San Francisco Hedge Fund SoMa Equity Partners Closed
The firm, which managed $2 billion in assets, is returning capital to its investors after a decade of operations.
Updated on Sept. 22, 2026 in Investing
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SoMa Equity Partners, a San Francisco-based hedge fund, has announced it is closing its doors and returning capital to investors. The firm, founded in 2016, previously managed assets that reached a peak of over $4 billion in 2021.
Why it matters
The closure marks the end of a firm that once held significant positions in major technology stocks like Nvidia, Amazon, and Alphabet. For investors and institutional backers like Citigroup's corporate pension and Larry Page's foundation, the return of capital represents a shift in their portfolio allocations.
The firm managed approximately $2 billion in assets at the time of its closure, down from a peak valuation of over $4 billion in 2021.
The players
SoMa Equity Partners
A San Francisco-based hedge fund that managed up to $4 billion in assets and invested in major tech stocks.
Gil Simon
The founder and manager of SoMa Equity Partners who is overseeing the return of capital to investors.
The details
Founder Gil Simon is returning capital to investors as he winds down the San Francisco-based firm. The fund previously concentrated on technology-focused investments, holding stakes in companies such as Nvidia, Amazon, and Alphabet. Simon, who has managed the firm since its 2016 inception, now plans to transition to a new professional venture.
Timeline
2016: SoMa Equity Partners launched in San Francisco.
2021: The firm's assets reached a peak of over $4 billion.
September 15, 2026: Gil Simon published a LinkedIn post confirming the closure.
Money Landscape
The closure of SoMa Equity Partners reflects the shifting environment for active equity managers in a volatile tech market. This development follows broader performance trends observed throughout the 2026 tech stock market cycle.
Investors who had capital placed with the firm will receive their remaining balances as the entity wraps up operations. Those affected should contact their financial professional to discuss the tax implications and reinvestment of these distributed funds.
The takeaway
When a fund closes and returns capital, it is an opportunity to review your overall asset allocation strategy. Ensure you consult with a qualified tax or financial professional to determine the most efficient way to redeploy any returned cash according to your long-term goals.
Further reading
For more on navigating shifts in your portfolio, see Investing.
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