Old Farm Partners, LP (“Old Farm,” the “Investment Manager”, the “Firm,” or “we,” or “our”), a
Delaware limited partnership, commenced operations in April 2016. Old Farm offers investment advisory
services to Old Farm Partners Master Fund LP, a Delaware limited partnership (the “Master Fund”) and
Old Farm Partners Offshore Fund, Ltd., an exempted Cayman Islands company (the “Offshore Fund”).
The Master Fund and the Offshore Fund are each referred to as a “Fund” or together as the “Funds”.
The Funds are structured as a mini master-feeder whereby the Offshore Fund invests substantially all of
its assets into the Master Fund.
Old Farm Partners GP LLC, a Delaware limited liability company (the “General Partner”), is the sole
general partner of the Master Fund and is responsible for its overall management. Kieran Cavanna, Kurt
Spero, and Nishi Shah are principals (the “Principals”) of the General Partner. The Principals are also
owners of and control the Investment Manager via Old Farm Partners Management GP LLC.
The Funds operate as a fund-of-funds. The Funds operate as pooled investment vehicles. The Fund’s
investment objective with respect to the Primary Series of Interests (as defined below) is to provide risk
adjusted capital appreciation by allocating Fund assets among multiple investment managers unaffiliated
with Old Farm Partners (the “Portfolio Managers”) employing a variety of proprietary investment
strategies. The Fund will seek to access Portfolio Managers through investments in private investment
partnerships, separately managed accounts and other collective investment vehicles managed by the
Portfolio Managers (the “Portfolio Funds”).
Old Farm expects that the Fund and Client Accounts (defined below) will invest in Portfolio Funds that
primarily pursue the following investment strategies: equity, macro, event driven and credit. This list of
strategies may change from time to time as determined in Old Farm’s sole discretion.
Old Farm will also seek to make co-investments for the Fund and Client Accounts sourced from the
Portfolio Managers and from other unaffiliated investment managers. Co-investments may include single
stock-equity (long and short), thematic trades, credit and global macro-related trades.
The Partnership
is currently offering limited partnership interests (“Interests”) in different series (each,
a “Series”), including Founders Series Limited Partnership Interests (“Founders Interests”); Series A
Limited Partnership Interests (“Series A Interests”); and Series B Limited Partnership Interests (“Series
B Interests”) and, together with the Founders Interests and Series A Interests, the (“Primary Series
of Interests”). Series A Interests are offered only through an unaffiliated placement agent to its eligible
clients. The General Partner may determine at any time and in its discretion to no longer offer a particular
Series of Interests. In addition, the Partnership has established a separate Series of Interests which has
multiple sub-series that are not segregated for liability purposes (each, a “Sub-Series” and sometimes
also referred to as a “Co-Invest Sub-Series”) for certain investors that may only invest in co-
investments (the “Co-Invest Series”). It is anticipated that co-investments made with respect to one
Sub-Series of the Co-Invest Series will be different from the co-investments made with respect to other
Series of Interests.
Old Farm has developed an allocation policy containing policies and procedures with respect to allocating
trades across the Funds and Client Accounts under which Old Farm will seek to allocate trades in a fair
and equitable manner. The Funds are managed in accordance with the investment objectives described in
their respective offering documents and are not tailored to any particular Investor. Information about
each Fund can be found in their offering documents, including the Confidential Private Offering
Memorandum or Confidential Explanatory Memorandum, as applicable (each, a “Memorandum”).
Old Farm also provides non-discretionary investment advice on a sub-advisory basis or a consulting basis
to certain private funds and/or other parties (each a “Client Account” and collectively the “Clients
Accounts”). Collectively the Funds and the Clients Accounts herein are referred to as the “Clients”.
As of January 31, 2024, Old Farm had $629,466,660 total regulatory assets under management,
$596,466,660 of which is managed on a discretionary basis and $33,000,000 which is managed on a non-
discretionary basis.