Saltoro Capital, LP (“Saltoro” the “Firm,” “we,” or “our”) is an investment advisory Firm which was founded in 2012
by Mr. Vishal Bhutani, the Firm’s principal owner. We provide investment management services to various clients
including a private pooled investment vehicle in a master-feeder structure.
The Firm provides discretionary investment advisory and sub-advisory services to (i) private pooled investment
vehicles (“Fund” or “Funds”), including Saltoro Alpha, LP, a Cayman Islands exempted company (the “Master
Fund”), and Saltoro Alpha Fund, L.P., a Delaware limited partnership which invests substantially all of its assets in
Saltoro Alpha, L.P. (collectively, the “Fund Clients”), and (ii) separately managed accounts of unaffiliated pooled
investment vehicles (the “Managed Client Account” and collectively with the Fund Clients, the “Clients”).
The investment objectives, strategies, terms, conditions and restrictions applicable to (i) the Fund Clients are
described in their respective confidential private placement memorandum and governing documents (referred to
collectively as the “Offering Documents”) and (ii) the Managed Client Account are set forth in its respective
investment management or sub-advisory agreement between the Managed Client Account and the Firm (the “Sub-
Advisory Agreement”). An investment in a Fund Client does not, in and of itself,
create an advisory or other
relationship between an investor in such Fund Client and Saltoro. Investors generally are not permitted to impose
restrictions or limitations on the management of the Fund Clients. We specialize in investing our Client’s assets in
catalyst-driven investments across the capital structure of U.S. and non-U.S. issuers. Information about each Fund
Client is set forth in its applicable Offering Documents. See Item 8 below.
An investment in a Fund Client does not, in and of itself, create an advisory or other relationship between an
investor in such Fund Client and Saltoro. Investors generally are not permitted to impose restrictions or limitations
on the management of the Fund Clients.
A Managed Client Account may impose investment guidelines, limitations and other restrictions or terms on the
management of its Managed Account pursuant to the applicable Sub-Advisory Agreement. The Managed Client
Account may also have certain portfolio liquidity, concentration and exposure (or other) limits, in addition to being
prohibited from trading specified instruments, without the prior written consent of the underlying investment
manager of such Managed Client Account.
Regulatory Assets Under Management
As of December 31, 2023, Saltoro managed approximately $104,150,203 of advisory assets, all of which were on a
discretionary basis.