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Adviser Profile

As of Date 04/25/2024
Adviser Type - Large advisory firm
Number of Employees 10
of those in investment advisory functions 9
Registration SEC, Approved, 08/06/2021
Other registrations (2)
Former registrations

CORRIDOR CAPITAL, LLC

AUM* 159,885,269 -22.42%
of that, discretionary 159,885,269 -22.42%
Private Fund GAV* 159,885,269 -23.29%
Avg Account Size 13,323,772 -22.42%
SMA’s No
Private Funds 12 1
Contact Info 310 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
269M 231M 192M 154M 115M 77M 38M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count12 GAV$159,885,269

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Brochure Summary

Overview

Corridor Capital provides discretionary investment advice to Corridor Capital II, LP (“Fund II”) and Corridor Capital III, LP (“Fund III” and together with Fund II, Fund II Affiliates, Fund III Affiliates, and any successor private investment funds and each of their related co-investment vehicles and special purpose vehicles, the “Funds” and individually, each a “Fund”). Corridor Capital also manages several single purpose vehicles (collectively, the “SPVs”, and together with the Funds, the “clients”) each of which are formed to invest or co-invest in a single portfolio company. In the future, Corridor Capital may form additional funds, including feeder and parallel funds, co-investment vehicles and special purpose vehicles. The Funds seek long-term capital appreciation through private investments, centered on making control acquisitions in generally well positioned, but undermanaged commercial and industrial companies, in which the General Partner (defined below) believes it has a reasonable opportunity to collaborate with management to actively address and remedy operational, strategic, managerial and/or capital deficiencies. The Funds may also make opportunistic structured debt and/or minority equity investments in portfolio companies, in which the Fund and any parallel vehicle may have an opportunity to exert significant managerial and operational influence to add value through the improvement or elimination of such deficiencies. The principal owner of Corridor Capital is the Enenstein Family Trust and, indirectly through the Enenstein Family Trust, Craig Enenstein and Carolyn Enenstein. Generally, a person that is under common control with Corridor Capital (a “Related Person”) acts as the general partner of each Fund, and Corridor Capital (directly or indirectly through a wholly-owned subsidiary) serves as the investment adviser to each Fund. References to “Corridor Capital” in this Brochure include, as the context requires, affiliates through which Corridor Capital provides investment advisory services or that act in any capacity referenced
in the previous sentence. References to “General Partners” in this Brochure include the general partner entities of the applicable Funds, and for any general partner that is itself a limited partnership, to the general partner thereof. Corridor Capital utilizes a strategy of making private and structured equity investments in multiple target business services sectors, including but not limited to business process outsourcing, marketing services, value-added distribution, and training and education. Corridor Capital generally focuses on both control and non-control investments, seeking to produce value through a highly active approach, working alongside management to build the infrastructure and processes necessary to ensure sustainable scalable growth. Corridor Capital tailors its advisory services to the specific investment objectives and restrictions of each Fund set forth in such Fund’s limited partnership agreement. Investors and prospective investors of each client should refer to the confidential private placement memorandum (if any), limited partnership agreement, subscription agreement and/or other governing documents (collectively, the “Governing Documents”) of the applicable client for complete information on the investment objectives and investment restrictions with respect to such client. There is no assurance that any of the client’s investment objectives will be achieved. Consistent with industry practices, the Funds and/or the General Partner have entered into side letter agreements or similar agreements (“Side Letters”) with certain investors pursuant to which the General Partner grants the investor specific rights, benefits, or privileges (including economic rights, benefits, and privileges) that, except as set forth in the Governing Documents, are not required to be made available or disclosed to investors generally. Corridor Capital does not participate in any wrap fee programs. As of December 31, 2023, Corridor Capital’s regulatory assets under management (or “RAUM”, as defined for purposes of Form ADV) were $159,885,269 on a discretionary basis.