HighVista Strategies LLC (“HighVista”) is a private investment adviser founded in 2004 to design
and make available investment strategies into which institutions and sophisticated investors can
invest. HighVista is controlled by HighVista Management Partners LP, which is owned by
HighVista Partners André Perold, Raphael Schorr, and other members of the HighVista
management team. HighVista’s management team is responsible for managing firm operations, as
well as formulating, implementing, and supervising HighVista’s investment strategy.
HighVista provides investment advisory services to pooled investment vehicles (individually, a
“
Fund,” collectively, the “
HighVista Funds”
1), separately managed accounts (“
Separate Account
Clients”), and other clients (collectively hereinafter referred to as, “
Clients”). HighVista utilizes a
variety of investment strategies in the management of HighVista Client assets and, from time to
time, launches additional strategies in response to the evolving needs of its business and its Clients.
For HighVista’s Multi-Asset Strategy, HighVista: (i) evaluates a broad range of investments and
asset classes; (ii) performs and utilizes proprietary research on risk and correlation behavior to
optimize portfolio asset mix; and (iii) selects investments and manager partners in asset classes and
strategies where potential benefit from active management is identified. HighVista creates multi-
asset investment portfolios that allocate capital across both traditional investment assets (such as
marketable domestic equity, international equity, and fixed income securities), and alternative
assets (such as venture capital, private equity, and hedge funds), subject to portfolio restrictions.
HighVista also manages Client assets that concentrate their investments in a single asset category
or utilize a single component of HighVista’s Multi-Asset Strategy.
HighVista provides investment advisory services to each of its Clients pursuant to investment
management agreements (each, a “
Management Agreement”) that direct HighVista to provide
investment advice to the Client. In the case of the HighVista Funds, this direction is subject to the
direction and control of any affiliated general partner or directors of the applicable HighVista Fund.
In
the case of a collective investment trust, this direction is subject to the direction and control of
the trustees of the trust. HighVista has sole and exclusive authority over the HighVista Funds’
direct investments into securities and other assets, including investments made through Subsidiary
Funds, as well as the selection of third-party managers or investment vehicles if applicable (each,
a “Third-Party Investment”), and makes decisions relating to the administration of the HighVista
Funds. Except in specific circumstances agreed to by HighVista, investors in HighVista Funds
generally cannot impose restrictions on the types of securities in which the applicable fund invests.
The offer and sale of interests in the HighVista Funds is generally made to qualified purchasers
through a confidential offering memorandum that is prepared for each such Fund and which
provides information about the Fund’s objectives, strategies, risks, structure, costs, withdrawal
terms and other matters of importance to investors. Additional information about HighVista’s
business, history, organization and other matters addressed in this Item 4 can be found in the
offering memorandum and governing documents of HighVista Funds. The information in this
1 Where applicable, the term “HighVista Funds” also includes wholly- or partially-owned holding companies or
partnerships (each, a “Subsidiary Fund”), which are typically used to provide tax, operational, investment access or
other benefits. The term also includes related separate accounts managed to facilitate investments by related pooled
investment vehicles that are “HighVista Funds.”
Brochure does not purport to be a complete description of HighVista 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 and for other 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, 2022, HighVista’s regulatory assets under management was approximately
$4,891,527,661, all of which is managed on a discretionary basis.