Overview
Prana Capital Management LP (“Prana” or the “Adviser”), a Delaware limited partnership, is an investment
adviser formed on June 28, 2016. Prana Capital Management GP, LLC, a Delaware limited liability
company, is the general partner of Prana, and Peter Seuss (the “Portfolio Manager”) is the principal owner
and managing member of Prana Capital Management GP, LLC.
Prana currently provides discretionary investment advisory services to the following private pooled
investment vehicles: Prana Absolute Return Fund LP (“the Partnership”), a Delaware limited partnership,
and PARF-Offshore Ltd. (the “Offshore Feeder”), a Cayman Islands exempted company (collectively
referred to herein as the “Fund”). An affiliate of Prana serves as the sponsor and general partner of the
Partnership (the “General Partner”). Prana’s clients also include private funds for which Prana is a sub-
adviser (the “Sub-Advisory Funds,” collectively with the Fund, the “Clients”).
Pursuant to the Clients’ offering memorandum, limited partnership agreements, articles of memorandum
and association, subscription documents and/or sub-advisory agreements, as applicable (collectively the
“Governing Documents”), the Clients engage in long/short equity strategies in order to pursue attractive
absolute rates of return and low relative volatility in any market environment. The Clients attempt to profit
by focusing on fundamental investing within the context of a proprietary, custom-built analytical
framework, the natural knowledge advantage created from its coverage model approach and portfolio
construction capabilities.
The Fund offers interests (“Interests”) to certain qualified investors as described in response to Item 7,
below (such investors or prospective investors, collectively with investors in the Sub-Advisory Funds
unless the context requires otherwise, are referred to herein as “Investors”).
Advisory services are tailored to achieve the Clients’ investment objectives. Generally, Prana has the
authority to select which and how many securities and other instruments to buy or sell without consultation
with the Clients or their Investors. Prana does not tailor its advisory services to the individual needs of
investors in the Fund (“Fund Investors”) and does not accept Fund Investor imposed investment restrictions.
Prana does not participate in wrap fee programs.
As of December 31, 2023, Prana has approximately $2.5 billion in regulatory assets under management on
a discretionary basis.