A. General Description of Advisory Firm
SoMa Equity Partners, LP (“SoMa”) is a Delaware limited liability company that has been in
business since 2016. It serves as an investment adviser to private funds (the “Funds” or “Advisory
Clients”). Gil Simon is the principal of SoMa (the “Principal”).
Currently, the Funds are organized in mini-master feeder structures, with offshore feeder funds
and onshore master funds. Each of the offshore feeder funds are invested as limited partners in
their respective onshore master funds. The feeder funds invest substantially all of their assets in
the master funds. Investors in the Fund(s) (“Investors”) may hold interest in either the master funds
or the feeder funds. Affiliates of SoMa serve as the general partners of the Funds (“General
Partner”). Unless and only to the extent that the context otherwise requires, references to SoMa
include the General Partner.
B. Description of Advisory Services
SoMa provides discretionary investment advice to the Funds reported on its Form ADV 1A,
Section 7.B.(1).
The Funds have been established to invest primarily in the publicly traded equity securities of
technology, media and telecommunications related companies. SoMa is authorized to invest the
Funds’ assets in other sectors and enter into a variety of investment transactions that it deems
appropriate under
the terms of each Fund’s partnership or other account agreement, including
swaps, options, other derivatives, rights, warrants, private securities, non-U.S. securities, bonds,
notes, bills, participating and convertible debt instruments, units, and ETFs. The Funds engage in
short selling and hedging and may engage in margin trading and other investment strategies.
Each Fund’s investment objectives and strategy are set forth in a confidential offering circular.
Such documents, together with the limited partnership agreements, operating agreements, and
other governing documents of the Funds, are collectively referred to herein as the “Governing
Documents.” Certain terms in the Governing Documents vary based on the share class that an
investor participates in.
C. Client Investment Objectives and Restrictions
SoMa does not tailor its advisory services to the individual needs of Investors in the Funds and
does not accept Investor-imposed investment restrictions, except in limited circumstances. SoMa
selects all Fund investments and strategies.
D. Wrap Fee Programs.
SoMa does not participate in wrap fee programs.
E. Regulatory Assets Under Management.
As of December 31, 2023, SoMa had total discretionary regulatory assets under management of
approximately $2,405,314,780 SoMa does not manage assets on a non-discretionary basis.