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Discovery is a Connecticut limited liability company with its principal place of business in South Norwalk,
Connecticut. Discovery was formed in April 1999 and commenced operations as an investment adviser in
August 1999. Robert K. Citrone is the principal owner of Discovery Capital Management Holding Co., L.P.,
which is the sole owner and managing member of Discovery.
Discovery provides investment management services to its clients, which are generally pooled investment
funds (the “Funds”), and Mr. Citrone is the primary portfolio manager for the Funds.
Discovery provides discretionary investment advisory services to Funds intended for sophisticated investors
and institutional investors. The general investment program of these Funds is to make investments in
equities, currencies (including digital currencies), credit, rates and commodities across emerging and
developed markets. Discovery specializes in multi-asset class investing across global financial markets and
uses a combination of “Global Macro” and “Equity Long-Short” strategies to identify investment opportunities.
Discovery utilizes (i) fundamental, top-down
global macro analysis, including political and policy risk
assessment, to identify opportunities in countries and asset classes, and (ii) fundamental, bottom-up
research for industry, company, and security selection. The Funds are generally open-end and offer different
combinations of concentrations, liquidity, leverage, and strategy overweighting based on the specific
investment objectives and strategies of the Fund as described in the relevant Fund Documentation. Each
Fund may impose restrictions on investing in certain securities or certain types of securities, consistent with
such Fund’s investment strategy, policies or restricted list.
Discovery manages various closed-end private equity funds which invest in late stage growth equity with a
focus on technology companies. The portfolio companies are illiquid, private companies that Discovery has
identified in connection with its investments analysis described above.
Discovery does not participate in any wrap fee programs.
As of December 31, 2023, Discovery had approximately $ 2,551,384,557 regulatory assets under
management on a discretionary basis.