Firm History & Management
RK Capital Management, LLC, a Colorado limited liability company, was formed in June 2004 by Robert
Ammann and Kevin Sonnett. Mr. Ammann and Mr. Sonnett each have a 50% ownership interest in RK
Capital. There are no other persons or entities with an ownership interest in RK Capital. The firm
registered with the United States Securities and Exchange Commission (the "SEC") as an investment
adviser in January 2007. RK Capital provides investment advisory services to pooled investment vehicles
such as limited partnerships, offshore exempted companies, and separately managed accounts.
We provide investment advisory services in our role as the general partner of the Tessera Fund, LP, the
Tessera QP Fund, LP (the "Tessera Onshore Funds"), and the Tessera Master Fund, LP, and in our role as
investment manager of the Tessera Offshore Fund, Ltd. (the "Company") (collectively, the "Tessera
Long/Short Funds"). Also, we provide investment advisory services in our role as the general partner of
the Tessera Focus Fund, LP (the "Tessera Long Fund"). Also, we provide investment advisory services to
a separately managed account (the "SMA"). The Tessera Long Fund and the SMA are collectively known
as the "Long Funds." The Tessera Long/Short Funds and the Tessera Long Fund are collectively known
as the "Tessera Funds." The Tessera
Long/Short Funds, the Tessera Long Fund, and the SMA are
collectively referred to as the "Funds" or generally and individually as a "Fund."
Advisory Services
Our investment advice to the Funds is tailored to the Funds' investment objectives and restrictions as
disclosed in the Funds' respective offering documents. We do not provide investment advice tailored to
the particular needs of the investors in the Funds. As of February 29, 2024, we had approximately
$511,700,000 in net assets under management ("AUM"). We exercise discretionary investment authority
over all managed assets held in the Funds. RK Capital, its principals, and certain employees of RK Capital
maintain investments in the Tessera Funds. These investments are included in the AUM number shown
above.
We invest primarily in publicly traded U.S. exchange-listed equities of small-capitalization ("small-cap")
companies, typically less than $5 billion in market capitalization at the time of initial investment, as well
as options and exchange-traded funds ("ETFs"). We may invest in other securities and securities of other
market capitalizations. Still, our primary focus is U.S. exchange-traded small-cap equities. The Tessera
QP Fund, L.P., and the Tessera Offshore Fund, Ltd. execute their investment strategies through direct
investments in the Tessera Master Fund, L.P.