HighVista Private Capital Management LLC (“HPCM”) is a wholly-owned subsidiary of HighVista Strategies
LLC (“HVS”) and registered with the SEC as an investment adviser since 2006. HVS is a private investment
adviser founded in 2004 to design and make available investment strategies into which institutions and
sophisticated investors can invest and has prepared a separate brochure and Form ADV. HVS provides investment
advisory services across a range of investment strategies and asset classes to pooled investment vehicles
(“Fund(s)”) and separately managed accounts (individually a “Client”, collectively referred to herein as
“Clients”). HVS is controlled by HighVista Management Partners LP, which is owned by André Perold, Raphael
Schorr, and the members of the HVS management team. HVS’s management team is responsible for managing
firm operations, as well as formulating, implementing, and supervising HVS’s investment strategy. In rendering
investment advisory services, HPCM and HVS (collectively, “HighVista”) will share resources, including, but
not limited to, personnel, systems and processes, research information, and the HighVista office located in
Boston, Massachusetts, United States of America.
HPCM provides investment advisory services for private equity and venture capital strategies as well as
customized solutions for Clients seeking specific exposure or risk/return characteristics within their alternative
investment allocations. HPCM typically manages client accounts on a discretionary basis but HPCM will manage
client accounts on a non-discretionary basis, subject to client instruction. HPCM makes investments for Clients
in accordance with mutually agreed upon written investment guidelines and provides continuous supervision of
client portfolios. In the case of Funds, this
direction is subject to the direction and control of any affiliated general
partner or directors of the applicable Fund. Investment services will be tailored for each Client’s specific needs
and objectives, and pursuant to investment management agreements (each, a “Management Agreement”).
Pursuant to the Management Agreement, certain Clients impose restrictions on investing in certain securities or
types of securities. However, except in specific circumstances agreed to by HPCM, investors in commingled
Funds generally cannot impose restrictions on the types of securities in which the applicable Fund invests.
The offer and sale of interests in Funds are generally made to qualified purchasers through a confidential offering
memorandum that is prepared for each Fund and provides information about the Fund’s objectives, strategies,
risks, structure, costs, withdrawal terms and other matters of importance to investors. Additional information
about HPCM’s business, history, organization and other matters addressed in this Item 4 can be found in the
offering memorandum and governing documents of the Funds. The information in this Brochure does not purport
to be a complete description of Funds or each Funds respective investment strategy and is qualified in its entirety
by each HighVista Fund’s offering, governing, and organizational documents (collectively, the “Governing
Documents”). For separate account clients, a Management Agreement is entered into with each Client that
summarizes the advisory services that will be provided by HighVista and addresses Client specific investment
restrictions as well as strategies, risks, costs, and other matters of importance.
As of December 31, 2023, HPCM’s regulatory assets under management were approximately $5,335,032,672,
all of which is managed on a discretionary basis.