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Adviser Profile

As of Date 03/21/2024
Adviser Type - Large advisory firm
Number of Employees 10 25.00%
of those in investment advisory functions 8 33.33%
Registration SEC, Approved, 04/06/2017
AUM* 2,562,777,731 24.46%
of that, discretionary 2,562,777,731 24.46%
Private Fund GAV* 1,601,787,876 26.63%
Avg Account Size 366,111,104 24.46%
SMA’s No
Private Funds 1
Contact Info 203 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 882M 588M 294M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$1,601,787,876

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Top Holdings

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Stck Ticker09247X101 Stock NameBLACKROCK INC $ Position$91,919,215 % Position4.00% $ Change23.00% # Change2.00%
Stck Ticker03769M106 Stock NameAPOLLO GLOBAL MGMT INC $ Position$67,658,501 % Position3.00% $ Change16.00% # Change10.00%

Brochure Summary

Overview

Prana Capital Management LP (“Prana” or the “Adviser”), a Delaware limited partnership, is an investment adviser formed on June 28, 2016. Prana Capital Management GP, LLC, a Delaware limited liability company, is the general partner of Prana, and Peter Seuss (the “Portfolio Manager”) is the principal owner and managing member of Prana Capital Management GP, LLC. Prana currently provides discretionary investment advisory services to the following private pooled investment vehicles: Prana Absolute Return Fund LP (“the Partnership”), a Delaware limited partnership, and PARF-Offshore Ltd. (the “Offshore Feeder”), a Cayman Islands exempted company (collectively referred to herein as the “Fund”). An affiliate of Prana serves as the sponsor and general partner of the Partnership (the “General Partner”). Prana’s clients also include private funds for which Prana is a sub- adviser (the “Sub-Advisory Funds,” collectively with the Fund, the “Clients”). Pursuant to the Clients’ offering memorandum, limited partnership agreements, articles of memorandum and association, subscription documents and/or sub-advisory agreements, as applicable (collectively the “Governing Documents”), the Clients engage in long/short equity strategies in order to pursue attractive
absolute rates of return and low relative volatility in any market environment. The Clients attempt to profit by focusing on fundamental investing within the context of a proprietary, custom-built analytical framework, the natural knowledge advantage created from its coverage model approach and portfolio construction capabilities. The Fund offers interests (“Interests”) to certain qualified investors as described in response to Item 7, below (such investors or prospective investors, collectively with investors in the Sub-Advisory Funds unless the context requires otherwise, are referred to herein as “Investors”). Advisory services are tailored to achieve the Clients’ investment objectives. Generally, Prana has the authority to select which and how many securities and other instruments to buy or sell without consultation with the Clients or their Investors. Prana does not tailor its advisory services to the individual needs of investors in the Fund (“Fund Investors”) and does not accept Fund Investor imposed investment restrictions. Prana does not participate in wrap fee programs. As of December 31, 2023, Prana has approximately $2.5 billion in regulatory assets under management on a discretionary basis.