Overview
The Adviser is an investment adviser with its principal place of business in New York, New York. The
Adviser commenced operations in April 2015. John Addis is the principal owner of the Adviser. The
Adviser wholly owns a German subsidiary, FourWorld Capital Europe GmbH (“FW Europe”), which
employs the Adviser’s European team.
The Adviser provides advisory services on a discretionary and non-discretionary basis to its Clients (as
defined below), which include pooled investment vehicles intended for sophisticated investors and
institutional investors (the “Funds”). FW Europe provides investment research to the Adviser.
The Adviser provides advice to the Clients based on specific investment objectives and strategies described
in the Account Agreements (as defined below) or each Fund’s governing and offering documents (the “Fund
Documents”). The Adviser does not tailor advisory services to the underlying Limited Partners or
Shareholders (collectively “Investors”) of the Funds, and the Funds may not impose restrictions on
investing in certain
securities and other financial instruments or certain types of securities and other
financial instruments. The Adviser has also engaged in sub-advisory relationships with other investment
advisers to manage portions of the investment advisers’ private funds. These are referred to as the “Sub-
Advised Funds” and are managed in a way consistent with an Account (defined below).
Under certain circumstances the Adviser has agreed to tailor advisory services to the individual needs of
separately managed accounts (each such separately managed account, an “Account” and together with the
Funds and Sub-Advised Funds, are referred to as the “Clients”). Currently, the Adviser tailors its advisory
services provided to Accounts as described in each respective agreement for such Account (each, an
“Account Agreement”).
As of December 31, 2023, the Adviser managed approximately $1,018,795,655 in Regulatory Assets Under
Management (“RAUM”). The Adviser managed $941,632,707 in RAUM on a discretionary basis and
$77,162,948 in RAUM on a non-discretionary basis.