Caligan Partners

Caligan Partners, LP, a registered investment adviser established in September 2017, specializes in activist equity situations and distressed debt investments for private client funds. With offices in New York, the firm manages regulatory assets totaling $419,038,698 as of December 31, 2024, all on a discretionary basis. Caligan aims to enhance value through operational improvements, financial restructurings, and transformational transactions, often seeking board representation in activist equity cases or creditor committee involvement in distressed debt scenarios. The firm focuses on long and short positions in various securities, including public and private U.S. and non-U.S. issuers, distressed securities, bonds, and derivatives. Caligan concentrates investments in a limited number of opportunities to deliver superior risk-adjusted returns. Clients include high net worth individuals, pension funds, trusts, and corporations, subject to specific suitability requirements. The firm charges fees based on assets under management and performance, with compensation arrangements detailed in separate agreements. Caligan operates under a Code of Ethics to ensure fiduciary duty, with a focus on avoiding conflicts of interest and maintaining transparency in personal trading activities. The firm exercises discretionary authority over client accounts, with limited client input beyond specified restrictions. Caligan has adopted proxy voting policies and procedures to vote in the best interest of clients, with provisions to address conflicts of interest. The firm does not receive compensation for client referrals and maintains custody of client assets at qualified custodians in compliance with regulations.