RADCLIFFE CAPITAL MANAGEMENT, L.P. other names

{{ Info.Overview }}
Revenue: {{ Info.Revenue | formatUSD }} Headquarters: {{ Info.Headquarters }}

Adviser Profile

As of Date:

03/29/2023

Adviser Type:

- Large advisory firm


Number of Employees:

22

of those in investment advisory functions:

12


Registration:

SEC, Approved, 1/24/2006

AUM:

5,805,732,007

of that, discretionary:

5,805,732,007


SMA’s:

YES

Private Funds:

6

Websites (details):
Contact info

Phone: 610-617-5900

Fax: 610-617-0580

Client Types:

- Pooled investment vehicles
- State or municipal government entities
- Corporations or other businesses not listed above
- Other

Advisory Activities:

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments:

- A percentage of assets under your management
- Performance-based fees

Reported AUM

Discretionary
Non-discretionary
4B 3B 3B 2B 2B 1B 570M
2018 2019 2020 2021

Recent News

Radcliffe Capital Management, L.P. Buys Global Consumer Acquisition Corp, Shelter Acquisition ...
08/18/2021

Related Stocks: IPOF, TREB, IVAN, LCAHU, LCAHU, RMGB, SHQAU, GACQU, AAC, JWSM, CFIV, QFTA, AAC.U, JWSM.U, PMGMU, LGACU, FSNB.U, BLUA.U,

gurufocus.com

Money Stuff: Imaginary Invoices Are Hard to Collect
04/06/2021

“It’s creating mark-to-market losses, but also extraordinary opportunity,” according to Steve Katznelson, chief investment officer at Radcliffe Capital Management ... sell it to money-market funds at a 0.2% yield and you are in business.

Bloomberg

Crypto market cap soars to record $2 trillion, bitcoin at $1.1 trillion
04/05/2021

NEW YORK (Reuters) - The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and ...

news.yahoo.com

Do-Nothing SPACs Sag, Offering Investors a $1.1 Billion Return
04/05/2021

“It’s creating mark-to-market losses, but also extraordinary opportunity,” according to Steve Katznelson, chief investment officer at Radcliffe Capital Management. The possibility stems from how SPACs are created. The investment vehicles go ...

Yahoo Finance

Do-Nothing SPACs Sag, Offering Investors a $1.1 Billion Return
04/05/2021

“It’s creating mark-to-market losses, but also extraordinary opportunity,” according to Steve Katznelson, chief investment officer at Radcliffe Capital Management. The possibility stems from how SPACs are created. The investment vehicles go ...

bloombergquint.com

BlackRock Capital Investment Corp.
03/31/2021

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...

Barrons


Private Funds Structure

Fund Type Count GAV
Hedge Fund 5 $4,279,111,791
Other Private Fund 1 $663,338,985

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund
ADVANTAGE ADVISERS MANAGEMENT, LLC 524m - - - - - 141.5m
PRIVATE CAPITAL MANAGEMENT, LLC 119.8m - - - - - 33.5m
MILLBURN RIDGEFIELD CORPORATION 146m - - - - - 39.5m
NORTHLIGHT GROUP LLP 122.5m - - - - - 32.9m
ALPHAGEN CAPITAL LIMITED 1.2b - - - - - 274.3m
MIZUHO ALTERNATIVE INVESTMENTS, LLC 183.5m - - - - - 46.7m
ARNHOLD LLC 1.5b - - - - - 427.2m
SIT FIXED INCOME ADVISORS II, LLC 1.2b - - - - - 259.6m
DRIEHAUS CAPITAL MANAGEMENT LLC 1.7b - - - - - 487.6m
FORMULA GROWTH LIMITED 1.2b - - - - - 240.1m

Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
651450108 Newhold Investment Corp II $9,950,000 100.00% 85565.00% -15.00%

Brochure Summary

Overview

Radcliffe Capital Management, L.P. (“Radcliffe”) was founded in 2002 as RG Capital Management, L.P. Radcliffe changed its name in June 2007. The principal owners of Radcliffe are Steven B. Katznelson, Chief Investment Officer and Christopher L. Hinkel, Director of Research. Radcliffe provides investment advisory services on a discretionary basis to pooled investment vehicles, including non-U.S. vehicles and to separately managed accounts each offered to institutions and other sophisticated persons who meet the definition of “qualified purchaser” under Section 3(c)(7) of the Investment Company Act of 1940, as amended (each, a “Client”). Radcliffe’s investment strategies are listed below:
• Ultra Short Duration Select Strategy (“Select Strategy”),
• Ultra Short Duration Strategy (“USD Strategy”),
• Short Duration Strategy (“SD Strategy”),
• Specialty Finance Debt Strategy (Business Development Company Debt) (“BDC Strategy”),
• Business Development Company Income Strategy (“BDCI Strategy”), and
• Special Purpose Acquisition Company Strategy (“SPAC Strategy”). The private fund managed by Radcliffe in the Select Strategy is the Radcliffe Ultra Short Duration Select Master Fund, L.P., a Cayman Islands exempted limited partnership (the “Select Master Fund”). The Select Master Fund has two “feeder funds” which invest all of their investable assets in the Select Master Fund: Radcliffe Domestic Ultra Short Duration Select Fund, L.P., a Delaware limited partnership (the “Select Domestic Feeder”), and Radcliffe International Ultra Short Duration Select Fund, Ltd., a Cayman Islands corporation (the “Select International Feeder”). The Select Master Fund and its feeder funds are collectively referred to herein as the “Select Funds.” The private fund managed by Radcliffe in the USD Strategy is the Radcliffe Ultra Short Duration Master Fund, L.P., a Cayman Islands exempted limited partnership (the “USD Master Fund”). The USD Master Fund has two “feeder funds” which invest all of their investable assets in the USD Master Fund: Radcliffe Domestic Ultra Short Duration Fund, L.P., a Delaware limited partnership (the “USD Domestic Feeder”), and Radcliffe International Ultra Short Duration Fund, Ltd., a Cayman Islands corporation (the “USD International Feeder”). The USD Master Fund and its feeder funds are collectively referred to herein as the “USD Funds.” The private fund managed by Radcliffe in the SD Strategy is the Radcliffe Short Duration Fund, L.P., a Delaware limited partnership (the “SD Fund”). The private fund managed by Radcliffe in the BDC Strategy is the Radcliffe BDC Master Fund, L.P., a Cayman Islands exempted limited partnership (the “BDC
Master Fund”). The BDC Master Fund has two “feeder funds” which invest all of their investable assets in the BDC Master Fund: Radcliffe Domestic BDC Fund, L.P., a Delaware limited partnership (the “BDC Domestic Feeder”), and Radcliffe International BDC Fund, Ltd., a Cayman Islands corporation (the “BDC International Feeder”). The BDC Master Fund and its feeder funds are collectively referred to herein as the “BDC Funds.” The private fund managed by Radcliffe in the SPAC Strategy is the Radcliffe SPAC Master Fund, L.P., a Cayman Islands exempted limited partnership (the “SPAC Master Fund”). The SPAC Master Fund has two “feeder funds” which invest all of their investable assets in the SPAC Master Fund: Radcliffe Domestic SPAC Fund, L.P., a Delaware limited partnership (the “SPAC Domestic Feeder”), and Radcliffe International SPAC Fund, Ltd., a Cayman Islands corporation (the “SPAC International Feeder”). The SPAC Master Fund and its feeder funds are collectively referred to herein as the “SPAC Funds.” The private fund managed by Radcliffe in the BDCI Strategy is the Radcliffe BDC Income Master Fund, L.P., a Cayman Islands exempted limited partnership (the “BDCI Master Fund”). The BDCI Master Fund has two “feeder funds” which invest all of their investable assets in the BDCI Master Fund: Radcliffe Domestic BDC Income Fund, L.P., a Delaware limited partnership (the “BDCI Domestic Feeder”), and Radcliffe International BDC Income Fund, Ltd., a Cayman Islands corporation (the “BDCI International Feeder”). The BDCI Master Fund and its feeder funds are collectively referred to herein as the “BDCI Funds.” The Select Funds, the USD Funds, the SD Fund, the BDC Funds, the BDCI Funds and the SPAC Funds are collectively referred to herein as the “Funds.” Radcliffe provides advice based on specific investment objectives and strategies set forth in the offering memorandum, investment management agreement or other applicable governing document. Under certain circumstances, Radcliffe may agree to tailor the advisory services to the needs of a Client in a separately managed account and such Clients may negotiate whether to and the extent to which leverage is to be used, whether to use derivatives or other instruments to hedge, and other types of issuer or portfolio limitations, e.g. concentration limits. Further, Radcliffe may combine components of two or more strategies into one account for a particular Client, as set forth in the Client’s investment management agreement. As of December 31, 2019, Radcliffe managed $3,257,400,000 in regulatory assets under management on a discretionary basis. Radcliffe does not manage any assets on a non-discretionary basis at this time.