Sandler Capital Management

Sandler Capital Management is a New York-based investment adviser founded in 1986 and registered with the SEC since 1988. The firm manages approximately $847.6 million in assets on a discretionary basis as of December 31, 2024. Sandler Capital specializes in providing investment advisory services primarily to private investment funds, offering long/short equity and credit strategies, as well as private equity strategies. The firm's investment philosophy focuses on capital appreciation with muted volatility and downside protection characteristics. Sandler Capital charges asset-based fees and performance-based fees based on the value of assets in client accounts. The minimum initial investment amount for private funds is generally $1 million, with certain funds having higher minimums. The firm operates independently its hedge fund and private equity businesses, with key personnel having significant interests in each. Sandler Capital exercises investment discretion for client accounts, subject to any restrictions or guidelines imposed by clients. The firm has adopted a Code of Ethics to govern personal trading by employees and has policies in place to address brokerage practices, including best execution, soft dollar benefits, and trade aggregation and allocation. Clients receive regular reporting and transparency on their investments, and the firm has procedures in place for voting client securities.