Prosight Management, LP, a Delaware limited partnership and private investment management firm
(“Prosight Management” or the “Advisor”, “we”, “us” or “our”), was founded in November 2008 with
a principal place of business in Dallas, Texas. The general partner of Prosight Management is Prosight
Partners, LLC, a Delaware limited liability company. William Lawrence Hawkins is the sole member and
owner of the Prosight Partners, LLC.
Prosight Management provides discretionary investment advisory, sub-advisory and various other services
to (i) Prosight Fund, LP and Prosight Plus Fund, LP, both of which are Delaware limited partnerships and
private pooled investment vehicles (collectively, the “Fund Clients”), and (ii) separately managed accounts
of unaffiliated pooled investment vehicles (the “Managed Account Clients” and collectively with the Fund
Clients, the “Clients”).
The investment objectives, strategies, terms, conditions and restrictions applicable to (i) the Fund Clients
are described in their respective confidential memoranda and governing documents (referred to collectively
as the “Offering Documents”) and (ii) the Managed Account Clients are set forth in their respective
investment management or sub-advisory agreements between the Managed Account Clients and the
Advisor (the “Advisory Agreements”). Prosight Management generally seeks to achieve capital
appreciation with respect to Clients primarily through establishing long and short positions in publicly
traded securities primarily of healthcare-related issuers. Information about each Fund Client is set forth in
its applicable Offering Documents. See Item 8 below.
An investment in a Fund Client does not, in and of itself, create an advisory or other relationship between
an investor in such Fund Client and Prosight Management. Investors generally are not permitted to impose
restrictions or limitations on the management of the Fund Clients. Prosight Management and the Fund
Clients have entered into, and may from time to time in the future enter into, side letter agreements and
similar arrangements with certain investors in Fund Clients that have the effect of establishing rights and/or
otherwise benefitting such investors in a manner that is more favorable in various material
respects than the
rights and benefits established in favor of the investors generally pursuant to the applicable governing
documents. Such rights or benefits in a side letter or similar arrangement include, without limitation, (i)
capacity rights, (ii) preferential information, reporting, transparency or special notice rights, (iii) most
favored nations’ status, (iv) lower or different management fees and/or performance allocations, (v)
preferential withdrawal or liquidity rights and (vi) various other preferential or favorable rights, terms and
benefits.
A Managed Account Client may impose investment guidelines, limitations and other restrictions or terms
on the management of its managed account pursuant to the applicable Advisory Agreement. The Managed
Account Clients also have certain portfolio liquidity, concentration and exposure (or other) limits, in
addition to being prohibited from trading specified instruments, without the prior written consent of the
underlying investment manager of such Managed Account Clients.
Interests in the Fund Clients are privately offered only to eligible investors pursuant to exemptions under
the Securities Act of 1933, as amended, and the regulations promulgated thereunder. Such Fund Clients are
not registered with the SEC as investment companies based on specific exclusions from the definition of
investment company under the Investment Company Act of 1940, as amended.
As of December 31, 2023, Prosight Management had approximately $658,651,000 in regulatory
assets under management, all of which were managed on a discretionary basis.
For a further description of these and related items, see Item 7 (Types of Clients), Item 8 (Methods of
Analysis, Investment Strategies and Risk of Loss) and Item 10 (Other Financial Industry Activities and
Affiliations).
All discussion regarding the Fund Clients in this Brochure, including but not limited to the
investments, the strategies used in managing the Fund Clients, the fees, expenses, and risks associated
with an investment in the Fund Clients, and conflicts of interest in connection with the management
of the Fund Clients are qualified in their entirety by reference to their respective Offering
Documents.