Discerene Group LP, a Delaware limited partnership, is an investment adviser which
provides discretionary investment advisory/management services to private investment
funds, including Diakrisis Fund LP, Sagacia Fund LP, and Sabiduria Fund LP, each a Delaware
limited partnership, Sagacia Offshore Fund LP, a Cayman Islands limited partnership, (the
“Discerene Funds”), special purpose investment vehicles, each a Delaware limited
partnership (the “SP Funds” and, collectively with the Discerene Funds, the “Funds”) and
separately managed accounts (the “SMAs”). References throughout this document to
“Clients” refer to the Funds and the SMAs, unless the context clearly suggests otherwise.
The Adviser commenced operations in June 2010. As of December 31, 2023, the Adviser
managed $2,391,283,000 in regulatory assets, all of which are managed on a discretionary
basis. The Adviser does not manage any assets on a non-discretionary basis.
The Adviser’s primary investment objective is to achieve long-term capital appreciation by
investing Client assets in portfolios of global securities. Depending on the Client mandate,
the Adviser employs either a long-short or long-only investment strategy using a bottom-up
fundamental valuation approach. For Clients with long-short mandates, short selling is done
if believed to be sufficiently compelling and in line with each Client’s investment guidelines
and pursuant to such Client’s Offering Documents (as defined below).
Investments are made
in the stocks of U.S. and non-U.S. issuers, including issuers in emerging markets. In addition
to its core investment strategies, the Adviser may employ other investment strategies it
deems appropriate, particularly through SP Funds, and may invest in and trade a variety of
securities, instruments, and investments. The Adviser provides investment advisory services
to the Clients based on each Client’s specific investment objective and strategy. The Adviser
does not tailor its advisory services to the individual needs of investors in the Funds.
The Adviser does not participate in wrap fee programs.
SP Fund and SMA investors may elect to impose restrictions on certain types of transactions.
Any such limitations are addressed in each such SP Fund’s governing documents or SMA
investment management agreement. A Client’s private placement memorandum, investment
management agreement, limited partnership agreement, and/or other governing documents
are collectively referred to herein as “Offering Documents.”
Mr. Soo Chuen Tan is the President of the Adviser and sole owner of the Adviser’s general
partner, Discerene Holdings Inc. Prior to founding the Adviser, Mr. Tan worked at Deccan
Value Advisors, the Baupost Group, Halcyon Asset Management, and McKinsey & Company.
Mr. Tan received a Bachelor of Arts degree in Jurisprudence from Oxford University and a
Master of Business Administration degree from Harvard Business School.