Caspian Capital, Lp
- Regulatory AUM
- $7.0B
- Discretionary
- $7.0B
- Clients
- 13
- Avg AUM / client
- $540M
- Accounts
- 14
- Employees
- 29
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Investments (13F portfolio — 9 positions, $102,814,190)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Bausch Plus Lomb Corp | COMMON SHARES | $31,784,784 | 1,999,043 | 30.9% | 0.45% |
| 2 | Ftai Infrastructure Inc | COMMON STOCK | $25,743,857 | 5,211,307 | 25.0% | 0.37% |
| 3 | Astronics Corp | COM | $17,865,223 | 267,724 | 17.4% | 0.25% |
| 4 | Ftai Aviation Ltd | SHS | $11,378,045 | 46,441 | 11.1% | 0.16% |
| 5 | Claritev Corporation | CL A NEW | $5,821,125 | 356,250 | 5.66% | 0.08% |
| 6 | Hudson Technologies Inc | COM | $4,282,439 | 728,306 | 4.17% | 0.06% |
| 7 | Nrg Energy Inc | COM NEW | $3,215,080 | 22,000 | 3.13% | 0.05% |
| 8 | Xponential Fitness Inc | COM CL A | $2,711,137 | 450,355 | 2.64% | 0.04% |
| 9 | Suncar Technology Group Inc | *W EXP 05/17/202 | $12,500 | 50,000 | 0.01% | 0.0% |
Top 25 of 9 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $378M | 5.38% |
| Pooled investment vehicles (non-investment companies) | 10 | $5.7B | 80.9% |
| Other investment advisers | 1 | $2.0K | 0.0% |
| Corporations and other businesses | 1 | $963M | 13.7% |
Private funds (9)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $3.7B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Caspian Select Credit Master Fund, Ltd master | Hedge Fund | Cayman Islands | $1.2B | 39 |
| Caspian Focused Opportunities Fund, L.P. master | Hedge Fund | Delaware | $693M | 24 |
| Caspian Keystone Focused Fund, L.P. | Hedge Fund | Cayman Islands | $571M | 2 |
| Caspian Inefficient Markets Fund Iii, L.P. master | Hedge Fund | Delaware | $319M | 69 |
| Caspian Hlsc1, Llc | Hedge Fund | Delaware | $307M | 1 |
| Caspian Solitude Master Fund, L.P. | Hedge Fund | Delaware | $237M | 3 |
| Caspian Capital Solutions Fund, Lp | Private Equity Fund | Delaware | $177M | 2 |
| Caspian Sc Holdings, L.P. | Hedge Fund | Delaware | $161M | 3 |
| Caspian Suncas Fund, L.P. | Hedge Fund | Delaware | $44.2M | 1 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Cohen, Adam, Stuart | Manager Member | Dec 2010 (16y) | ≈ 0% – 3.75% via Caspian Capital Gp Llc | |
| Corleto, David, Nathan | Manager Member | Dec 2010 (16y) | ≈ 0% – 2.5% via Caspian Capital Gp Llc | |
| Best, Terese, Mccarthy | Chief Operating Officer And Chief Risk Officer | Jul 2015 (11y) | Less than 5% | |
| Perkins, Theodore, Grey | President | Jul 2015 (11y) | Less than 5% | |
| Manz, Christopher, Michael | Chief Financial Officer | Aug 2015 (11y) | Less than 5% | |
| Cromartie, Dominick, Ronald | General Counsel And Chief Compliance Officer | Jan 2022 (5y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Caspian Capital Gp Llc | General Partner | Oct 2010 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Cohen, Adam, Stuart: 50% – 75% of Caspian Capital Gp Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Corleto, David, Nathan: 25% – 50% of Caspian Capital Gp Llc × 0% – 5% direct ≈ 0% – 2.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (9, $3.7B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Caspian Select Credit Master Fund, Ltd | Hedge Fund | $1.2B | $10.0M | 39 |
| Caspian Focused Opportunities Fund, L.P. | Hedge Fund | $693M | $0 | 24 |
| Caspian Keystone Focused Fund, L.P. | Hedge Fund | $571M | $0 | 2 |
| Caspian Inefficient Markets Fund Iii, L.P. | Hedge Fund | $319M | $0 | 69 |
| Caspian Hlsc1, Llc | Hedge Fund | $307M | $0 | 1 |
| Caspian Solitude Master Fund, L.P. | Hedge Fund | $237M | $50.0M | 3 |
| Caspian Capital Solutions Fund, Lp | Private Equity Fund | $177M | $0 | 2 |
| Caspian Sc Holdings, L.P. | Hedge Fund | $161M | $0 | 3 |
| Caspian Suncas Fund, L.P. | Hedge Fund | $44.2M | $10.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.34 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗