Brightlight Capital

Brightlight Capital Management LP is a Delaware limited partnership established in 2011, based in Westport, CT. The firm serves as an investment adviser to private pooled investment vehicles, managing the Offshore Fund and the Master Fund. The minimum initial investment for clients is generally $1,000,000, with exceptions for specific interests. Brightlight follows a value investment approach, focusing on long and short investments in global equities. The firm aims to generate superior risk-adjusted returns while preserving capital, conducting rigorous fundamental analysis and seeking a significant margin of safety on all securities. Investment decisions are subject to each fund's objectives and guidelines. Brightlight charges a quarterly management fee of 0.375% of the net asset value. The firm may waive or modify this fee at its discretion. Brightlight and its affiliates are entitled to an annual performance-based allocation of 15%-20% of realized and unrealized income and gains. The firm has full discretionary investment authority over client funds and securities. Brightlight complies with the custody rule and has adopted proxy voting policies and procedures. The firm's Code of Ethics emphasizes fiduciary principles and sets standards for personal trading of securities by employees. Brightlight does not have any soft dollar arrangements and does not receive compensation for client referrals. There are no material disciplinary events or financial conditions that could impair the firm's ability to meet commitments.