The Adviser, a Delaware limited partnership, is an investment adviser with its principal place of business in
New York, New York. The Adviser commenced operations as an investment adviser in 2009. Josh Resnick
is the principal owner of the Adviser.
The Adviser provides discretionary investment advisory services to pooled investment vehicles (each a
“Fund” or a “Client” and, collectively, the “Funds” or the “Clients”), including hedge funds (the “Hedge
Funds”) and a private equity fund (the “Private Equity Fund”).
The Hedge Funds are organized as master-feeder structures which permit investors to invest in one or
more feeder funds. The feeder funds generally invest substantially all of their assets in a master fund, which
invests in securities and other instruments selected by the Adviser.
Interests in the Funds are offered in the U.S. on a private placement basis to persons who generally are
“accredited investors” as defined under Regulation D under the Securities Act of 1933 (the “Securities Act”)
and “qualified purchasers” as defined under the Investment Company Act of 1940 (the “Company Act”),
and who are subject to certain other conditions, which are set forth in the offering documents for the U.S.
Funds. Shares in the Funds are generally offered outside of the U.S. to persons who (i) are not “U.S.
Persons”, as defined under Regulation S of the Securities Act, or who are tax-exempt U.S. Persons (or
entities substantially composed of tax-exempt U.S. Persons), on a private placement basis, and (ii) who
are subject to certain other conditions, which are fully set forth in the offering documents for these Funds.
The Adviser provides advice to the Funds based on specific investment objectives and strategies described
in the offering memorandum for each Fund (collectively, and along with the organizational and operating
documents for each Fund, the “Governing Documents”) and in Item 8 hereof. The Adviser does not tailor
advisory services to the individual needs of investors
in the Funds, and investors in the Funds may not
impose restrictions on investing in certain securities or certain types of securities. Interests in the Funds
are offered only to investors who meet certain eligibility conditions, which are fully set forth in the Governing
Documents of each Fund.
The Adviser will enter into agreements (often referred to as “side letters”) with certain investors in the Funds
that grant terms which differ from those outlined in the Governing Documents. These terms may include
but are not limited to (i) satisfaction of regulatory requirements of a particular investor, and (ii) acquisitions
of interests in the Funds by members, principals, employees of affiliates of the Adviser and relatives of such
persons or certain large or strategic investors. The Funds will also provide certain investors with
supplemental information and reports that may not be made available to all investors.
The Adviser does not participate in any Wrap Fee Programs.
The Adviser managed approximately $3,971,513,000.00 of regulatory assets under management on behalf
of Clients as of December 31, 2023, all on a discretionary basis.
This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The
securities of the Funds are offered and sold on a private placement basis under exemptions promulgated
under the Securities Act of 1933 and other applicable state, federal or non-U.S. laws. Significant suitability
requirements apply to prospective investors in the Funds, including requirements that they be “accredited
investors” as defined in Regulation D, “qualified purchasers” as defined in the Investment Company Act, or
non-”U.S. Persons” as defined in Regulation S. Persons reviewing this Brochure should not construe this
as an offer to sell or a solicitation of an offer to buy the securities of any of the Funds described herein. Any
such offer or solicitation will be made only by means of a confidential private placement memorandum.