CASPIAN CAPITAL, LP

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm

Number of Employees:

26 4.00%

of those in investment advisory functions:

11 22.22%

Registration:

SEC, Approved, 4/7/2011

AUM:

5,057,526,000 5.48%

of that, discretionary:

5,057,526,000 5.48%

GAV:

3,732,987,000 0.83%

Avg Account Size:

389,040,462 13.60%

SMA’s:

YES

Private Funds:

9

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
5B 4B 3B 3B 2B 1B 685M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Euro zone poised for five-year post-pandemic consumption boom -Wunsch
04/06/2021

FRANKFURT (Reuters) - The euro zone economy is poised for up to five years of private consumption above pre-pandemic levels once Europe's households are able to spend freely again, European Central Bank (ECB) policymaker Pierre Wunsch forecast on Tuesday ...

Yahoo Finance

Big exits at Goldman Sachs - Banker WFH burnout - Why hedge funds love SPACs
03/06/2021

"The greedy part of me would love" to launch a SPAC, said Adam Cohen, who runs the credit-focused hedge fund Caspian Capital. "The moral and ethical part of me doesn't want to play into this nonsense.

businessinsider.in

Big exits at Goldman Sachs - Banker WFH burnout - Why hedge funds love SPACs
03/06/2021

"The greedy part of me would love" to launch a SPAC, said Adam Cohen, who runs the credit-focused hedge fund Caspian Capital. "The moral and ethical part of me doesn't want to play into this nonsense.

MSN

Big exits at Goldman Sachs - Banker WFH burnout - Why hedge funds love SPACs
03/06/2021

“The greedy part of me would love” to launch a SPAC, said Adam Cohen, who runs the credit-focused hedge fund Caspian Capital. “The moral and ethical part of me doesn’t want to play into ...

businessinsider.com.au


Private Funds Structure

Fund Type Count GAV
Hedge Fund 8 $3,555,727,000
Private Equity Fund 1 $177,260,000

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Private Funds



Employees




Brochure Summary

Overview

A. Caspian Capital LP, formed in October 2010, is an investment advisory services firm specializing in alternative investment management. The principal owners of our firm are Adam S. Cohen and David N. Corleto (the “Principals”). The first Caspian fund was established in 1997 when Caspian was part of another institution. We use the terms “Caspian,” “our,” “us,” and “we” in this brochure to refer to Caspian Capital LP and various affiliates and related entities that are also involved in conducting our business. B. Caspian specializes in offering investment management services to private investment funds and similar institutional accounts. Caspian also provides sub- advisory services on behalf of an open-end investment company registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and an investment company incorporated in Ireland. In providing our advisory services, our objective is to achieve capital appreciation over the long term by applying a flexible and opportunistic approach to investing which involves evaluating the current attractiveness of various asset classes, including bank loans, bonds, equities, speculative investments, and cash equivalents. We are permitted to trade and make investments in public and private debt and equity securities. Consistent with this opportunistic approach, however, there are no fixed limitations or diversification requirements as to specific asset classes in which we invest. We use the term “Caspian Funds” in this brochure to refer to the private funds and dedicated investor funds that we sponsor,
manage, and advise. We use the term “Managed Account” with respect to our sub-advisory agreement with the regulated investment company (“RIC Account”) and the investment company incorporated in Ireland (“UCITS Account”) and investment company incorporated in the Cayman Islands (“Cayman Account”) and Managed Account agreements with private funds not sponsored by Caspian. Also, we use the term “Client” when referring to our advisory relationships collectively. C. Caspian tailors its advisory services to the specified investment mandates of our Clients. Our Principals have sole discretion over the allocation of the assets of the Caspian Funds and adhere to the investment strategy set forth in the Caspian Funds’ private placement memoranda and the investment guidelines as may be agreed to for certain Caspian Funds and the Managed Account clients. Investors in some Caspian Funds can impose restrictions on investing in certain types of investments. In these cases, we are permitted to avoid investing in the restricted positions on behalf of the entire Caspian Fund or exclude the affected investors from participating in these positions and allocate profits and losses with respect to these positions separately from the rest of the Caspian Fund’s portfolio. These types of terms are all arranged on a case-by-case basis. D. We do not participate in wrap fee programs. As of December 31, 2022, we advised or managed client assets in the amount of approximately $4,794,675,000 (calculated as Regulated Assets Under Management), all of which are managed on a discretionary basis.