Senvest is an investment adviser organized as a limited liability company under the laws of the state
of Delaware. Senvest was founded on April 1, 1997.
Senvest is controlled by Richard Mashaal, Chief Executive Officer (the “CEO”) and Co-Chief
Investment Officer (“Co-CIO”), and Brian Gonick, Co-CIO. Mr. Mashaal controls the Adviser
through his direct interest in the Adviser. Mr. Mashaal and Mr. Gonick have ultimate responsibility
for Senvest’s management, operations and investment decisions.
Senvest’s registration on Form ADV also covers RIMA Senvest Master Fund GP, LLC (the “Master
Fund General Partner”), RIMA Senvest Cyprus GP, Ltd. (the “Cyprus General Partner”) and
Senvest Technology Partners GP, LLC (the “Senvest Technology General Partner”). (Collectively,
the Master Fund General Partner, the Cyprus General Partner and the Senvest Technology General
Partner are referred to as the “Fund General Partners”). The Master Fund General Partner and the
Senvest Technology General Partner are limited liability companies organized under the laws of the
state of Delaware. The Cyprus General Partner is a Cayman Islands exempted company. The Fund
General Partners are affiliates of the Adviser and serve or may serve as the general partner of Funds
that are U.S. or non-U.S. partnerships. The Fund General Partners’ facilities and personnel are
provided by the Adviser or Senvest Capital (as defined below).
Mr. Mashaal is the majority owner of and controls the Master Fund General Partner and the Senvest
Technology General Partner. Mr. Mashaal jointly owns the Cyprus General Partner with Senvest
Capital and Mr. Gonick. Mr. Mashaal controls the Cyprus General Partner.
Senvest is affiliated with Senvest Capital Inc. (“Senvest Capital”), a Canadian public company that
trades on the Toronto Stock Exchange. Victor Mashaal (either directly or through an entity
controlled by him) is the only shareholder that owns 25% or more of Senvest Capital. Senvest
Capital is the largest investor in the Funds (as defined below) and acted as the seed investor for
Senvest. In addition, Victor Mashaal is the father of Richard Mashaal and Joy Mashaal, a Managing
Director of the Adviser.
Certain employees of Senvest Capital are supervised persons of Senvest and are compensated for
such services by Senvest Capital. All Senvest Capital employees that provide services to Senvest
are treated as access persons of Senvest and are subject to Senvest’s Code of Ethics.
Senvest has its principal place of business in New York, with offices in California, Montana,
Florida, and Québec. Senvest Capital is based in Montreal, Québec. Certain employees of Senvest
Capital who are supervised persons of the Adviser are based in Montreal. Senvest Capital has no
US operations.
Senvest serves as the investment adviser, with discretionary trading authority, to several private
pooled investment vehicles, the securities of which are offered to Investors (as defined below) on a
private placement basis (each, a “Fund” or collectively the “Funds”). The Funds include:
• Senvest Partners, LP, a Delaware limited partnership;
• Senvest Partners, LTD, a Cayman Islands exempted company;
• Senvest Master Fund LP, a Cayman Islands exempted limited partnership, which serves as
the master fund into which Senvest Partners, LP and Senvest Partners, LTD invest
substantially all of their assets through a “master feeder” structure;
• Senvest Cyprus Recovery Investment Fund, LP, a Cayman Islands exempted limited
partnership;
• Senvest Technology Partners, L.P., a Delaware limited partnership;
• Senvest Technology Partners, LTD, a Cayman Islands exempted company; and
• Senvest Technology Partners Master Fund, LP, a Cayman Islands exempted limited
company, which serves as the master fund into which Senvest Technology Partners, L.P.
and Senvest Technology Partners, LTD invest substantially all of their assets through a
“master feeder” structure.
The Master Fund General Partner serves as the general partner to Senvest Master Fund LP and
Senvest Partners, LP. The Senvest Technology General Partner serves as the general partner to
Senvest Technology Partners, L.P. and Senvest Technology Partners Master Fund, LP. The Cyprus
General Partner serves as the general partner to Senvest Cyprus Recovery Investment Fund, LP.
In addition, the Adviser serves as an investment adviser with discretionary trading authority over,
and also provides discretionary advisory services to, a separately managed account (the “Managed
Account”). The Adviser reserves the right to advise additional Managed Accounts in the future.
As used herein, the term “client” generally refers to each Fund and each beneficial owner of a
Managed Account.
Senvest formulates its investment advice for each Fund based on that Fund’s investment objectives,
directs and manages each Fund’s investment portfolio on a discretionary basis in accordance with
the terms of each Fund’s offering memorandum, limited partnership agreements and other
governing documents applicable to each Fund (collectively, the “Governing Fund Documents”).
Because it provides its advice directly to the Funds, Senvest does not tailor its advisory services
individually for investors in the Funds (the “Investors”). Certain clients managed by Senvest have
significant overlap in terms of investment objectives and securities holdings, but each client has
differing risk tolerances and investment goals, which result in different exposures. Senvest
formulates its investment advice for the Managed Account based on the investment objectives of
the beneficial owner of the Managed Account.
Senvest may offer any advisory services, engage in any investment strategy and make any
investment, including any not described in this Brochure, that it considers appropriate, subject to
each client’s investment objectives and guidelines. The investment strategies Senvest pursues are
speculative and entail substantial risks. Clients 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.
This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities.
The securities of the Funds are offered and sold on a private placement basis under exemptions
promulgated under the Securities Act of 1933 (the “Securities Act”) and other applicable state,
federal or non-U.S. laws. Significant suitability requirements apply to prospective investors in the
Funds, including requirements that they be “accredited investors” as defined in Regulation D,
“qualified purchasers” as defined in the Investment Company Act, or non-”U.S. Persons” as defined
in Regulation S. Persons reviewing this Brochure should not construe this as an offer to sell or a
solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or
solicitation will be made only by means of a confidential private placement memorandum.
The Adviser does not participate in wrap fee programs.
As of December 31, 2023, Senvest had approximately $ 3,672,444,018 in regulatory assets under
management, all of which are managed on a discretionary basis.