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Adviser Profile

As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 9
of those in investment advisory functions 6
Registration SEC, Approved, 2/8/2022
AUM* 1,609,639,039 62.11%
of that, discretionary 1,609,639,039 62.11%
Private Fund GAV* 1,344,783,618 -40.29%
Avg Account Size 321,927,808 62.11%
SMA’s No
Private Funds 1
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 1B 1B 908M 681M 454M 227M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$1,344,783,618

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Brochure Summary

Overview

ADVISORY BUSINESS A. General Description of Advisory Firm. Styrax Capital LP (“Styrax”, the “Investment Manager”, “we”, “us”, and similar terms) is a limited partnership organized under the laws of Delaware on December 30, 2021. We have one office, which is located at 767 Fifth Avenue, 46th Floor, New York, NY 10153. Soly Vahabzadeh is the President and principal owner of Styrax. He also wholly owns and controls Styrax Capital GP LLC, which serves as the Investment Manager’s general partner (the “Investment Adviser General Partner”). B. Description of Advisory Services. 1. Advisory Services As used in this Brochure, the term “Client” generally refers to each of funds managed by Styrax. Styrax provides investment advisory services on a discretionary basis to its Clients, which include private investment funds organized or incorporated as non-U.S. private investment funds (each a non-U.S. corporation or limited partnership) and U.S. private investment funds (a U.S. limited partnership) (collectively, these “Funds” or “Fund” are Styrax’s “Clients”), generally offered to investors on a private placement basis to individuals and entities that are “accredited investors” and/or “qualified purchasers.” Styrax’s Clients include a sub-advisory relationship and pooled investments in a master-feeder fund structure as follows: Styrax Equities LP, a Delaware, USA, limited partnership (the “Styrax Domestic Feeder”), Styrax Offshore Ltd., a Cayman Islands exempted company (the “Styrax Offshore Feeder”, together with the Styrax Domestic Feeder, the “Feeder Funds”), invests all of its investable capital in Styrax Master Fund LP, a Cayman Islands exempted limited partnership (the “Styrax Master Fund”), which in turn will invest such capital in a trading subsidiary, Styrax Equities Ltd., a Cayman Islands exempted company (the “Styrax Equities”) through which the Feeder Funds conduct their investment program. Styrax Fund GP LLC, a Delaware limited liability company (the “Fund General Partner”), acts as the general partner to Styrax Domestic Feeder and the Styrax Master Fund. The Fund General Partner is an affiliate of the Investment Adviser, as Soly Vahabzadeh is the managing member. The Funds’ investment objectives, strategies, risks, structure, costs, withdrawal terms and other matters of importance are described in its offering and governing documents. Items 5 and 8 below provide details on Styrax’s methods of analysis and investment strategies. 2. Investment Strategies and Types of Investments The investment objective of Styrax Equities is to achieve capital appreciation. Styrax Equities primarily focuses its investment strategy on long and short investments in equity securities (including equity-related derivatives) deemed by the Investment Manager to be within the technology, media and telecommunications (“TMT”) and related sectors. Styrax Equities’ approach may result in a concentrated portfolio. The Investment Manager may invest in or focus
on other sectors from time to time and is not limited with respect to the types of investment strategies it may utilize on behalf of Styrax Equities or the markets in which it may cause Styrax Equities to invest. The investment strategy and program applied to assets managed as a sub-advisor is to invest in assets, securities, instruments or other property utilizing an investment strategy primarily focused on long and short equity investments within the technology, media and telecommunications and related sectors, alongside, and to pursue an investment strategy substantially similar to, Styrax Equities. Please see Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) below for a more detailed description of the investment strategies pursued and types of investments made by the Styrax Funds. The descriptions set forth in this Brochure of specific advisory services that Styrax offers to clients, and investment strategies pursued and investments made by Styrax on behalf of its clients, should not be understood to limit in any way Styrax’s investment activities. Styrax may offer any advisory services, engage in any investment strategy and make any investment, even if not described in this Brochure, that Styrax considers appropriate, subject to each client’s investment objectives and guidelines. Not all of the strategies described in this Brochure may be used at the same time or in the same proportions, and Styrax may add, suspend, eliminate or modify investment strategies at its discretion. The investment strategies Styrax pursues are speculative and entail substantial risks. Investors should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. C. Availability of Customized Services for Individual Clients. Advisory services and restrictions are based on the strategy and regulatory limitations of the Fund. Generally, Styrax has broad and flexible investment authority to invest in different economic sectors and geographical markets. Please refer to the offering documents of the Funds for additional details regarding investment restrictions. D. Wrap Fee Programs. Styrax does not provide any wrap fee programs (programs that bundle brokerage and advisory services under a single comprehensive fee). E. Assets Under Management. Styrax has $1,609,639,039 of gross regulatory assets under management and a net AUM of $902,379,307, all of which is managed on a discretionary basis subject to any investment limitations contained in the offering and governing documents and agreements related to a sub-advisory relationship, with all such assets calculated with values available as of December 31, 2023. Additional information about Styrax’s business, history, organization and other matters addressed in Item 4 (Advisory Business) can be found in the offering documents and/or organizational documents of the relevant Fund.