Overview
Advisory Services
4.A. Advisory Firm Description
Sessa Capital is a registered investment adviser with its principal place of business located in New
York, NY. Sissa Capital IM, L.P. (“Sissa Capital”), the predecessor to Sessa Capital, was originally
formed in 2007. Sissa Capital was dormant from 2010 to 2012 and the name was changed to
Sessa Capital in 2012. John Petry is the principal owner of Sessa Capital.
4.B. Types of Advisory Services
Sessa Capital provides investment advisory and management services on a discretionary basis to
Sessa Capital (Master), L.P., Sessa Capital Special Opportunity Fund II, L.P., and Sessa Capital
Special Opportunity Fund III, L.P. (each, the “Fund,” collectively, the “Funds”). Sessa Capital
(Master), L.P. is a private pooled investment vehicle organized in a master-feeder structure; Sessa
Capital also provides limited advisory and management services on a discretionary basis to Sessa
Capital, L.P. and Sessa Capital
(International), Ltd., which are the feeder funds in the master-
feeder structure. Sessa Capital Special Opportunity Fund II, L.P. and Sessa Capital Special
Opportunity Fund III, L.P. are private pooled investment vehicles organized as domestic limited
partnerships.
4.C. Client Investment Objectives/Restrictions
Investments for the Funds are managed in accordance with each Fund’s specific investment
objectives, strategies and restrictions. Investments are not tailored to the individualized needs
of any particular Fund investor. Investors may not impose restrictions on investing in certain
securities or certain types of securities.
4.D. Wrap-Fee Programs
Sessa Capital does not participate in any wrap fee programs.
4.E. Assets under Management
As of December 31, 2023, Sessa Capital had $3,617,602,160 in regulatory assets under
management. All assets are managed on a discretionary basis.