investment adviser with a
principal place of business in New York, NY. Second Alpha commenced operations as an
investment adviser in 2012. Richard Brekka and James Sanger (collectively, the “Managing
Partners”) are the principal owners of Second Alpha. Second Alpha provides investment
advisory services to private investment vehicles (each a “Fund” and collectively the “Funds”).
The Managing Partners have the ultimate responsibility for the management, operations and
the decisions made by Second Alpha.
Second Alpha provides investment management services to its Funds pursuant to investment
guidelines within the relevant limited partnership agreement, and/or other such agreements
(collectively, “Governing Documents”). The Funds rely on an exemption from registration
under the Investment Company Act of 1940, as
amended (the “Investment Company Act”),
pursuant to Section 3(c)(1) and 3(c)(7), as defined in each Fund’s Governing Documents.
In addition, Second Alpha has provided certain investors or other persons, including persons
associated with the Firm, the opportunity to participate in co-invest vehicles, as permitted by
the Funds’ Governing Documents and on terms Second Alpha deems appropriate. The Firm
considers these co-investment vehicles, together with the Funds, “Clients.”
Second Alpha does not tailor its services to the individual Fund investors or provide
investors with the right to specify, restrict, or influence the Funds’ investment objectives
or any investment decisions.
Second Alpha does not participate in wrap fee programs.
As of December 31, 2023, Second Alpha managed $396,518,349 in regulatory assets under
management, all of which are managed on a discretionary basis.