Suvretta Capital Management, LLC

Suvretta Capital Management is a discretionary investment manager to private pooled investment vehicles and institutional investors, operating multiple fund complexes (including long-short and healthcare-focused feeder/master structures) and serving only sophisticated, accredited and qualified purchasers. The firm does not manage separate accounts or retail individual client relationships and also acts as sub‑manager to a SICAV sub‑account.

Suvretta runs a global, primarily equity long‑short program that emphasizes large‑ and mega‑capitalization names and uses equities, options, futures, ETFs and other derivatives along with leverage and activist tactics; its Averill and Madison strategies apply a bottom‑up, fundamental approach concentrated in healthcare and life‑sciences opportunities and permit limited investments in private or illiquid “Designated Investments.” Portfolios are managed on a fully discretionary basis, with the firm employing risk controls, position sizing and pro rata allocation policies across pooled vehicles.

Compared with many peers, Suvretta discloses recent material changes (including the dissolution of certain legacy Averill funds and enhanced risk‑factor disclosures) and is registered as an exempt commodity pool operator, while also using third‑party placement/referral arrangements and capital‑introduction participation in its distribution activities—practices that can create additional operational or allocation considerations for investors. The firm also sponsors or may sponsor affiliated SPACs and runs co‑investment programs alongside its funds, arrangements the brochure identifies as potential sources of conflicts to be managed.