Garnet Equity Capital Holdings, Inc.

Garnet Equity Capital Holdings, Inc. is a financial advisor firm established in 1994, with principal owners Joseph A. Cohen and David A. Cohen. The firm provides discretionary advisory services to two pooled investment vehicles and a separately managed account, focusing on long/short strategies in equities and options. As of December 31, 2024, the firm had approximately $299 million in assets under management. Clients are required to make a minimum initial investment of $1 million for the pooled investment vehicles, subject to waiver, and must meet specific net worth and investor criteria. The firm charges a management fee of 1.75% per annum and receives performance-based compensation of 17.5% of net capital appreciation for the pooled investment vehicles. Additionally, the firm receives an annual performance-based compensation of 10% of the separately managed account's net income. The firm has disclosed its brokerage practices, investment discretion, proxy voting authority, and custody arrangements. Garnet Equity Capital Holdings, Inc. does not have any disciplinary events to disclose and has no financial conditions that would impair its ability to meet its commitments to clients.