9AT: AXAR CAPITAL MANAGEMENT LP

other names

AXAR CAPITAL MANAGEMENT LP

Adviser Profile

As of Date	03/31/2025
Registration	SEC, Approved, 06/24/2015
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	3,145,340,571
of that, discretionary	3,145,340,571 37%
Private Fund GAV^*	1,820,014,760 0%
Avg Account Size	136,753,938 19%
SMA’s	Yes
Private Funds	20

Adviser Type

- Large advisory firm

Number of Employees 13 30%

of those in investment advisory functions 9 50%

Client Types

- Pooled investment vehicles
- Insurance companies
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count5	GAV$368,900,321
Fund TypePrivate Equity Fund	Count15	GAV$1,451,114,439

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 26NORTH	Hedge Fund175.1m	Liquidity Fund-	Private Equity Fund12.0b	Real Estate Fund-	Securitized Asset Fund1.2b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV13.3b	AUM26.1b	#Funds42
Adviser RIDGELINE PRODUCTIONS LLC	Hedge Fund115.2m	Liquidity Fund-	Private Equity Fund21.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV137.1m	AUM137.1m	#Funds5
Adviser CERTUITY, LLC	Hedge Fund92.9m	Liquidity Fund-	Private Equity Fund721.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund137.3m	Total Private Fund GAV952.1m	AUM3.1b	#Funds34
Adviser ABRY PARTNERS II, LLC	Hedge Fund1.8b	Liquidity Fund-	Private Equity Fund13.7b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV15.5b	AUM15.5b	#Funds36
Adviser CLEARWATER CAPITAL PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.0b	AUM-	#Funds11
Adviser VITRUVIAN PARTNERS LLP	Hedge Fund99.5m	Liquidity Fund-	Private Equity Fund22.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV22.7b	AUM-	#Funds27
Adviser GAVEA INVESTIMENTOS LTDA	Hedge Fund275.4m	Liquidity Fund-	Private Equity Fund174.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV450.3m	AUM-	#Funds21
Adviser RAINE CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.9b	AUM3.1b	#Funds45
Adviser GREAT POINT PARTNERS, LLC	Hedge Fund373.7m	Liquidity Fund-	Private Equity Fund1.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM1.5b	#Funds20
Adviser DRAGONEER INVESTMENT GROUP, LLC	Hedge Fund12.1b	Liquidity Fund-	Private Equity Fund15.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund290.0m	Total Private Fund GAV27.4b	AUM25.6b	#Funds64

Brochure Summary

Overview

A. The Adviser is a Delaware limited partnership and has its principal place of business in New York, New York. The Adviser provides discretionary investment advisory services to various pooled investment vehicles (each a “Fund” and, collectively, the “Funds”), separately managed accounts (each a “Managed Account” and, collectively, the “Managed Accounts”), and an insurance company (the “Insurance Company” and, together with the Funds and the Managed Accounts, the “Clients” or “Client Accounts”). Interests in the Funds are offered to certain sophisticated, qualified investors, including: high net worth individuals, retirement plans, trusts, partnerships, corporations, insurance companies, or other businesses. The Adviser was formed in 2015 by its general partner, Axar GP LLC, and the Adviser’s portfolio manager, Andrew M. Axelrod (the “Principal”). B. The Adviser’s primary investment objective is to generate positive risk-adjusted returns. The Adviser maintains multiple active management strategies. The Adviser’s general strategy employs an opportunistic, value-oriented investment strategy supported by an analytical, fundamental research approach to identifying and assessing intrinsic value. The Adviser employs a Fixed Income focused strategy with

respect to the Insurance Company. C. While the Funds and the Managed Accounts will follow the general strategy stated above, the Adviser may tailor the specific advisory services with respect to each Client based on the particular investment objectives and strategies described in the applicable Client’s (i) confidential offering memorandum or separate account agreement (as applicable) and (ii) governing documents, including but not limited to an investment management agreement (referred to collectively as “Governing Documents”). Managed account clients may impose restrictions on investing in certain securities or types of securities. All discussion of the Clients in this Brochure, including but not limited to their investments, the strategies used in managing the Clients, and conflicts of interest faced by the Adviser in connection with the management of the Clients are qualified in their entirety by reference to each Client’s respective Governing Documents. D. The Adviser does not participate in wrap fee programs. E. As of December 31, 2023, the Adviser manages approximately $2,566,000,000 in discretionary regulatory assets under management. The Adviser does not manage any assets on a non- discretionary basis.

AXAR CAPITAL MANAGEMENT LP

Adviser Profile

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