Overview
Soviero Asset Management, LP (“Adviser,” “we” or “us”) is a Delaware limited
partnership that commenced business operations in June 2018. The Adviser is principally
owned and controlled, directly or indirectly, by Thomas Soviero.
We generally invest on behalf of our clients (as defined below) in long and short equity
and credit investments in U.S. companies that we believe have leveraged capital structures
(companies with debt or companies with debt-like obligations rated below investment
grade), turnaround stories or potentially disruptive emerging technologies.
We currently manage the following private investment funds (each, a “Fund” and,
collectively, the “Funds”):
•
Soviero Partners, LP;
•
Soviero Offshore Fund, Ltd.; and
•
Soviero Master Fund, LP.
Soviero Advisors, LLC (the “General Partner”) is the general partner of Soviero Partners,
LP and Soviero Master Fund, LP. Like the Adviser, the General Partner is principally
owned and controlled, directly or indirectly, by Thomas Soviero. Unless and only to the
extent that the context
otherwise requires, references to the Adviser, we or us herein are
deemed to include references to the General Partner as well.
We provide discretionary investment advice to the Funds. In the future, we may provide
discretionary and/or non-discretionary investment advice to other private investment funds
and/or separately managed accounts (collectively with the Funds, “clients”).
The Funds are managed in accordance with their own investment and trading objectives,
as described in their respective offering documents and/or governing agreements. We
generally do not permit investors in the Funds that we manage to impose limitations on the
investment activities described in the Funds’ offering documents.
Under certain circumstances, we may contract with a client to adhere to limited risk and/or
operating guidelines imposed by the client. We negotiate such arrangements on a case-by-
case basis.
As of December 31, 2023, we managed approximately $242,181,690 in regulatory assets
under management on a discretionary basis. Currently, we do not manage any assets on a
non-discretionary basis.