Vestal Point Capital, LP (hereinafter “Vestal Point”, “we”, “us”, “our” or the “Firm”) is
organized as a Delaware limited partnership with a principal place of business New York, New
York.
We serve as the investment adviser, with discretionary trading authority, to private, pooled
investment vehicles, the securities of which are offered through a private placement
memorandum to accredited investors, as defined under the Securities Act of 1933, as
amended, and qualified purchasers, as defined under the Investment Company Act of 1940,
as amended. We do not tailor our advisory services to the individual needs of any particular
investor.
Vestal Point manages the following private, pooled investment vehicles:
• Vestal Point Offshore Fund, Ltd., a Cayman Islands exempted company (the “Offshore
Fund”);
• Vestal Point Partners, LP, a Delaware limited partnership (the “Onshore Fund”); and
• Vestal Point Master Fund, LP, a Cayman Islands exempted limited partnership (the
“Master Fund”).
The Master Fund, the Onshore Fund and the Offshore Fund are herein each referred to as a
“Fund”, and collectively referred to as the “Funds”. The Onshore Fund’s “Limited Partners”
and the Offshore Fund’s “Shareholders” are hereafter collectively
referred to as the
“Investors” where appropriate. Our investment decisions and advice with respect to the
Funds are subject to each Fund’s investment objectives and guidelines, as set forth in its
respective “Offering Documents.”
Vestal Point also provides investment advisory services to a separately managed account (the
“Account”, and collectively with the Funds, the “Clients”) that is managed according to an
investment advisory agreement (the “Advisory Agreement” and, collectively with the Offering
Documents, the “Governing Documents”). Generally, in the normal course of business, the
Account and the Funds will be managed pari-passu. However, there may be exceptions that
could lead to non-pari-passu investments due to certain risk management parameters such as
drawdowns, leverage, cash availability, liquidity, stop losses or profit targets, restricted lists,
or periods of grossing up/down of the portfolio due to capital flows. Vestal Point may also
accept other clients, including additional private funds, at any time.
We do not currently participate in any Wrap Fee Programs.
As of December 31, 2023, the Firm has regulatory assets under management of
$1,841,931,516, all of which is managed on a discretionary basis.