Overview
Ararat Capital Management LP (hereinafter “Ararat,” “we,” “us,” “our” or the “Firm”) is
organized as a Delaware limited partnership. Ararat was formed on December 1, 2015 and
maintains a principal place of business in Westport, Connecticut. Ararat Capital Management
GP, LLC, a Delaware limited liability corporation, serves as general partner of the Firm (the
“General Partner”). Ararat and the General Partner are each principally owned by Raffi
Tokatlian (the “Principal”).
Ararat provides discretionary investment management services to qualified investors through
its private funds: Narrow River Capital Partners Master Fund, L.P.; Narrow River Capital
Partners, LP and Narrow River Capital Partners, LTD.
We serve as the investment adviser, with discretionary trading authority, to private, pooled
investment vehicles, the securities of which are offered through a private placement
memorandum to accredited investors, as defined under the Securities Act of 1933, as
amended, and qualified purchasers, as defined under the Investment Company Act of 1940,
as amended. We do not tailor our advisory services to the individual needs of any particular
investor. Ararat also provides discretionary investment advice to a separately managed
account (the “Managed Account”).
Ararat manages the following private, pooled investment vehicles:
•
Narrow River Capital Partners Master Fund, L.P., a Cayman Islands exempted limited
partnership (the “Master Fund”);
• Narrow River Capital Partners, LP, a Delaware limited partnership (the “Onshore
Fund”); and
• Narrow River Capital Partners, LTD., a Cayman Islands exempted company (the
“Offshore Fund”).
The Onshore Fund and the Offshore Fund are collectively referred to as the “Feeder Funds.”
The Master Fund, the Onshore Fund and the Offshore Fund are herein each referred to as a
“Fund” or “Client,” and collectively referred to as the “Funds” or the “Clients.”
The Onshore Fund’s “Limited Partners” and the Offshore Fund’s “Shareholders” are hereafter
collectively referred to as the “Investors” where appropriate.
Our investment decisions and advice with respect to the Funds are subject to each Fund’s
investment objectives and guidelines, as set forth in its respective “Offering Documents.”
The Firm has entered into and may enter into “side letters” or similar agreements with certain
investors that may waive or modify the application of, or grant special or
more favorable rights with respect to the Offering Documents to the extent permitted by
applicable law.
We do not currently participate in any Wrap Fee Programs.
As of December 31, 2023, we have $653,177,406 regulatory assets under management.