Riposte Capital LLC (“Riposte”, the “Adviser”, or the “Firm”), a Delaware limited liability
company, is an investment adviser with its principal place of business in New York, NY. Riposte
commenced its operations on July 8, 2015. The Adviser is majority owned by Khaled Beydoun.
Canepa RC Holdings LLC is a 25% direct owner of the Adviser and Adviser’s general partner
(Riposte GP, LLC). Khaled Beydoun remains a 75% direct owner of both Riposte entities.
Canepa RC Holdings, LLC is 100% owned by Heisenberg Global Partners, LLC, (“HGP”). HGP
is wholly owned by Canepa Global Managers SCS (“CGM”). CGM has several partners; but no
ultimate beneficiary owns a controlling interest.
Riposte provides discretionary investment management services to qualified investors through its
private funds (collectively, the “Funds” or the “Clients”): Riposte Global Opportunity Fund, LP,
a Delaware limited partnership (the “Onshore Fund”), Riposte Global Opportunity Fund, LTD, a
Cayman Islands exempted company (the “Offshore Fund”), and Riposte Global Opportunity
Master Fund, LP, a Cayman Islands exempted limited partnership (the “Master Fund”). The
Onshore Fund and the Offshore Fund are feeder funds that invest through the Master Fund.
Riposte may also provide investment advice to additional private funds in the future. Investment
advice provided is limited to the investment strategies of the Funds. References throughout this
document to “Clients” refer to the Funds and any other private funds that the Firm may advise in
the future.
The Onshore Fund’s “Limited Partners” and the Offshore Fund’s “Shareholders” are hereinafter
collectively referred to as the “Investors” where appropriate.
Riposte GP, LLC serves as the “General Partner” to the Funds. The Master Fund(s) and Feeder
Funds are herein collectively referred to as the “Funds”. Riposte may provide advisory services to
separately managed account
clients (the “Separate Account” and collectively with the Funds, the
“Clients”).
Riposte implements a bottom-up investment approach focused on operating and asset-specific
data across primarily five core sectors: energy, transportation, industrials, real estate, financials
and consumer. The process is defined by a strict risk/reward analysis whereby every assumption
is underwritten independently and rigorously to construct a concentrated long/short global equity
portfolio. The investment strategies which Riposte employs primarily trade U.S and non-U.S.
equity and equity-related securities, swaps, futures and derivatives. Riposte may also invest a
portion of net assets, for both investment and hedging purposes, in non-equity securities and
related derivatives which may include, but are not limited to, single name and index credit default
swaps, bonds and other fixed income securities, interest rate swaps and swaptions.
Riposte also may make private investments through certain special purpose vehicles (“Select
Investments”). Select Investments are offered to electing investors and may, in the aggregate,
generally represent 20% of a Fund’s assets. Additionally, Riposte may offer certain Select
Investments to existing investors in the Funds or third parties based on, among other things, the
size of the investment, the risk profile, and the balance of a Fund’s assets that are invested in
Select Investments. Please see Item 8 below for a description about Select Investments.
Riposte does not currently participate in any Wrap Fee Programs.
Riposte has Regulatory Assets Under Management (“RAUM”) totaling approximately
$390,086,656 as of December 31, 2023, on a discretionary basis. Riposte does not manage assets
on a non-discretionary basis. The term “RAUM” is defined by the SEC in the instructions to
Form ADV, and RAUM is calculated in accordance with the requirements prescribed by the SEC.