Fourth Sail Capital US LP

Fourth Sail Capital US LP acts as the discretionary investment adviser to a set of pooled vehicles — master funds, feeder funds and a special purpose vehicle — providing portfolio management, trading, research and risk management for those funds. The firm reports approximately $3.67 billion in regulatory assets under management and serves a small number of primarily institutional investors, including non‑U.S. feeder vehicles.

The firm’s stated investment approach centers on long/short and long‑only equity strategies with a five‑ to ten‑year horizon, primarily focused on emerging and frontier Latin American companies and occasionally holding unregistered or illiquid private placements. Fourth Sail operates an active management model with daily trade and cash reconciliation and delegates sub‑management responsibilities to a Brazil‑authorized sub‑manager for portfolio implementation.

Noteworthy disclosures in the brochure include regular monthly unaudited investor statements and a monthly investor newsletter, along with explicit presentation of predecessor and performance results in its materials, and the firm’s use of pooled‑vehicle portfolio management. Fourth Sail’s combination of a large AUM concentrated across a small number of pooled clients, a significant non‑U.S. investor base, and the use of both percentage‑of‑AUM and performance‑based compensation (including carried interest) distinguishes it from many peers.