Overview
Keenan Capital, LLC (“Keenan” or the “Firm”), a California limited liability company, was founded in
March 2012 and became a registered investment adviser with the United States Securities and Exchange
Commission (the “SEC”) on April 6, 2018. Charles J. Keenan IV is the principal owner of the Firm.
Keenan provides investment advisory services on a discretionary basis to a privately offered pooled
investment vehicle, which is intended for investment by certain investors that meet the definition of
“accredited investor” as defined under Regulation D of the Securities Act of 1933, as amended, (the “1933
Act”) and “qualified purchasers” under Section 2(a)(51) of the Investment Company Act of 1940, as
amended (the “Company Act”) so as to comply with the exemptions under Section 3(c)(7) of the Company
Act.
Currently, Keenan’s sole client is Keenan Capital Fund, LP (the “Fund”), a Delaware limited liability
company. Keenan Capital GP, LLC, a Delaware
limited liability company, is the general partner of the
Fund (“General Partner”). The General Partner has delegated full responsibility for the investment
decisions of the Fund to the Firm.
The Firm’s advisory services are provided to its client, the Fund, pursuant to the terms of the Fund’s relevant
offering documents and based on the specific investment objectives and strategies as disclosed in the offering
documents. The advisory services the Fund receives are tailored to meet the specified investment objectives and
strategies as set forth in the Fund’s offering documents. The Fund may impose restrictions on investing in
certain types of securities in accordance with achieving its investment objectives and strategies.
Not applicable. Keenan does not participate in, nor does it sponsor, a wrap fee program.
Keenan has $662,066,251 in regulatory assets under management on a discretionary basis as of December 31,
2023. Keenan does not manage client assets on a non-discretionary basis.