Overview
Endurant Capital Management LP is a Delaware limited partnership that was formed in June 2013.
Endurant Capital is owned and controlled, by Quang Pham, Endurant Capital’s Co-Founder and
Portfolio Manager. Mr. Pham invested $3 million in the Funds’ initial offering and plans to
maintain a substantial portion of that net worth in the Funds thereafter. Endurant Holdings LLC
is a General Partner of Endurant Capital Management LP and is fully owned by Quang Pham.
On October 1, 2013, Endurant Capital launched the Endurant Health Master Fund LP (“The Fund”).
On November 1, 2013, Endurant Capital began managing a Sub-Advised Account (“SAA1”) that is
managed on a pari passu basis with the Fund. On September 28, 2020, Endurant Capital began
managing another Sub-Advised Account (“SAA2”) that is managed on a pari passu basis with the
Fund. As of December 31, 2023, Endurant Capital had $120,544,400 in regulatory assets under
management (“RAUM”).
The Fund and Sub-Advised Accounts invest principally, but not solely, in equity and equity-related
securities that are traded publicly in U.S. markets. The Fund and Sub-Advised Accounts also may
invest in
other securities including preferred stocks, convertible securities, warrants, rights,
options (including covered and uncovered puts and calls and over-the-counter options), swaps
and other derivative instruments, bonds and other fixed income securities, non-U.S. securities,
non-U.S. currencies, futures, options on futures, other commodity interests, private securities,
and money market instruments. The Fund and Sub-Advised Accounts engage in short selling,
margin trading, hedging and other investment strategies. Endurant Capital is authorized to enter
any type of investment transaction that it deems appropriate under the terms of the Fund’s
partnership agreement and Sub-Advised Accounts’ Sub-Advisory Agreement.
Fund and Sub-Advised Account investors have no opportunity to select or evaluate any
investments or strategies. Endurant Capital selects all Fund investments and strategies.
Endurant Capital does not tailor its advisory services to the individual needs of Fund investors
but manages each such account according to its stated strategy. Endurant Capital only manages
assets on a discretionary basis.