9AT: CANARAS CAPITAL MANAGEMENT, LLC

other names

CANARAS CAPITAL MANAGEMENT, LLC
SARANAC INVESTMENT MANAGEMENT, LLC
SARANAC CLO MANAGEMENT, LLC

Adviser Profile

As of Date	08/26/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	10 -41%
of those in investment advisory functions	8 -27%
Registration	SEC, Approved, 04/19/2007

AUM^*	768,000,000 -47%
of that, discretionary	768,000,000 -47%
Private Fund GAV^*	1,495,068,000
Avg Account Size	109,714,286 -47%
SMA’s	No
Private Funds	8
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

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

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser CVC CREDIT PARTNERS, LLC	Hedge Fund5.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund20.8b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV25.9b	AUM43.5b	#Funds86
Adviser GC OPAL ADVISORS LLC	Hedge Fund77.2b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund36.1b	Venture Capital Fund-	Other Fund1.1b	Total Private Fund GAV114.3b	AUM118.3b	#Funds84
Adviser ARISTOTLE PACIFIC CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund2.7b	Total Private Fund GAV2.7b	AUM26.7b	#Funds6
Adviser ANCHORAGE CAPITAL GROUP, L.L.C.	Hedge Fund12.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV12.9b	AUM4.9b	#Funds48
Adviser PALMER SQUARE CAPITAL MANAGEMENT LLC	Hedge Fund2.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund18.0b	Venture Capital Fund-	Other Fund1.3b	Total Private Fund GAV22.0b	AUM27.1b	#Funds65
Adviser ONEX CREDIT PARTNERS, LLC	Hedge Fund2.2b	Liquidity Fund-	Private Equity Fund188.5m	Real Estate Fund-	Securitized Asset Fund20.5b	Venture Capital Fund-	Other Fund229.8m	Total Private Fund GAV23.1b	AUM23.5b	#Funds72
Adviser AS BIRCH GROVE LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM6.0b	#Funds-
Adviser NEUBERGER BERMAN EUROPE LIMITED	Hedge Fund105.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund1.5b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM80.0b	#Funds9
Adviser ZAIS GROUP	Hedge Fund564.8m	Liquidity Fund-	Private Equity Fund125.0m	Real Estate Fund-	Securitized Asset Fund3.5b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.2b	AUM5.4b	#Funds38
Adviser HILDENE CAPITAL MANAGEMENT	Hedge Fund4.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund11.0b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV15.4b	AUM17.3b	#Funds71

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).

CANARAS CAPITAL MANAGEMENT, LLC

Adviser Profile

Details

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview