Operational and Organizational Information: Cohanzick Management, LLC (the “Firm”) is a
limited liability company organized under the laws of the State of Delaware. The Firm has one
affiliate that serves as general partner to a private investment fund sponsored by the Firm:
Cohanzick Capital L.P. (a “General Partner”). In addition, the Firm is an indirect owner of
CrossingBridge Advisors, LLC, (“CrossingBridge”) a registered investment adviser which
provides investment advice to registered investment companies. As of August 11, 2022, the
Firm is the majority shareholder of ENDI Corp., a public reporting company. The Firm was
established in August 1996. David K. Sherman is the Firm’s managing member. The Firm
is owned by Mr. David K. Sherman, the David K. Sherman 1997 Family Trust, Mr. Bruce
Falbaum, a minority owner of the Firm, Mr. Jonathan Barkoe, a minority owner of the Firm,
Mr. Jonathan Berg, a minority owner of the Firm, and Kirk Whitney, a minority owner of the
Firm. As stated on the cover page of this Brochure, registration as an investment adviser does
not imply a level of skill or training.
Types of Advisory Services Offered: The Firm, together with the General Partner provide investment
management services to private investment funds (“Funds”) and separately managed
accounts (which may include private investment vehicles through third-party investment
management agreements) (“SMA clients”). The Firm is also the sub-adviser to one mutual
fund (“MF”, or “RiverPark”), as further described below. The Firm focuses primarily on
fixed income and equity investments related to credit analysis, fundamental value, event-
driven, special situations and distressed strategies.
The Firm serves as the investment adviser to Cohanzick Absolute Return Partners, L.P.
(CARP). Cohanzick Capital L.P. is the General Partner of CARP. .
Note: For purposes of the remainder of this Brochure, “client” may include SMA clients, the
MF, Fund and/or investors in such Fund or the MF. “Firm”
may include the General Partner.
Client Investment Guidelines and Parameters: The Firm provides discretionary investment
advisory services to all fee paying clients’ accounts. Advisory services may include, among
other things, the selection of investments and asset allocation. Decisions relating to investment
advice are based on analysis, portfolio construction, financial market conditions and on the
investment guidelines and restrictions of the client.
Each SMA client has a privately negotiated investment strategy based upon the objectives
and needs of the individual client and each account is managed in accordance with those
objectives and needs.
Each Fund has an investment objective and a set of investment policies and/or guidelines that
the Firm must follow. For this reason, the Firm cannot tailor the investment advisory services
the Firm provides to the Funds to meet individual investor needs. In addition, the Firm cannot
impose individual investment restrictions on the investment strategies for underlying
investors in the pooled investment vehicles. Each Fund’s confidential offering memorandum
sets forth that Fund’s particular investment guidelines and parameters.
The Firm acts as a sub-adviser to one MF, the RiverPark Short Term High Yield Fund
(“RPSTHYF”), .In this capacity, the Firm serves as a portfolio manager and implements
investment and portfolio decisions according to RiverPark’s guidelines. Shareholders of
RiverPark should read the RiverPark prospectus to become familiar with the terms and
conditions of their investment. The Firm also acts as a third-party manager to a private
investment fund, serving as a portfolio manager, as per the guidelines in an investment
management agreement.
Wrap Fee Programs: The Firm does not participate in wrap fee programs.
Client Assets Under Management: (rounded to the nearest $100,000)
i. Discretionary: $880,600,000 as of January 1, 2024.
ii. Non-discretionary: $ 0