Overview
Ayrton Capital LLC (“Ayrton,” the “Adviser” or the “Management Company”), is an investment advisory
firm with its principal place of business in Westport, Connecticut. The Adviser was founded and
commenced operations as an investment adviser in September of 2016. Waqas Khatri is the managing
member (the “Managing Member”) and owner of the Adviser.
The Adviser provides investment advisory services to its clients, which are private pooled investment
vehicles. Specifically, the Adviser’s Clients are Alto Opportunity Fund, L.P. (the “U.S. Fund”) and Alto
Opportunity Fund, SPC (the “Offshore Fund”), each of which is a “feeder” fund which invests all or
substantially all of its assets through a common master fund, Alto Opportunity Master Fund, SPC (the
“Master Fund”), which is also managed by the Adviser (each a “Client” or “Fund,” and collectively, the
“Clients” or the “Funds”). The Adviser generally has broad and flexible investment authority with respect
to the Clients’ investment portfolios. It provides investment advisory services to the Clients based on each
Client’s specific investment objective and strategy as described in the respective
Client’s private placement
memorandum, limited partnership agreement, management agreement, and/or subscription agreement
(individually and collectively, the “Offering Documents”). The Adviser does not tailor its advisory services
to the individual needs of investors in the Funds.
As of December 31, 2023, Ayrton has approximately $296,931,597 in regulatory assets under management
on a discretionary basis.
The Adviser does not participate in wrap fee programs.
This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The
securities of the Clients are offered and sold on a private placement basis under exemptions promulgated
under the Securities Act of 1933, as amended, (the “Securities Act”), and other exemptions of similar
import under the U.S. state laws and laws of other jurisdictions where an offering may be made. Fund
investors based in the United States generally must be both “accredited investors” as defined in Regulation
D, and “qualified clients,” as defined in the Investment Advisers Act of 1940, as amended, (the “Advisers
Act), or otherwise qualified.