OnyxPoint Global Management LP, a Delaware limited partnership (“OnyxPoint Global
Management”), is an alternative investment manager with a primary focus on investing in
businesses that serve the commodities sector. OnyxPoint Global Management commenced
operations in April 2017 and along with its affiliate, OnyxPoint Tactical Management LP
(“OnyxPoint Tactical Management”, together with OnyxPoint Global Management, the
“Firm”), are registered investment advisers that provide investment advisory services to certain
hedge funds (“Hedge Funds”) and private equity funds (“Private Equity Funds”) that are
privately offered limited partnerships and similar investment vehicles (together with any future
private investment vehicle to which OnyxPoint Global Management and/or its affiliates provide
investment advisory services and any parallel vehicles, the “Funds”, and each, a “Fund”). The
Firm also provides discretionary or nondiscretionary advice to one or more separately managed
accounts (“Managed Accounts” and together with the Funds, the “Investment Vehicles”)
through an investment management agreement or similar arrangement (each, an “Investment
Management Agreement”). OnyxPoint (as defined below) invests and manages funds on behalf
of investors that include pension, endowment, foundations, and other qualified institutional and
individual investors in the United States and elsewhere.
Certain of OnyxPoint Global Management’s affiliates serve as general partners to the
Funds (together with any future affiliated general partner entities, the “General Partners” and
each, a “General Partner” and together with OnyxPoint Global Management, OnyxPoint Tactical
Management, and their affiliated entities, “OnyxPoint”). Each General Partner is, or will be,
subject to the Advisers Act pursuant to OnyxPoint Global Management’s registration in
accordance with SEC guidance. This Brochure also describes the business practices of the General
Partners, which operate as a single advisory business together with OnyxPoint Global Management
and OnyxPoint Tactical Management.
The Hedge Funds and Managed Accounts follow substantially the same strategy and
generally make long or short investments in a variety of public or private market instruments
including, but not limited to, equity securities, equity-linked securities, derivatives, fixed income
securities, bank loans, distressed or high yielding debt, bankruptcy claims, litigation claims,
convertible bonds and other generally liquid tradable claims, securities, and assets. The Hedge
Fund and Managed Accounts may take passive positions or, from time to time, controlling
positions (individually or in the aggregate) in the securities or other instruments of commodity-
related businesses.
The Private Equity Funds invest in a variety of private or public market instruments
(including short sales), which may include but are not limited to, physical assets, control or non-
control equity securities (including derivative instruments), distressed or high yielding debt,
bankruptcy claims, litigation claims and equity-linked securities (such as warrants or derivative
instruments), generally referred to herein as “portfolio companies,” engaged primarily in
commodity-related businesses.
OnyxPoint’s investment advisory services to the Investment Vehicles consist of identifying
and evaluating investment opportunities, negotiating the terms of investments, executing,
managing and monitoring investments and effectuating dispositions for such investments. The
permitted investments of the Funds are set forth in the applicable Fund’s limited partnership
agreement, other operating agreement of a Fund, or other governing
document (each, a
“Partnership Agreement”). From time to time, where private market investments of Investment
Vehicles consist of portfolio companies, the senior principals or other affiliated personnel of
OnyxPoint or its affiliates may serve on such portfolio companies’ respective boards of directors
or otherwise act to influence control over management of portfolio companies in which the
Investment Vehicles have invested.
OnyxPoint’s advisory services for the Investment Vehicles are further detailed in the
applicable offering documents, management agreements, Partnership Agreements, Investment
Management Agreements, subscription agreements, and/or any other governing or constituent
documents (collectively, the “Governing Documents”) and are further described below under
“Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds participate
in the overall investment program for the applicable Fund, but in certain circumstances can be
excused from a particular investment due to legal, regulatory or other agreed-upon circumstances
pursuant to the relevant Governing Documents; such arrangements generally do not and will not
create an adviser-client relationship between OnyxPoint and any investor. The Funds and the
General Partners have entered into side letters or other similar agreements (“Side Letters”) with
certain investors that have the effect of establishing rights under, or altering or supplementing the
terms (including economic or other terms) of, the relevant Governing Documents with respect to
such investors.
Additionally, from time to time and as permitted by the relevant Governing Documents,
OnyxPoint expects to provide (or to agree to provide) co-investment opportunities (including the
opportunity to participate in co-invest vehicles) to certain investors or other persons, including
other sponsors, market participants, finders, consultants and other service providers, OnyxPoint’s
personnel and/or certain other persons associated with OnyxPoint and/or its affiliates (e.g., a
vehicle formed by OnyxPoint’s principals to co-invest alongside a particular Fund’s transactions).
Such co-investments typically involve investment and disposal of interests in the applicable
portfolio company at the same time and on similar terms as the Fund making the investment.
However, from time to time, for strategic and other reasons, a co-investor or co-invest vehicle
(including a co-investing Fund) may purchase a portion of an investment from one or more Funds
after such Funds have consummated their investment in the portfolio company (also known as a
post-closing sell-down or transfer), which generally will be funded through Fund investor capital
contributions and/or use of a Fund credit facility. Any such purchase from a Fund by a co-investor
or co-invest vehicle generally occurs shortly after the Fund’s completion of the investment to avoid
any changes in valuation of the investment. Where appropriate, and in OnyxPoint’s sole discretion,
OnyxPoint reserves the right to charge interest or fees on the purchase to the co-investor or co-
invest vehicle (or otherwise equitably to adjust the purchase price under certain conditions), and
to seek reimbursement to the relevant Fund for related costs and expenses. However, to the extent
such amounts are not so charged or reimbursed, they generally will be borne by the relevant Fund.
As of December 31, 2023, OnyxPoint had discretionary assets under management of
approximately $439.7 million through the Investment Vehicles. OnyxPoint Global Management’s
principal owner is Shaia Hosseinzadeh. OnyxPoint and the General Partners are principally owned
by Shaia Hosseinzadeh.