UNIVERSA INVESTMENTS L.P.

other names
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Adviser Profile
As of Date 07/09/2024
Adviser Type - Large advisory firm
Number of Employees 20
of those in investment advisory functions 5
Registration SEC, Approved, 1/17/2008
AUM* 16,160,165,483 -1.70%
of that, discretionary 16,160,165,483 -1.70%
Private Fund GAV* 22,004,683,793 20.93%
Avg Account Size 436,761,229 8.92%
SMA’s No
Private Funds 37 4
Contact Info 786 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
16B 14B 12B 9B 7B 5B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count37 GAV$22,004,683,793

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Brochure Summary

Overview

Universa is a Delaware limited partnership that has been in business since 2007. It serves as the investment adviser to investment limited partnerships (for which Universa affiliates serve as general partners) and other clients. Universa's President, Chief Investment Officer and principal owner is Mark W. Spitznagel. Universa's general partner is Universa LLC, a Delaware limited liability company of which Mr. Spitznagel is the sole manager and principal owner. As of December 31, 2023, Universa had total discretionary assets under management of approximately $16,160,165,483 (Protection Size). For purposes of the foregoing calculation, Universa computes its assets under management the Protection Size amount for each fund; Protection Size is the amount of equity market risk that a client seeks to protect. For the BSPP strategies (as defined in Item 8), Universa charges its management fees based on the Protection Size or Notional amounts of protection of the accounts using those strategies; for the BSPE strategy (as defined in Item 8) Universa charges its management fee based on the capital account balance. Universa only manages assets on a discretionary basis. Universa provides
investment advice and management to private investment funds and other separately-managed accounts. Items 5, 6 and 7 include information about Universa’s compensation and liquidity terms of the funds that Universa manages or intends to manage. Item 8 includes a brief summary of the investment objectives and strategies of each investment fund. The investment objectives of each strategy and other information material to an investment decision regarding each such fund is disclosed in full in each fund’s confidential offering circular or private offering memorandum, and the information contained herein is qualified by such offering materials. Universa may choose to manage additional funds or cease managing these funds or strategies in the future. The investors in the funds that Universa manages have no opportunity to select or evaluate any fund investments or strategies. Universa selects all fund investments and strategies. Universa typically does not tailor its services to the individual needs of individually managed accounts, but manages each such account according to the strategy selected by the client. Universa’s discretionary authority is limited, however, as described in Item 16.