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| Flight Deck Capital LP
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| CRD # | 311353 |
| SEC # | 801-120837 |
| CIK # | 0001861705 |
| AUM | 358.7 M (2026-03-27) |
| Employees | 4 (50% Investors, 0% Brokers) |
| Fees | |
| Minimum | |
| Phone | 415-728-9037 |
| Address | 601 California Street San Francisco, CA 94108 |
| Source | [IAPD] [EDGAR] [Website] [LinkedIn] |
| Total AUM ($M) |
|---|
| Fees and Compensation — Form ADV Part 2A (3/27/2026) [Brochure] |
|---|
Item 5 - Fees and Compensation Flight Deck is generally paid two forms of compensation in connection with providing investment advisory services to the Funds. We are paid an asset-based management fee/allocation and a performance-based profit allocation. Flight Deck may waive or reduce all or any portion of the management fees/allocations, performance allocations, or fees with respect to any Investor, Fund, or sub-capital balance thereof. Accordingly, allocations may vary both among Funds and among Investors within a Fund. The management fee/allocation is generally charged quarterly at a rate of 1.5% per year and is based on each Investor’s capital balance as of the beginning of such calendar quarter. In determining each Investors capital account balance, Standard Illiquid Securities will typically be included based on their cost. Flight Deck may elect in any year to receive all or a part of the management fees as a management allocation. Management allocations are typically allocated at the end of the calendar quarter and allocated out of the first items of profit. Performance allocations are typically charged at a rate of 20% of realized and unrealized profits and losses over a standard high-water mark. For this purpose, profits and losses on Standard Illiquid Securities will typically only be included upon realization. Generally speaking, accrued performance allocations related to appreciation on Standard Illiquid Securities will be netted against performance allocations from Liquid Securities upon realization. All management fees/allocations and performance allocations for Elective Co-investments are determined per opportunity as agreed upon at the time of funding. Generally speaking, accrued performance allocations related to appreciation on Elective Co-Investments will not be netted against performance allocations from Liquid Securities upon realization. Fees and compensation paid to Flight Deck or its affiliates by the Funds are generally deducted from the assets of such Funds. Each Fund is typically responsible for its own costs and expenses, including trading costs and expenses (such as brokerage commissions, clearing and settlement charges, transaction-related taxes, and expenses related to short sales), research-related fees and expenses, ongoing legal, administration, bookkeeping, regulatory filing, auditing, tax preparation, insurance, and other fund related professional fees and expenses. All or a portion of these costs and expenses may be paid by brokers that execute Fund trades, as discussed in Item 12 below. Neither Flight Deck nor any of its supervised persons accept compensation for the sale of securities or other investment products. Flight Deck complies with Rule 205-3 under the Investment Advisers Act of 1940, to the extent required by applicable law. Performance allocations may create an incentive for Flight Deck to make more risky and speculative investments than it would otherwise make. Please note that the information provided in Item 5 is intended to be a general summary of fees charged and other general business practices of Flight Deck in connection with the advisory services it provides. The descriptions of fees and expenses in Item 5 are for summary purposes only and are supplemented and superseded in their entirety by the consulting/side letter agreements between each investor and Flight Deck, and the governing documents of each Fund. |
| Account Minimums and Types of Clients — Form ADV Part 2A (3/27/2026) [Brochure] |
|---|
Item 7 - Types of Clients Flight Deck provides investment advice to the Fund. Investors are generally required to invest a minimum of $1,000,000. Flight Deck may waive this minimum. |
| Sector | Form 13F Holdings | Value ($M) |
|---|---|---|
| Unity Software Inc | 30.7 | |
| Bloom Energy Corp | 27.8 | |
| Sea Ltd | 15.8 | |
| Cloudflare Inc | 13.3 | |
| Interprivate Acquisition Corp | 10.6 | |
| MercadoLibre Inc | 9.6 | |
| Robinhood Markets Inc | 9.2 | |
| Carvana Co | 8.3 | |
| PONY AI Inc | 7.9 | |
| Toast Inc | 4.1 |
| Holdings by Sector ($M) |
|---|
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| HF | Flight Deck Master Fund LP | [2021-03-17] | 299.2 M | 358.7 M |
| Filed 2025-05-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Finder's Fee $38,725 · Net Assets Decline to Disclose | ||||
| PE | Flight Deck Viper 1 LP | [2021-03-03] | 236.7 M | 26.4 M |
| Filed 2026-01-14 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $2,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose | ||||
| AUM Breakdown | Accounts | AUM ($M) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 1 | 358.7 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 1 | 358.7 |
| By Discretionary | ||
| Discretionary | 1 | 358.7 |
| Non-Discretionary | 0 | 0.0 |
| Total | 1 | 358.7 |
| By Non-United States Persons | ||
| Non-United States Persons | 358.7 | |
| United States Persons | 0.0 | |
| Total | 1 | 358.7 |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| Mark Simmons | Executive Officer | 13 | 4 | |
| Jay Kahn | Executive Officer | 7 | 3 | |
| Chet Kapoor | Executive Officer | 10 | 2 | |
| Fdc GP LLC | Executive Officer | 5 | 2 | |
| Richard Wang | Executive Officer | 3 | 2 | |
| General Partner Tenzing Global Investors LLC | Director | 1 | 1 | |
| Investment Manager Tenzing Global Management LLC | Director | 1 | 1 |
| EDGAR Form | CIK | 2011 - 2026 |
|---|---|---|
| 13F-HR | [0001861705] |
| Firm Profile (Form ADV) | |
|---|---|
| Serves | Institutional |
| Fund Types | Hedge Fund, Private Equity |
| LEI | 549300FZZ6NHEN6X2250 |
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