Brief Description of Our Firm
Coast Capital Management, LP is a Delaware limited partnership (hereinafter “Coast,” “Coast
Capital,” “we”, “us”, “our” or the “Firm”) organized on July 7, 2017. Coast Capital registered
with the SEC as an investment adviser pursuant to the Investment Advisers Act of 1940, as
amended (the “Advisers Act”) on September 26, 2017.
Principal Owners
Coast Capital’s investment team consisting of James Rasteh, Chad Tappendorf and Amitaabh
Sahai own 100% of the equity interests of Coast Capital.
Coast Capital Management GP, LLC serves as the General Partner of Coast and is responsible
for its management. James Rasteh is the sole member of Coast Capital Management GP, LLC
and serves as its Manager.
Types of Advisory Services-Discretionary
Coast specializes in the management of equity securities through its active or engaged
investment process.
Funds
Coast serves as the investment adviser, with discretionary trading authority, to various private
pooled investment vehicles, the securities of which are offered to qualified investors on a
private placement basis, including: Coast Capital Engaged Offshore Fund, Ltd. a Cayman
Islands exempted company (the “Engaged Offshore Fund”); Coast Capital Engaged Fund, LP, a
limited partnership (the, “Engaged Onshore Fund”) and Coast Capital Engaged Master Fund,
LP, a limited partnership (the “Engaged Master Fund,” and collectively with the Engaged
Onshore Fund and Engaged Offshore Fund where applicable, the “Engaged Fund”); Coast
Capital Midas Fund, LP, a limited partnership (the “Midas Onshore Fund”); Coast Capital Midas
Offshore Fund Ltd. a Cayman Islands exempted company (the “Midas Offshore Fund”); and
Coast Capital Midas Master Fund, LP, a Cayman Islands exempted limited partnership (the
“Midas Master Fund” and collectively with the Midas Onshore Fund and Midas Offshore fund
where applicable, the “Midas Fund”). From time to time Coast may also serve as the
investment adviser, with discretionary trading authority to certain special purpose
investment vehicles (“SPV”) that may, among other things, co-invest alongside the
aforementioned funds. The Engaged Fund, Midas Fund and SPV are herein collectively
referred to as the “Funds”.
Separately Managed Accounts
The Firm also manages Separately
Managed Accounts (the “SMAs”). The Funds and the SMAs
are herein collectively referred to as the “accounts” or “clients”.
Types of Advisory Services-Non-Discretionary
Coast may also provide investment management services to clients on a non-discretionary
basis whereby it enters into an advisory or consulting arrangement to provide research and
analysis specific to a particular security or securities, but the client makes the sole
determination whether to transact in that security or securities.
The Funds’ “Limited Partners” and “Shareholders” together with clients that fund a “SMA”
account are hereafter collectively referred to as the “Investors” where appropriate. We do
not tailor our advisory services to the individual needs of any particular Investor.
This Brochure does not constitute an offer to sell or a solicitation of an offer to buy any
securities. The Funds’ securities are offered and sold on a private placement basis under
exemptions promulgated under the “Securities Act” of 1933 and other applicable state, federal
or non-U.S. laws. Significant suitability requirements apply to prospective investors in the
Funds, including requirements that they be “accredited investors” as defined in Securities Act
and “qualified purchasers” as defined in the Investment Company Act of 1940. Persons
reviewing this Brochure should not construe this as an offer to sell or a solicitation of an offer
to buy the securities of any of the Funds described herein. Any such offer or solicitation will be
made only by means of a confidential private placement memorandum.
Coast’s investment decisions and advice with respect to each Fund are subject to each Fund’s
investment objectives and guidelines, as set forth in its respective offering documents.
Coast will not consider any other securities, cash or investments owned by an Investor when
managing an Investors’ assets. Coast will not consider an Investor’s financial circumstances or
investment objectives outside of Coast’s area of active equity management.
Coast does not currently participate in any Wrap Fee Programs.
Assets Under Management
The Firm has regulatory assets under management of $114,627,855 all managed on a
discretionary basis.