Prana Capital Management Lp

Prana Capital Management LP is an investment adviser firm established on June 28, 2016, specializing in providing discretionary investment advisory services to private pooled investment vehicles. The firm's primary investment strategy involves long/short equity strategies aimed at achieving attractive absolute rates of return with low relative volatility. Prana focuses on fundamental investing within a custom-built analytical framework, utilizing a coverage model approach and proprietary portfolio construction capabilities. The firm manages approximately $2,059,105,789 in regulatory assets under management as of December 31, 2022. For potential clients, the minimum investment in the Fund is $5,000,000, which may be reduced at the discretion of the General Partner and the Offshore Feeder's Board of Directors. Prana receives compensation through a management fee of 1.5% annually and a performance fee of 20% of net income allocated to investors. The firm may engage in performance-based fees and side-by-side management, with a focus on risk control and capital preservation. Prana has custody of the Partnership's assets and securities, with Morgan Stanley & Co. LLC and Merrill Lynch Professional Clearing Corp serving as qualified custodians. The firm exercises investment discretion over the Clients' assets, with no specific limitations on investment types or strategies. Prana also has authority to vote client securities and has established proxy voting procedures to ensure voting in the best interest of clients. The firm has no disciplinary events to report and maintains a Code of Ethics to address potential conflicts of interest.