A San Francisco hedge fund with a long operating history is shutting its doors.
SoMa Equity Partners is returning capital to investors, three people familiar with the manager told Themoneytimes. According to regulatory filings, the technology-focused equity investor managed about $2 billion and was led by former Apex Capital chief investment officer Gil Simon.
The firm has not disclosed why it is closing, although Simon wrote in a LinkedIn post on Tuesday that the move marked the “end of an era.”
“So much love and appreciation for my SoMa fam, our investors, partners, and friends,” the post said.
SoMa and its founder, Simon, did not immediately respond to requests for comment.
Launched in 2016, the fund said on its website that its location and investment philosophy gave it a distinctive ability to identify and profit from technology opportunities. Regulatory filings show that its largest positions included major global companies such as Nvidia, Amazon, and Alphabet, Google’s parent company.
The firm’s 2026 performance is unclear, but regulatory filings indicate that its total assets have declined in recent years after surpassing $4 billion in 2021. Data compiled by institutional investor data provider Old Well Labs show that the foundation of billionaire Google cofounder Larry Page and Citigroup’s corporate pension were among its backers at one point.
Technology-focused managers have had a strong year. The average manager investing in technology, media, and telecommunications companies has gained 19% through the end of August, according to hedge fund research firm PivotalPath.
In his LinkedIn post, Simon praised the efforts of his small team and suggested that a new project is in development.
“Excited for what’s next!” he wrote on LinkedIn.