PAR CAPITAL MANAGEMENT, INC.

other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}
cb

Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 13
of those in investment advisory functions 7
Registration SEC, Approved, 02/10/2012
AUM* 2,830,095,878 35.60%
of that, discretionary 2,830,095,878 35.60%
Private Fund GAV* 2,830,095,878 35.60%
Avg Account Size 2,830,095,878 35.60%
SMA’s No
Private Funds 1
Contact Info 617 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
8B 6B 5B 4B 3B 2B 1B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$2,830,095,878

Similar advisers

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 PERMIAN Hedge Fund1.4b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.4b AUM2.2b #Funds3
Adviser SBB RESEARCH GROUP LLC Hedge Fund2.3b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.3b AUM2.5b #Funds11
Adviser GHISALLO CAPITAL MANAGEMENT LLC Hedge Fund2.8b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.8b AUM2.8b #Funds2
Adviser HOLLIS PARK PARTNERS LP Hedge Fund1.8b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.8b AUM1.8b #Funds1
Adviser CARLSON CAPITAL, L.P. Hedge Fund1.7b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.7b AUM2.0b #Funds13
Adviser OLD ORCHARD CAPITAL MANAGEMENT LP Hedge Fund2.3b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.3b AUM2.4b #Funds1
Adviser ARGYLE STREET MANAGEMENT LIMITED Hedge Fund1.8b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.8b AUM2.1b #Funds10
Adviser TOMS CAPITAL INVESTMENT MANAGEMENT LP Hedge Fund1.3b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.3b AUM2.2b #Funds1
Adviser PRANA CAPITAL MANAGEMENT LP Hedge Fund1.6b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.6b AUM2.6b #Funds1
Adviser COHEN KLINGENSTEIN, LLC Hedge Fund2.0b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.0b AUM2.5b #Funds1

Brochure Summary

Overview

PAR Capital Management, Inc. (the “Adviser”) is a Delaware corporation that was organized in March 1992 to serve as the investment adviser to PAR Investment Partners, L.P., a Delaware limited partnership (the “Partnership”). The general partner of the Partnership is PAR Group II, L.P. (“PAR Group”), and the Adviser is the general partner of PAR Group. The principal owner of the Adviser is Paul A. Reeder, III. As of December 31, 2023, Steven M. Smith and Marc Zimman are also shareholders of the Adviser. Certain employees of the Adviser may also invest in PAR Group. The Adviser does not act as investment adviser to any person or entity other than the Partnership and
PAR Group conducts no business other than acting as general partner to the Partnership. The Partnership’s investment objectives are set forth in its offering documents. Investors in the Partnership do not have the ability to impose specific investment objectives or restrictions on the Partnership. As of December 31, 2023, the Adviser managed approximately $1,706,151,567 of assets on behalf of the Partnership, after taking into account year-end withdrawals. This amount represents the approximate “net asset value” of the Partnership, and not the “regulatory assets under management,” as of such date. All assets of the Partnership are managed on a discretionary basis.