Overview
The Adviser is an investment adviser with its principal place of business in Rye, New York. The Adviser
commenced operations in February 2020. Sina Toussi is the principal owner of the Adviser.
Discretionary Advisory Services
The Adviser provides advisory services on a discretionary basis to certain pooled investment vehicles
intended for sophisticated investors and institutional investors (each a “Fund” and collectively, the
“Funds”). The Adviser tailors and provides advisory services to the Funds based on the individual needs
of each respective Fund as well as the specific investment objectives, investment strategies and any
imposed investment guidelines or restrictions of such Fund as described in its investment advisory
agreement(s) and/or each Fund’s governing and offering documents (the “Fund Documents”). Certain
affiliates or related persons of the Adviser also serve as the managing member or equivalent of the Funds.
Fund investors generally cannot impose restrictions on investing in certain securities or types of securities.
Investors in a Fund participate in the overall investment program for the Fund and generally cannot be
excused from a particular investment except pursuant to the terms of the applicable Fund Documents. In
addition, one or more of the Funds for which the Adviser or its related person serves as the managing
member or investment manager has entered into agreements, or “side letters,” with certain investors in
the
Funds whereby such investors may be subject to terms and conditions that are more advantageous
than those set forth in the governing documents for the Fund. For example, such terms and conditions
may provide for enhanced governance rights; investment and capacity rights; reduced fees and
performance compensation (which may be effected through rebate, offset or other mechanisms); special
redemption rights; a waiver of other terms; rights to information not provided to other investors
(including, without limitation, more detailed information regarding portfolio positions) and such other
rights as negotiated by the Fund and such investor. The modifications are solely at the discretion of any
such Fund and may, among other things, be based on the size of the investor's investment in the Fund or
affiliated investment entity.
Non-Discretionary Advisory Services
In addition, the Adviser provides advisory services on a non-discretionary basis to another third-party
investment adviser (the “Account”). The Adviser currently does not provide continuous and regular
supervisory or management services to such non-discretionary Account.
Hereinafter, the Account, together with the Funds, are referred to as “Clients”.
Regulatory Assets Under Management
As of December 31, 2023, adjusting for contributions on January 1, 2024, the Adviser had approximately
$762,392,176 in regulatory assets under management, which it managed on a discretionary basis.