9AT: AXAR CAPITAL MANAGEMENT LP

other names

AXAR CAPITAL MANAGEMENT LP

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 06/24/2015
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	3,598,944,023 40%
of that, discretionary	3,598,944,023 40%
Private Fund GAV^*	2,016,641,570 11%
Avg Account Size	143,957,761 29%
SMA’s	Yes
Private Funds	22 3

Adviser Type

- Large advisory firm

Number of Employees 13

of those in investment advisory functions 9 50%

Client Types

- Pooled investment vehicles
- Insurance companies
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count5	GAV$244,803,743
Fund TypePrivate Equity Fund	Count17	GAV$1,771,837,827

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser 26NORTH	Hedge Fund-	Liquidity Fund-	Private Equity Fund16.0b	Real Estate Fund-	Securitized Asset Fund2.0b	Venture Capital Fund-	Other Fund134.9m	Total Private Fund GAV18.1b	AUM32.7b	#Funds55
Adviser RIDGELINE PRODUCTIONS LLC	Hedge Fund93.1m	Liquidity Fund-	Private Equity Fund22.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV115.4m	AUM115.4m	#Funds14
Adviser CERTUITY, LLC	Hedge Fund101.4m	Liquidity Fund-	Private Equity Fund679.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund137.3m	Total Private Fund GAV918.0m	AUM3.3b	#Funds34
Adviser ABRY PARTNERS II, LLC	Hedge Fund1.6b	Liquidity Fund-	Private Equity Fund13.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV14.9b	AUM14.9b	#Funds34
Adviser CLEARWATER CAPITAL PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund894.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV894.4m	AUM-	#Funds10
Adviser VITRUVIAN PARTNERS LLP	Hedge Fund99.5m	Liquidity Fund-	Private Equity Fund22.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV22.7b	AUM-	#Funds28
Adviser GAVEA INVESTIMENTOS LTDA	Hedge Fund235.2m	Liquidity Fund-	Private Equity Fund119.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV355.0m	AUM-	#Funds15
Adviser RAINE CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.5b	AUM2.8b	#Funds47
Adviser GREAT POINT PARTNERS, LLC	Hedge Fund560.2m	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.8b	AUM1.8b	#Funds19
Adviser DRAGONEER INVESTMENT GROUP, LLC	Hedge Fund14.2b	Liquidity Fund-	Private Equity Fund24.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund290.0m	Total Private Fund GAV38.8b	AUM37.0b	#Funds76

Brochure Summary

Overview

A. The Adviser is a Delaware limited partnership and has its principal place of business in New York, New York. The Adviser provides discretionary investment advisory services to various pooled investment vehicles (each a “Fund” and, collectively, the “Funds”), separately managed accounts (each a “Managed Account” and, collectively, the “Managed Accounts”), and an insurance company (the “Insurance Company” and, together with the Funds and the Managed Accounts, the “Clients” or “Client Accounts”). Interests in the Funds are offered to certain sophisticated, qualified investors, including: high net worth individuals, retirement plans, trusts, partnerships, corporations, insurance companies, or other businesses. The Adviser was formed in 2015 by its general partner, Axar GP LLC, and the Adviser’s portfolio manager, Andrew M. Axelrod (the “Principal”). B. The Adviser’s primary investment objective is to generate positive risk-adjusted returns. The Adviser maintains multiple active management strategies. The Adviser’s general strategy employs an opportunistic, value-oriented investment strategy supported by an analytical, fundamental research approach to identifying and assessing intrinsic value. The Adviser employs a Fixed Income focused strategy with

respect to the Insurance Company. C. While the Funds and the Managed Accounts will follow the general strategy stated above, the Adviser may tailor the specific advisory services with respect to each Client based on the particular investment objectives and strategies described in the applicable Client’s (i) confidential offering memorandum or separate account agreement (as applicable) and (ii) governing documents, including but not limited to an investment management agreement (referred to collectively as “Governing Documents”). Managed account clients may impose restrictions on investing in certain securities or types of securities. All discussion of the Clients in this Brochure, including but not limited to their investments, the strategies used in managing the Clients, and conflicts of interest faced by the Adviser in connection with the management of the Clients are qualified in their entirety by reference to each Client’s respective Governing Documents. D. The Adviser does not participate in wrap fee programs. E. As of December 31, 2023, the Adviser manages approximately $2,566,000,000 in discretionary regulatory assets under management. The Adviser does not manage any assets on a non- discretionary basis.

AXAR CAPITAL MANAGEMENT LP

Adviser Profile

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