The Adviser, a Delaware limited partnership, is an investment adviser with its principal place of business
in New York, New York. The Adviser is controlled by Matthew Sirovich and Jeremy Mindich (the
“Controlling Partners”), and together with its predecessors, has been providing advisory services since
2001 and has been registered with the SEC since 2003.
The Adviser provides investment advisory services on a discretionary basis to clients that are pooled
investment vehicles including (A) market-neutral hedge funds consisting of (i) Scopia PX LLC, a Delaware
limited liability company, (ii) Scopia PX International Limited, a Bermuda exempted mutual fund company,
(iii) Scopia PX International Master Fund LP, a Bermuda exempted limited partnership that acts as the
master fund in a mini-master structure with Scopia PX International Limited, (iv) Scopia International
Limited, a Bermuda exempted mutual fund company, (v) Scopia International Master Fund LP, a
Bermuda exempted limited partnership that acts as the master fund in a mini-master structure with Scopia
International Limited, and (vi) Scopia Windmill Fund LP, a Delaware limited partnership (each a "Fund"
and collectively, the “Hedge Funds”) and (B) a long-only fund, Scopia Long QP LLC, a Delaware limited
liability company (the “Long-Only Fund” and together with the Hedge Funds, the “Scopia Funds”). The
Adviser also acts as the sub-advisor/trading advisor to (A) three market-neutral sub-accounts of third-
party sponsored pooled investment vehicles (the “Sub-Accounts”), (B) three market-neutral sub-accounts
of third-party sponsored pooled investment vehicles that are structured as “first loss” funds in which
partners of the Adviser contributed “first loss” capital) (the “First Loss Funds”), and (C) a market-neutral
sub-fund of an umbrella fund with segregated liability between
sub-funds registered in Ireland (the
“UCITS Fund” and, together with the Scopia Funds, the Sub-Accounts and the First Loss Funds, the
“Fund Clients”). All of the Adviser’s Fund Clients are intended for institutional and other sophisticated
investors.
The Adviser also provides investment advisory services on a discretionary basis to Scopia Co-Investment
Partners 2 LLC and its subsidiary, Scopia PE SPV PM LLC (together with Scopia Co-Investment Partners
2 LLC, “SCIP2”), and Scopia SPV Opportunity A LLC (“Opportunity A” and, together with SCIP2, the
“SPVs”), special purpose pooled investment vehicles established to provide certain qualified investors
the opportunity to invest in certain private investment opportunities. Solely in respect of one of those
private investment opportunities, the Adviser also has a sub-advisory arrangement with a third party
sponsored pooled investment vehicle (the “Private Investment Sub-Advisory Client”).
The Adviser provides advice to clients based on specific investment objectives and strategies (detailed
in Item 8 below).
The Adviser does not generally tailor its advisory services to the individual needs of investors in the
Scopia Funds, the UCITS Fund or the SPVs or accept investor-imposed investment restrictions.
However, the Adviser has entered into agreements with certain investors and clients, including the Sub-
Accounts, the First Loss Funds and the Private Investment Sub-Advisory Client, granting these investors
and clients specific rights including, but not limited to, imposing restrictions on investing in certain
securities or certain types of securities and providing investment advice in respect of a narrow scope of
investment opportunities.
As of December 31, 2023, the Adviser managed $1,163,868,979 of regulatory assets under management
on a discretionary basis.