Forest Avenue Capital Management LP

Forest Avenue Capital Management LP provides discretionary investment management exclusively to qualified investors through private pooled vehicles, operating a master‑feeder structure that includes an onshore fund, an offshore fund and a Cayman master fund. The firm also acts as a sub‑adviser to a portfolio managed by an unaffiliated registered adviser and does not tailor advisory services to individual retail clients.

Forest Avenue pursues a global equity long‑short strategy with a flexible mandate to pursue opportunistic private investments, focusing its investment universe on energy/industrials/infrastructure/renewables/utilities and consumer sectors. The firm emphasizes active risk management — including sector and geographic diversification, dynamic monitoring of gross and net exposure, position‑level oversight and the use of leverage, derivatives and secured financing as described in its Brochure.

Compared with many pooled‑vehicle managers, Forest Avenue discloses specific commodity‑trading constraints and approaches: it operates subject to the CFTC Rule 4.13(a)(3) de‑minimis exemption and explains that limits on commodity interest trading can lead it to use substitute instruments or incur higher hedging costs. The firm’s operational and commercial arrangements — multiple fund tranches with differing incentive allocation mechanics, potential non‑pro rata expense allocations, side‑letter practices and its sub‑advisory relationships — are structural features investors should consider alongside its investment strategy.