Investment adviser · CRD 321192

SYSTEM 2 CAPITAL LLP

Exempt reporting adviser (ERA)

Exempt reporting advisers use a shorter Form ADV report. Some adviser-level figures are not reported; fund disclosures appear below when available.

LONDON, United Kingdom · Form ADV filed Mar 3, 2026

Adviser-level assets, account counts and staffing figures are unavailable in this filing. View the reported fund disclosures below →

Private funds & service providers

1 Private fund

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

SYSTEM 2 MASTER FUND LIMITEDHedge Fund · Last reported Mar 3, 2026$762MGross asset value

Feeder funds

Fund administrator SS&C FINANCIAL SERVICES LLC CAMANA BAY, GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP GRAND CAYMAN, Cayman Islands
Custodian BNP PARIBAS LONDON, United Kingdom Related to adviser: No
Custodian GOLDMAN SACHS INTERNATIONAL LONDON, United Kingdom Related to adviser: No
Custodian MORGAN STANLEY & CO. INTERNATIONAL PLC LONDON, United Kingdom Related to adviser: No
Prime broker BNP PARIBAS LONDON, United Kingdom
Prime broker GOLDMAN SACHS INTERNATIONAL LONDON, United Kingdom
Prime broker MORGAN STANLEY & CO. INTERNATIONAL PLC LONDON, United Kingdom
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 1323

GOLDMAN SACHS INTERNATIONAL
LEI W22LROWP2IHZNBB6K528

Fund details & source
Fund ID
805-6132844623
Reported beneficial owners
50
Minimum commitment
$1M
Form D file number
021-366656
Form D file number
021-370724

Form ADV 2063696 · Mar 3, 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.

Services & filing details

Most recent filing: Mar 3, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

5-10 BOLTON STREET
LONDON, W1J 8BA, United Kingdom

CRD 321192

Filing source

Form ADV 2063696 · Mar 3, 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.