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

Adviser Profile

As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 4
of those in investment advisory functions 3
Registration SEC, Approved, 10/04/2013
AUM* 310,705,033 -17.56%
of that, discretionary 310,705,033 -17.56%
Private Fund GAV* 310,705,033 -17.56%
Avg Account Size 103,568,344 -17.56%
SMA’s No
Private Funds 2
Contact Info (21 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
452M 388M 323M 258M 194M 129M 65M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$310,705,033

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 OBRIEN GREENE & CO INC Hedge Fund14.6m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV14.6m AUM391.5m #Funds1
Adviser KALEIDOSCOPE CAPITAL Hedge Fund455.7m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV455.7m AUM435.7m #Funds3
Adviser TRADELINK CAPITAL LLC Hedge Fund340.3m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV340.3m AUM330.2m #Funds2
Adviser LEPERCQ DE NEUFLIZE ASSET MANAGEMENT LLC Hedge Fund475.3m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV475.3m AUM524.6m #Funds1
Adviser IKARIAN CAPITAL Hedge Fund473.1m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV473.1m AUM565.2m #Funds1
Adviser PL CAPITAL ADVISORS, LLC Hedge Fund304.9m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV304.9m AUM304.9m #Funds4
Adviser CALIXTO GLOBAL INVESTORS, LP Hedge Fund361.6m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV361.6m AUM488.8m #Funds1
Adviser LUMINA FUND MANAGEMENT LLC Hedge Fund- Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV- AUM7.0m #Funds-
Adviser BURKEHILL GLOBAL 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 AUM1.2b #Funds5
Adviser NORTHERN RIGHT CAPITAL MANAGEMENT, L.P. Hedge Fund311.8m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV311.8m AUM380.0m #Funds1

Brochure Summary

Overview

A. ADVISORY FIRM Krensavage Asset Management, LLC (“KAM”) is an investment management firm that has been registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser since September 2013. It was organized as a Delaware limited liability company in 2008. KAM is owned by Michael Paul Krensavage, who is the controlling principal of KAM (the “Managing Member”). B. SERVICES KAM provides investment advisory services and serves as the discretionary investment manager of Krensavage Partners, LP, a Delaware limited partnership (“Krensavage Partners”), Krensavage Offshore Fund, Ltd., a Cayman exempted company (“Krensavage Offshore”) and Krensavage Partners Too, LP, a Delaware limited partnership (“Krensavage Partners Too”)(each of Krensavage Partners, Krensavage Offshore, and Krensavage Partners Too are referred to herein as a “Fund” and together, as the “Funds”). Krensavage Offshore is a feeder fund into Krensavage Partners. KAM pursues a concentrated value-oriented, approach to investing focused on the healthcare sector. The Funds invest their assets in securities according to KAM’s proprietary investment strategy. As the investment manager to the Funds, KAM is responsible for: (a) the formulation and implementation of the Funds’ investment strategy; (b) evaluating and monitoring investments made by the Funds; and, (c) making all investment decisions for the Funds. Krensavage Advisors, LLC (“Krensavage Advisors”), an affiliate of KAM, acts as the general partner of Krensavage Partners. As general partner, Krensavage Advisors is ultimately responsible for the management of Krensavage Partners. Krensavage Advisors Too, LLC (“Krensavage Advisors Too”), an affiliate of KAM, acts as the general partner of Krensavage Partners
Too. As general partner, Krensavage Advisors Too is ultimately responsible for the management of Krensavage Partners Too. Krensavage Advisors and Krensavage Advisors Too are herein referred to as the “General Partners”. As noted, KAM is retained by each Fund to act as such Fund’s discretionary investment adviser. The specific terms and conditions applicable to the Funds, as well as each Fund’s investment focus, investment guidelines, and investment restrictions, if any, are described in each Fund’s confidential private placement memorandum or confidential explanatory memorandum (each a “Memorandum”). This document is neither an offer to sell nor a solicitation of an offer to buy interests in or shares of either Fund. Such an investment may be made only after receipt and review of the applicable Memorandum. Upon request to KAM, a copy of each Memorandum is available to persons meeting applicable investor eligibility criteria. Each Memorandum contains important information concerning risk factors and other material aspects of the applicable Fund(s) and must be read carefully before any decision whether to invest is made. The information in this document is qualified in its entirety by, and should be read in conjunction with, the information contained in each Fund’s Memorandum. C. TAILORED RELATIONSHIPS KAM provides investment advisory services to the Funds based on the investment objectives of the Funds. KAM does not provide tailored investment advice to the Limited Partners or Shareholders in the Funds. D. WRAP FEE PROGRAMS KAM does not participate in and is not a sponsor of any wrap fee program. E. ASSETS UNDER MANAGEMENT KAM managed a total of approximately $310,705,033 in regulatory assets under management (RAUM) as of December 31, 2023 on a discretionary basis.