Patient Square Capital, LP (hereinafter “Patient Square,”  “we,”  “us,”  “our,”  or the “Firm”) was 
established in 2020 as a Delaware limited partnership with a principal place of business located 
in Menlo Park, CA. The principal owner of Patient Square is Jim Momtazee (the “Managing 
Partner”), and he is joined by ten highly complementary and experienced senior team members 
(collectively with Mr. Momtazee, the “Partners”) who collectively have decades of experience and 
a long-standing shared professional history. 
Patient Square  currently  provides  discretionary investment advisory services to private 
investment vehicles (each a “Fund,”  and collectively, the “Funds”) and additional private 
investment vehicles, including co-investment vehicles (“Co-Invest Vehicles”), and, potentially in 
the future, separately managed accounts (collectively with the Funds, the “Clients”). Investors in 
the Funds are referred herein as “Investors,” or “Limited Partners.” Where the context so requires, 
in certain circumstances, references to the Funds also includes Co-Invest Vehicles. Co-Invest 
Vehicles include vehicles established for individual or multiple investors seeking exposure to 
single or multiple investments, as well as vehicles where Patient Square has varying levels of 
investment discretion.  
The Funds will generally be exempt from registration under the U.S. Investment Company Act of 
1940, as amended (the “Investment Company Act”), and will issue securities that will not be 
registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). 
Patient Square will act as the alternative investment fund manager of the Funds for the purposes 
of the European Union (the “EU”) Alternative Investment Fund Managers Directive (2011/61/EU) 
(the  “Directive”), together with Commission Delegated Regulation (EU) No 231/2013 
supplementing the Directive, as well as any similar or supplementary law, rule, or regulation, in 
each case as amended from time to time, including as implemented in any relevant jurisdiction 
and the United Kingdom (the “UK”)  Alternative Investment Fund Managers Regulations 
2013/1773, as amended from time to time, or any subordinate legislation thereto. 
Each Fund’s general partner (each, a “General Partner,” and collectively, together with any future 
affiliated general partner entities, the
                                        
                                        
                                             “General Partners”) has the power and authority to delegate 
the management of the respective Fund(s) to Patient Square, which is an affiliate of each General 
Partner. Each General Partner is subject to the Investment Advisers Act of 1940 (the “Advisers 
Act”) pursuant to Patient Square’s registration in accordance with SEC staff guidance. All 
references to the Firm include each General Partner. 
The Funds will generally be private equity funds and invest through negotiated transactions in 
operating entities, generally referred to herein as “portfolio companies.”  Patient Square’s 
investment advisory services to the Funds consist of identifying and evaluating investment 
opportunities, negotiating the terms of investments, managing, and monitoring investments and 
achieving dispositions for such investments. Although investments will be made predominantly in 
non-public companies, investments in public companies are permitted. Where such investments 
consist of portfolio companies, the Partners, other senior personnel of Patient Square or their 
affiliates generally serves on such portfolio companies’ respective boards of directors or otherwise 
act to influence control over management of portfolio companies in which the Funds will invest. 
Patient Square manages the assets of each Fund in accordance with the terms of each Fund’s 
private placement memorandum, limited partnership agreements and other governing documents 
(collectively, “Governing Documents”). 
Patient Square does not currently provide investment advice to separately managed accounts nor 
does it provide investment advice to individual Investors. However, the Firm or its affiliates have 
entered, and expect to continue entering into, side letters (each a “Side Letter”) or similar 
agreements with Investors that may entitle such Investors to impose restrictions on investing in 
certain securities or types of securities. Even in such cases, investors in the Funds (generally 
referred to herein as “investors” or “limited partners”) participate in the overall investment program 
for the applicable Fund and such arrangements generally do not create an adviser-client 
relationship between Patient Square and any investor. 
As of December 31, 2023, Patient Square has regulatory assets under management of 
approximately $7.9B, all managed on a discretionary basis.