Formed in December 2010, Axonic Capital LLC (“Axonic”) serves as investment manager to the investment funds described below. Clayton DeGiacinto is the principal owner of, and controls, Axonic, which is dependent on the services of Mr. DeGiacinto and other key personnel to perform its services to its clients. Axonic manages the following structured credit funds (“Structured Credit Funds”):
• Axonic Credit Opportunities Master Fund, LP and (i) its feeder funds: Axonic Credit Opportunities Overseas Fund, Ltd. and Axonic Credit Opportunities Fund, LP
• OC 523 Master Fund, Ltd.
• Axonic PG Structured Credit Fund, LP, and its feeder fund: Axonic PG Structured Credit Overseas Fund, Ltd.
• Axonic Special Opportunities SBL Master Fund, LP, and its feeder fund: Axonic Special Opportunities SBL Overseas Fund, Ltd.
• Axonic CRE Distressed Fund, LP
• Burgundy 523 Offshore Fund, Ltd.
• Axonic Commercial Real Estate Fund II, LP
• Axonic Commercial Real Estate Debt Master Fund, LP and its feeder fund: Axonic Commercial Real Estate Debt Fund, Ltd, Axonic Commercial Real Estate Debt Fund 3, Ltd, Axonic Commercial Real Estate Debt Fund 4, Ltd, Axonic Commercial Real Estate Debt Fund 5, Ltd, and Axonic Commercial Real Estate Debt Fund 6, Ltd
• Axonic Structured Opportunities Master Fund, LP and its feeder fund: Axonic Structured Opportunities Fund, LP and Axonic Structured Opportunities Overseas Fund, LP
• Axonic Multifamily Bridge Overseas Fund, Ltd, Axonic Multifamily Bridge Fund, LP and Axonic Multifamily Bridge Master Fund, LP
• Axonic Real Estate Debt Fund I LLC and its wholly owned subsidiary: Axonic Real Estate Debt Fund I Operating Company LLC
• Axonic Private Credit Master Fund I, LP and (i) its feeder funds: Axonic Private Credit Fund I, LP and Axonic Private Credit Overseas Fund I, LP
• Axonic Coinvest I, LP
• Axonic SASB I, LP
• Axonic International Fund, LP
• Axar FI Management LP
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Axonic SAP-2
• PassIM QIAIF Ireland ICAV Axonic manages the following systematic arbitrage funds (“Systematic Arbitrage Funds”):
• Axonic Systematic Arbitrage Master Fund, LP, and its feeder funds: Axonic Systematic Arbitrage Overseas Fund, Ltd. and Axonic Systematic Arbitrage Fund, LP. The Structured Credit Funds and the Systematic Arbitrage Funds are herein collectively referred to as the “Funds.” Axonic is an advisor to the following funds registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”):
• Axonic Alternative Income Fund (the “1940 Act Interval Fund”)
• Axonic Strategic Income Fund (the “1940 Act Daily Fund” and together with the 1940 Act Interval Fund, the “1940 Act Funds”) The Firm and the general partners of the Funds organized as limited partnerships are controlled, and, directly or indirectly, principally owned, by Clayton DeGiacinto. Accordingly, the Firm, these general partners and certain of the Funds may be deemed to be under common control. Axonic’s clients consist of the Funds and the Structured Credit Accounts, and its investment advice is tailored to the principal investment objective for each client. See Item 8: Methods of Analysis, Investment Strategies and Risk of Loss. Investment restrictions (if any) for each client are set forth in the offering documents for the applicable Fund or the investment management agreement for the applicable Structured Credit Managed Account. Investors in the Funds include limited partners in feeder Funds organized as limited partnerships and stockholders in feeder Funds formed as companies and are herein, together with the investors in the Structured Credit Accounts (unless the context otherwise requires), collectively referred to as the “Investors.” As of December 31, 2023, Axonic managed $6,300,758,525 in regulatory assets under management and $4,183,253,304 in net assets on a discretionary basis on behalf of its clients.