Overview
A. General Description of Advisory Firm
Birnam Oak Advisers, LP, (“Birnam Oak,” the “Investment Manager,” “we,” the “Firm”), a Delaware limited
partnership, was founded in September 2023 and Birnam Oak Advisors GP, LLC, (the “GP”) a Delaware
limited liability company controlled by Christopher L. DeLong, serves as the general partner of Birnam Oak.
Mr. DeLong, Founder, Chief Executive Officer, and Portfolio Manager is the principal owner of the Firm. He
manages the Firm with Ms. Erin Ross, General Counsel, Chief Operating Officer, and Chief Compliance
Officer.
B. Description of Advisory Services
Birnam Oak expects to commence managing discretionary client assets, including through U.S. and non-
U.S. investment funds (each a “Fund” and collectively, the “Funds” or the “Birnam Oak Funds”) offered on
a private placement basis to sophisticated investors and institutional investors on January 1, 2024.
The Birnam Oak Funds are structured in a master feeder arrangement, whereby a Delaware limited
partnership, Birnam Oak Fund, LP (the “Domestic Feeder”), and a Cayman Islands limited partnership,
Birnam Oak Offshore Fund, LP (the “Offshore Feeder”), feed into a Cayman Islands limited partnership,
Birnam Oak Master Fund, LP (the “Master Fund”).
Birnam Oak will adhere to the investment strategy set forth in the offering memorandum and governing
documents for the Funds, which generally seek to achieve a combination of equity risk
premium and excess
returns by investing the Funds’ assets in a highly concentrated event driven portable alpha strategy. Event
driven positions will generally be concentrated in merger arbitrage, capital structure arbitrage, legal/regulatory
risks, volatility expressions, and highly liquid capture of duration and credit spread.
C. Availability of Customized Services
Birnam Oak’s advice with respect to the Birnam Oak Funds is subject to the terms of their respective
governing and offering documents, which may impose restrictions on investing in certain securities or types
of securities. Investment advisory services are provided directly to the Birnam Oak Funds and not individually
to their underlying investors.
People reviewing this brochure should not construe this as an offering of any of the Birnam Oak Funds. Such
offers are only made pursuant to the delivery of a private placement memorandum describing the risk factors,
conflicts of interest, investment objectives and other important features of the applicable Birnam Oak Fund.
D. Wrap Fee Programs
Birnam Oak does not participate in wrap fee programs.
E. Client Assets
As of the time of the filing of this Brochure in November 2023, Birnam Oak does not manage any client assets
on a discretionary basis or nondiscretionary basis. As noted above, Birnam Oak expects to commence
managing client assets on a discretionary basis on or about January 1, 2024.