Cadian Capital Management, LP, a Delaware limited partnership, provides discretionary advisory
services to its advisory clients, which currently are limited to pooled investment vehicles organized
as private investment funds.
Eric Bannasch founded Cadian Capital Management, LLC, a Delaware limited company, in May
2007. On January 13, 2014, our firm converted to a Delaware limited partnership, Cadian Capital
Management, LP, but our business remained the same. Our firm is principally owned by Eric
Bannasch.
Cadian Capital Management, LP serves as the investment manager of private funds, specifically
the Cadian flagship funds (the “Flagship Funds”) and the Cadian opportunities funds (the
“Opportunities Funds” and, collectively, the “Funds”). The Flagship Funds and the Opportunities
Funds both operate via a “master-feeder” structure, such that the Flagship Fund feeder funds (the
“Flagship Feeder Funds”) and the Opportunities Fund feeder funds (the “Opportunities Feeder
Funds” and, together with the Flagship Feeder Funds, “Feeder Funds”) contribute all of their
investable assets, respectively, to the Flagship Fund master fund (“Flagship Master Fund”) and the
Opportunities Fund master fund (“Opportunities Master Fund” and, each a “Master Fund”) and
investments are made at the Master Fund level.
We provide investment advisory services to the Master Funds and certain administrative services
to the Feeder Funds. As described in further detail in Section 8 below, the Funds seek long term
capital appreciation from investments in equity securities of companies in the global
telecommunications, media and technology sectors as well as in consumer, healthcare, industrials,
financial
services and technology and other related sectors. To implement the above strategy, we
focus on fundamental stock research and selection through a disciplined upside/downside analysis.
The firm may, in its sole discretion and only with respect to the Flagship Funds, at the time of
acquisition of an investment that is not publicly traded, is illiquid or lacks a readily ascertainable
market value, designate such investment as a “Designated Investment.” Flagship Feeder Fund
investors may elect to invest in Designated Investments. Only electing Flagship Feeder Fund
investors will participate in Designated Investments. In addition, only those electing investors that
are Flagship Feeder Fund investors at the time a Designated Investment is made (and that have not
become former investors, otherwise duly requested to completely withdraw from the Flagship
Feeder Fund or revoked their elections to participate in Designated Investments) will participate
in such Designated Investment, subject to the limitations on participation set forth in the applicable
Flagship Feeder Fund’s offering materials.
We tailor our services to the Funds in accordance with their governing documents (for example, a
private offering memorandum, limited partnership agreement, memorandum and articles of
association and/or subscription documents). The Funds generally cannot impose any restrictions
on the firm’s discretion to invest in certain securities or types of securities.
The firm does not participate in wrap fee programs.
As of December 31, 2023, the firm managed approximately $2,332,355,282 of client assets on a
discretionary basis. We do not currently manage any client assets on a non-discretionary basis.