Perryridge Capital LP

Perryridge Capital is an SEC-registered adviser that primarily manages private pooled investment vehicles organized in a master-feeder structure and provides discretionary investment management to institutional investors; the firm also states it may serve separately managed accounts for institutional clients. Its services are delivered in accordance with each Fund’s offering documents and, except for separately managed accounts, are not tailored to individual investors.

The firm pursues a concentrated, long/short equity strategy focused on liquid public equities in developed markets, relying on fundamental analysis augmented by alternative data and the use of AI in its research process. Perryridge discloses the use of leverage, short selling and a broad set of derivatives (including OTC swaps, options, futures and credit default swaps) to implement hedges and directional positions, and it is compensated through management fees and performance allocations.

Compared with many peers that principally manage pooled vehicles, Perryridge’s brochure highlights several less-common features: it may employ borrowing and derivatives within separately managed accounts, uses an outsourced trader for execution, and accepts soft-dollar research and brokerage arrangements. The brochure also describes side-letter flexibility for certain investors and provides an extensive discussion of counterparty, margin/collateral and AI/alternative-data risks, which could affect allocation, liquidity management and the treatment of different investor classes.