ADVISORY BUSINESS
A. General Description of Advisory Firm.
Empyrean commenced operations in 2004. Amos Meron is the principal owner of
Empyrean and its general partner, Empyrean Capital, LLC, a Delaware limited liability
company (the “Empyrean General Partner”). Mr. Meron is the managing member of the
Empyrean General Partner and controls Empyrean.
Empyrean has its principal office and place of business in Los Angeles and an office
located at 499 Park Avenue, 28th Floor, New York, New York 10022.
B. Description of Advisory Services
Empyrean serves as the investment adviser with discretionary trading authority to
private pooled investment vehicles, the securities of which are offered to Investors (as defined
in Item 7) on a private placement or other basis (each, a “Fund” and collectively, the “Funds”).
The Funds include (i) Empyrean Capital Overseas Fund, Ltd., a Cayman Islands exempted
company (the “Offshore Fund”), (ii) Empyrean Capital Overseas ERISA Fund, Ltd, a Cayman
Islands exempted company (the “ERISA Fund”), (iii) Empyrean Capital Fund, LP, a Delaware
limited partnership (the “Domestic Fund”), and (iv) Empyrean Capital Overseas Master Fund,
Ltd., a Cayman Islands exempted company (the “Master Fund”). The Domestic Fund, the
Offshore Fund, and the ERISA Fund invest all of their investable assets through a “master-
feeder” structure in the Master Fund. While Empyrean is responsible for the Domestic Fund’s
investment activities, it is subject to the oversight of the general partner of the Domestic Fund,
Empyrean Associates, LLC (the “Onshore General Partner”). “Client” or “Clients” generally
refers to one or more of the Funds. and any other existing or future fund, investment company,
pooled-investment vehicle or managed account that Empyrean manages or may, from time to
time, manage, as applicable.
Empyrean, on behalf of its Funds, generally employs a fundamentally-oriented, fully-
integrated, multi-disciplinary approach to event-oriented investing. Empyrean believes that in
order to fully exploit current event-oriented market opportunities, an investment manager
requires an integrated combination of credit, equity, volatility and process expertise. Please
see Item 8 of this Brochure for a more detailed description of Empyrean’s investment strategies.
Investors may also ask Empyrean to, and Empyrean may, provide investment advice and
advisory services and other services with respect to other investment securities and instruments
as is consistent with each respective Investor’s investment objective, including through
managed accounts, other investment partnerships, other funds or investment management
companies that are registered with the SEC under the Investment Company Act of 1940. Such
other funds and accounts may follow similar or different investment programs to that of
Empyrean’s Funds.
This Brochure includes general information about Empyrean and its relationships with
its Clients and affiliates. While much of this Brochure applies to all such Clients and affiliates,
certain information included herein applies only to the Funds or affiliates.
This Brochure does not constitute an offer to sell or solicitation of an offer to buy any
securities.
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C. Availability of Customized Services for Individual Clients
Empyrean has full discretionary authority with respect to investment decisions made
on behalf of the Funds, and its advice is given in accordance with the investment objectives
and guidelines as set forth in the Funds’ respective offering memoranda. In the event that
Empyrean advises a managed account Client, Empyrean would tailor its advisory services to
the specific needs of such Client as agreed to in its investment management agreement.
From time to time, Empyrean offers co-investment opportunities. Such co-invest
vehicles will typically invest alongside Funds to the extent they have similar investment
objectives.
D. Wrap Fee Programs
Empyrean does not offer or participate in wrap fee programs.
E. Assets Under Management
Empyrean manages, and has discretionary authority over, approximately $4,987,749,891 in
regulatory assets under management as of January 31, 2024.
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