Two Seas Capital Lp
- Regulatory AUM
- $2.8B
- Discretionary
- $2.8B
- Clients
- 14
- Avg AUM / client
- $202M
- Accounts
- 14
- Employees
- 16
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 14 | $2.8B | 100.0% |
| Other investment advisers | Fewer than 5 clients | $0 | — |
Private funds (10)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Two Seas Global (Master) Fund Lp master | Hedge Fund | Cayman Islands | $483M | 145 |
| Two Seas Litigation Opportunities Fund Llc | Hedge Fund | Delaware | $198M | 56 |
| Two Seas Global (Domestic) Fund Lp feeder | Hedge Fund | Delaware | $143M | 108 |
| Two Seas Global (Cayman) Fund Lp feeder | Hedge Fund | Cayman Islands | $134M | 38 |
| Two Seas Lnp Opportunities (Master) Fund Lp master | Hedge Fund | Cayman Islands | $71.8M | 82 |
| Two Seas Lnp Opportunities (Domestic) Fund Lp feeder | Hedge Fund | Delaware | $45.5M | 71 |
| Two Seas Lnp Opportunities (Cayman) Fund Lp feeder | Hedge Fund | Cayman Islands | $15.7M | 9 |
| Two Seas Duration Litigation Opportunities Fund Llc Class 1 | Hedge Fund | Delaware | $2.9M | 16 |
| Two Seas Duration Litigation Opportunities Fund Llc Class 4 | Hedge Fund | Delaware | $1.5M | 12 |
| Two Seas Duration Litigation Opportunities Fund Llc Class 3 | Hedge Fund | Delaware | $966K | 6 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Toussi, Sina, Nmn | Limited Partner / Chief Investment Officer | Oct 2019 (7y) | ≈ 0% – 5% via Two Seas Capital Gp Llc | |
| Palermo, Lawrence, Vincent | Chief Compliance Officer / Chief Financial Officer / Chief Operating Officer | Nov 2020 (6y) | 5% – 10% | |
| Bennett, John, Patrick | Managing Director / Head Trader | Mar 2021 (5y) | 5% – 10% | |
| Chasen, David, Scott | Managing Director | Mar 2021 (5y) | 5% – 10% | |
| Sheth, Himanshu, Dipak | Managing Director / Head Of Research | Mar 2021 (5y) | 10% – 25% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Two Seas Capital Gp Llc | General Partner | Oct 2019 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Toussi, Sina, Nmn: 75% – 100% of Two Seas Capital Gp Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (10, $1.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Two Seas Global (Master) Fund Lp | Hedge Fund | $483M | $1.0M | 145 |
| Two Seas Litigation Opportunities Fund Llc | Hedge Fund | $198M | $100K | 56 |
| Two Seas Global (Domestic) Fund Lp | Hedge Fund | $143M | $100K | 108 |
| Two Seas Global (Cayman) Fund Lp | Hedge Fund | $134M | $100K | 38 |
| Two Seas Lnp Opportunities (Master) Fund Lp | Hedge Fund | $71.8M | $25.0K | 82 |
| Two Seas Lnp Opportunities (Domestic) Fund Lp | Hedge Fund | $45.5M | $25.0K | 71 |
| Two Seas Lnp Opportunities (Cayman) Fund Lp | Hedge Fund | $15.7M | $100K | 9 |
| Two Seas Duration Litigation Opportunities Fund Llc Class 1 | Hedge Fund | $2.9M | $100K | 16 |
| Two Seas Duration Litigation Opportunities Fund Llc Class 4 | Hedge Fund | $1.5M | $35.0K | 12 |
| Two Seas Duration Litigation Opportunities Fund Llc Class 3 | Hedge Fund | $966K | $100K | 6 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.64 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗