Ortelius Capital Partners, LLC, an alternative asset management group specializing in hedge
funds, is majority-owned by H.R.H. Prince Pavlos of Greece and Peter DeSorcy, and has been
providing advisory services since 2002. As of December 31, 2022, Ortelius managed
approximately $151,717,719 on a discretionary basis. Ortelius Capital Partners, LLC is also
affiliated through ownership and control with Ortelius Ventures, LLC, a firm specializing in
private equity asset management and Ortelius Advisors, L.P., a firm specializing in activist
investing. These firms operate under the same compliance policies/procedures and Code of
Ethics, and are referred to throughout this Brochure as “Ortelius.”
Ortelius provides investment supervisory services to multiple private pooled investment
vehicles (each a “Private Fund”, and collectively the “Private Funds”):
1. Hudson Investors, Ltd., which is incorporated under the laws of the British Virgin
Islands, and is managed as a hedge fund of funds, meaning that the pooled
investment vehicle invests primarily in other pooled investment vehicles. Ortelius
may also invest directly, both long and short, in a wide range of securities and
financial instruments (a “direct investment”) when Ortelius believes that the net
exposure of the underlying funds either under- or over-exposes this Private Fund to
the overall financial markets. These transactions may include, without limitation,
equity or debt investments, options, swaps, forwards, futures, credit derivatives,
exchange-traded funds or other
equity or credit derivative instruments.
2. Hermes Ventures, L.P. (a Master Private Fund) and Hermes Ventures (Cayman), L.P.
(a Feeder Fund) – a private equity fund structure that follows an opportunistic
private equity strategy.
3. Pangaea Ventures, L.P. (a Master Private Fund) and Pangaea Ventures (Cayman), L.P.
(a Feeder Fund) – funds that aim to provide investors with attractive risk-adjusted
returns by directly or indirectly investing in companies whose security price can be
improved through corporate or strategic action.
4. Panthalassa Ventures, L.P. (a Master Private Fund) and Panthalassa Ventures
(Cayman), L.P. (a Feeder Fund) – funds that aim to provide investors with attractive
risk-adjusted returns by directly or indirectly investing in companies whose security
price can be improved through corporate or strategic action.
The Private Funds are not required to register as investment companies under the U.S.
Investment Company Act of 1940 in reliance upon an exemption available to pooled
investment vehicles whose securities are not publicly offered. Ortelius manages the Private
Funds on a discretionary basis in accordance with the terms and conditions of each Private
Fund’s offering and organizational documents.
The Private Funds are only suitable for investors with no need for liquidity in their
investment, for whom an investment in the Private Fund does not constitute a complete
investment program, and for those who fully understand the Private Fund’s risks, fees and
conflicts of interest.