Investment adviser · CRD 164189

SYSTEM 2 ADVISORS, L.P.

Investment adviser filing (IA)

SUMMIT, NJ, United States · Form ADV filed Mar 31, 2026

Regulatory AUM
$913M
Form ADV · Item 5.F
Client accounts
11
Accounts, not individual clients
Employees
6
Reported in this filing
Advisory professionals
2
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles9$860,690,00094.3%
Investment companies2$52,170,0005.7%
Filing source

Form ADV 2076920 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

5 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

TARA EMERGING ASIA LIQUID FUNDHedge Fund · Last reported Mar 31, 2026$648MGross asset value

Feeder funds

  • TARA EMERGING ASIA (MU) FUND LIMITED
  • TARA EMERGING ASIA (US) FUND, L.P.
Fund administrator APEX FUND SERVICES (MAURITIUS) LTD. EBENE, Mauritius Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG NEW YORK, New York, United States
Custodian SBM BANK (MAURITIUS) LTD PORT LOUIS, Mauritius Related to adviser: No
Custodian STANDARD CHARTERED BANK MUMBAI, India Related to adviser: No
Prime broker AXIS MUMBAI, India
Prime broker BANK OF AMERICA ML MUMBAI, India
Prime broker CLSA MUMBAI, India
Prime broker EMKAY GLOBAL FINANCIAL SERVICES MUMBAI, India
Prime broker EQUIRUS SECURITIES MUMBAI, India
Prime broker ICICI SECURITIES MUMBAI, India
Prime broker IIFL CAPITAL MUMBAI, India
Prime broker INVESTEC CAPITAL SERVICES INDIA PVT LTD MUMBAI, India
Prime broker JM FINANCIAL MUMBAI, India
Prime broker KOTAK SECURITIES MUMBAI, India
Prime broker MILLENIUM STOCK BROKING KOLKATA, India
Prime broker MORGAN STANLEY (SWAP) NEW YORK, New York, United States
Prime broker MOTILAL OSWAL SECURITIES MUMBAI, India
Prime broker NOMURA FINANCIAL ADVISORY AND SECURITIES (INDIA) PVT. LTD. MUMBAI, India
Prime broker NUVAMA SECURITIES (FORMERLY: EDELWEISS SECURITIES LIMITED MUMBAI, India
Prime broker PRABHUDAS LILLADHER PRIVATE LIMITED MUMBAI, India
Prime broker SOCIETE GENERALE (SWAP) GENVEA, Switzerland
Prime broker SPARK CAPITAL ADVISORS CHENNAI, India
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG
PCAOB 185

Fund details & source
Fund ID
805-9477216256
Reported beneficial owners
156
Minimum commitment
$100K
Form D file number
021-414594
Form D file number
021-421609

Form ADV 2076920 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TARA INSTITUTIONAL INDIA ALPHA (INCORPORATED VCC SUB-FUND)(A SUB-FUND OF TARA VCC)Hedge Fund · Last reported Mar 31, 2026$207MGross asset value

Feeder funds

Fund administrator APEX FUND SERVICES (MAURITIUS) LTD. EBENE, Mauritius Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG NEW YORK, New York, United States
Custodian SBM BANK (MAURITIUS) LTD PORT LOUIS, Mauritius Related to adviser: No
Custodian STANDARD CHARTERED BANK MUMBAI, India Related to adviser: No
Prime broker AXIS MUMBAI, India
Prime broker BANK OF AMERICA ML MUMBAI, India
Prime broker CLSA MUMBAI, India
Prime broker EMKAY GLOBAL FINANCIAL SERVICES MUMBAI, India
Prime broker EQUIRUS SECURITIES MUMBAI, India
Prime broker ICICI SECURITIES MUMBAI, India
Prime broker IIFL CAPITAL MUMBAI, India
Prime broker INVESTEC CAPITAL SERVICES INDIA PVT LTD MUMBAI, India
Prime broker JM FINANCIAL MUMBAI, India
Prime broker KOTAK SECURITIES MUMBAI, India
Prime broker MILLENIUM STOCK BROKING KOLKATA, India
Prime broker MORGAN STANLEY (SWAP) NEW YORK, New York, United States
Prime broker MOTILAL OSWAL SECURITIES MUMBAI, India
Prime broker NOMURA FINANCIAL ADVISORY AND SECURITIES (INDIA) PVT. LTD. MUMBAI, India
Prime broker NUVAMA SECURITIES (FORMERLY: EDELWEISS SECURITIES LIMITED MUMBAI, India
Prime broker PRABHUDAS LILLADHER PRIVATE LIMITED MUMBAI, India
Prime broker SOCIETE GENERALE (SWAP) GENVEA, Switzerland
Prime broker SPARK CAPITAL ADVISORS CHENNAI, India
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG
PCAOB 185

Fund details & source
Fund ID
805-4823121119
Reported beneficial owners
32
Minimum commitment
$100K
Form D file number
021-535520
Form D file number
021-537169

Form ADV 2076920 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TARA INDIA SYSTEMATIC ALPHA (INCORPORATED VCC SUB-FUND)Hedge Fund · Last reported Mar 31, 2026$5.21MGross asset value

Feeder funds

Fund administrator APEX FUND SERVICES (MAURITIUS) LTD EBEN, Mauritius Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG NEW YORK, New York, United States
Custodian SBM BANK (MAURITIUS) LTD PORT LOIS, Mauritius Related to adviser: No
Custodian STANDARD CHARTERED BANK MUMBAI, India Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG
PCAOB 185

Fund details & source
Fund ID
805-3516908708
Reported beneficial owners
7
Minimum commitment
$100K
Form D file number
021-497046
Form D file number
021-497087

Form ADV 2076920 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STAR-GLOBAL EQUITIES MASTER FUND, LTD.Hedge Fund · Last reported Mar 29, 2016$5.47MGross asset value

Feeder funds

Fund administrator VITEOS FUND SERVICES SOMERSET, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG NEW YORK, New York, United States
Custodian WINTRUST FUNDS GROUP CHICAGO, Illinois, United States Related to adviser: No
Prime broker GOLDMAN, SACHS & CO. NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

GOLDMAN, SACHS & CO.
CRD 361 · SEC 8-129

Fund details & source
Fund ID
805-1522904274
Reported beneficial owners
8
Minimum commitment
$5M
Form D file number
021-217545

Form ADV 972006 · Mar 29, 2016 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TARA CAPITAL LLCHedge Fund · Last reported Mar 17, 2017$1.66MGross asset value
Custodian BANCO SANTANDER LIVINGSTON, New Jersey, United States Related to adviser: No
Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No
Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States
Provider details
Annual audit
No
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

INTERACTIVE BROKERS LLC
SEC 8-47257

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

Fund details & source
Fund ID
805-9059681603
Reported beneficial owners
1
Minimum commitment
$100K

Form ADV 1085133 · Mar 17, 2017 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

47 MAPLE STREET, 303 A
SUMMIT, NJ, 07901, United States

CRD 164189

Filing source

Form ADV 2076920 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.