CANARAS CAPITAL MANAGEMENT, LLC

other names
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Adviser Profile
As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 17
of those in investment advisory functions 11
Registration SEC, Approved, 4/19/2007
AUM* 1,306,000,000 -19.98%
of that, discretionary 1,306,000,000 -19.98%
Private Fund GAV* 1,495,068,000 4.41%
Avg Account Size 186,571,429 -19.98%
SMA’s No
Private Funds 8 1
Contact Info 212 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
2B 2B 1B 1B 751M 501M 250M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$34,920,000
Fund TypeSecuritized Asset Fund Count5 GAV$1,460,148,000

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Brochure Summary

Overview

Canaras Capital Management LLC and Saranac CLO Management, LLC (together, “Canaras”) provides investment advice and/or investment management services to institutional investors, generally. More specifically, it provides those services to private investment funds and securitized asset funds such as CDOs/CLOs. None of its clients (as of the date of this brochure) is an individual (natural person or “retail investor”). With respect to the services Canaras provides, they are mostly related to debt and fixed income instruments of various types – leveraged loans and bonds, for example. Canaras provides discretionary investment management and, under certain condition, non-discretionary investment management services. The portfolios of its clients are usually in the millions, tens of millions
or hundreds of millions of dollars. However, there is no set, pre-established minimum amount of assets required for the provision of services (although the various funds managed may, and usually do, imposed minimums). Investment personnel at Canaras have degrees in finance, portfolio management or related disciplines, appropriate to their duties. Our investment professionals have degrees in business or economics and/or have achieved Chartered Financial Analyst (CFA) standing. Canaras expects to require similar qualifications of anyone who joins the portfolio management or credit analysis team. Currently, Canaras manages, on a discretionary basis, approximately $1.3 billion of client assets (inclusive of assets managed pursuant to CLO warehousing/investment management agreements).