Darsana Capital Partners LP (“Darsana”) is an investment adviser with its principal place of
business in New York, New York. Darsana is a limited partnership that was formed in January 2014,
under the laws of the State of Delaware. Darsana is owned and controlled by its general partner,
Darsana Capital Partners GP LLC, a Delaware limited liability company. Anand Desai is the Chief
Executive Officer and sole member of Darsana Capital Partners GP LLC.
Darsana provides discretionary investment management services to clients that are privately offered
pooled investment vehicles commonly referred to as “hedge funds” or “private funds.” Darsana
serves as an investment adviser or manager for the following private funds, which are organized in
a master-feeder structure. Darsana Fund LP, a Delaware limited partnership (the “Domestic Fund”)
and Darsana Overseas Fund Ltd., a Cayman Islands exempted company (the “Offshore Fund,” and,
together with the Domestic Fund, the “Feeder Funds”), are expected to invest substantially all of
their investable capital in Darsana Master Fund LP, a Cayman Islands exempted limited partnership
(the “Master Fund”). The Offshore Fund will invest in the Master Fund through Darsana
Intermediate Fund LP, a Cayman Islands exempted limited partnership (the “Intermediate Fund,”
together with the Feeder Funds and the Master
Fund, each a “Fund” and collectively, the “Funds”).
The general partner of the Domestic Fund, the Intermediate Fund, and the Master Fund is Darsana
Capital GP LLC (the “General Partner”). Darsana also serves as investment adviser to two or more
co-investment vehicles (the “Co-Investment Vehicles”). As used in this Brochure, the term “Client”
collectively refers to the Funds and the Co-Investment Vehicles.
The terms of the Clients are set forth in each Client’s respective offering memorandum (as
applicable), limited partnership agreements, subscription documents, and other constituent
documents (the “Offering Documents”). The Clients will generally be offered to investors
(“Investors”) who are (i) both “accredited investors” as defined under the Securities Act of 1933
(the “Securities Act”) and “qualified purchasers” as defined in section 2(a)(51)(A) of the Investment
Company Act of 1940, as amended (the “Investment Company Act”), (ii) “knowledgeable
employees” (as defined in Rule 3c-5 under the Investment Company Act) or (iii) non-United States
persons. Investors must also meet other applicable suitability requirements as outlined in the
Client’s Offering Documents.
As of December 31, 2023, Darsana managed approximately $8.087 billion in regulatory assets
under management. All assets are managed on a discretionary basis.