Overview
(A) Description of Our Advisory Firm. Sag Harbor Capital Management, LLC (“SHCM”,
or “us”, “we” or “our”) is a U.S. Securities and Exchange Commission (“SEC”) registered
investment adviser. As stated on the cover page of this Brochure, registration as an
investment adviser does not imply a certain level of skill or training. SHCM has been in
business since January 1, 2007. The principal owners and controlling persons of SHCM
are Gregg Winter and David Heiden (the “Principals”). References herein to “SHCM”
shall be deemed to include SHCM’s affiliates, as applicable, unless the context otherwise
requires.
(B) Types of Advisory Services We Offer. SHCM provides investment management services
to, and has discretionary investment authority over the assets of, W Financial Fund, LP (the
“Hedge Fund”) and Alternative Opportunities Fund, LP (the “PE Fund”; and collectively
with the Hedge Fund, the “Funds”), pursuant to investment management agreements with
the Funds (the “Fund IMAs”). The Funds are private investment vehicles formed to pool
the assets of their investors (the “Investors”) for investment as summarized in Item 8 below
and as described in the private placement memoranda of the Funds (the “PPMs”),
which
SHCM distributes to all prospective investors in the Funds together with the limited
partnership agreement and subscription documents for the relevant fund (collectively with
the PPM, the “Offering Documents”). The Principals of SHCM are also the principal
owners and controlling persons of the general partners of the Funds, and thus control the
business and affairs of the Funds. SHCM’s clients are referred to herein as “Clients”.
Currently, the Funds are the sole Clients of SHCM.
(C) Tailoring of Our Advisory Services. The PPMs for the Funds describe the investment
strategies for the Funds and any restrictions on SHCM investing in certain assets or types
of assets on behalf of the Funds. SHCM does not tailor its advisory services to the
individual needs of specific Investors in the Funds, and specific Investors in the Funds may
not impose restrictions on SHCM investing in certain assets or types of assets on behalf of
the Funds.
(D) Wrap Fee Programs. SHCM does not participate in wrap fee programs.
(E) Amount of Client Assets We Manage. As of December 31, 2023, we managed
$448,376,590. Client assets on a discretionary basis and no Client assets on a non-
discretionary basis.