Deep Track Capital, LP (“Deep Track” or the “Firm”) is a Delaware limited partnership that was
formed on September 29, 2020. Both the Firm and the Firm’s general partner, Deep Track Capital
GP, LLC, are controlled by David Kroin, Deep Track’s Founder and Chief Investment Officer.
Deep Track provides discretionary investment management services to privately offered, pooled
investment vehicles or “private funds”. Deep Track serves as the investment manager to Deep Track
Biotechnology Master Fund, Ltd. (the “Master Fund”), Deep Track Biotechnology Fund, LP (the
“Onshore Feeder Fund”), and Deep Track Biotechnology Offshore Fund, Ltd. (the “Offshore Feeder
Fund”). The Onshore Feeder Fund and the Offshore Feeder Fund, collectively (the “Feeder Funds”).
The Master Fund and the Feeder Funds may be referred to herein as the “Fund” or the “Funds”.
Deep Track Biotechnology Fund GP, LLC (the “General Partner”), an affiliate of Deep Track, is
the general partner of the Onshore Feeder Fund and the performance allocation shareholder within
the Master Fund.
Deep Track seeks to primarily utilize fundamentally driven due diligence strategies to capitalize
on the dispersion in outcomes amongst biotechnology development companies by investing
primarily in publicly traded, and, to a lesser extent, in privately held, biotechnology, specialty
pharmaceuticals, medical device, diagnostics and life sciences tools and services companies.
Deep
Track may invest in equities, bonds, options, warrants, PIPE’s, swaps, contingent value rights,
royalties, currency forwards and other instruments, and may also make non-equity investments.
Deep Track expects to invest through open market transactions in equities on both the long and
the short side while also participating in certain primary share offerings directly with companies.
Investments (such as private companies, PIPEs or certain investments in public securities) that
Deep Track determines either lack a readily assessable and/or observable fair value or should be
held until the resolution of a special event or circumstance, will be made through special
investment accounts (“SIA’s”) and will be allocated only to investors that have elected to receive
such allocations.
The terms upon which Deep Track serves as investment manager to the Funds, or any other client
that may be established in the future, are established at the time each Fund or other client
relationship is established and are generally set out in the governing documents entered into by the
Funds and disclosed in the offering or disclosure documents for the relevant Fund or other clients.
Deep Track does not participate as a manager in any wrap fee programs.
As of December 31, 2023, Deep Track had approximately $5,116,080,002 of regulatory assets under
management, all of which is managed on a fully discretionary basis.