Hedge Fund - Axar Capital

Established in 2015 through the collaborative efforts of Andrew Axelrod and Timothy Parrott, Axar Capital Management has carved a niche for itself by strategically investing in a focused array of public and private market opportunities. What sets Axar apart is its deliberate choice to delve into situations that larger competitors might shy away from due to factors such as size, complexity, extended duration, and the potential necessity for active involvement. Situated in the bustling metropolis of New York City, Axar Capital Management directs its attention towards North American middle market opportunities across the capital structure, often seeking to establish control positions over time.

At the helm of Axar is Andrew Axelrod, the Managing Partner and Portfolio Manager, who shoulders the ultimate responsibility for overseeing all aspects of investment, risk, and business management functions. Andrew's extensive background includes a pivotal role as Partner and Co-Head of North American Investments at Mount Kellett Capital Management, a private investment organization boasting an impressive $7 billion in assets under management. Andrew's journey with Mount Kellett spanned over six years, and he played a crucial role in shaping the firm's North American investment strategy. Prior to his tenure at Mount Kellett, Andrew gained valuable experience at Kohlberg Kravis Roberts & Co. L.P. and The Goldman Sachs Group, Inc. Andrew Axelrod's academic achievements further underscore his capabilities, as he graduated magna cum laude with a B.S. in Economics from Duke University. This solid educational foundation, coupled with his extensive professional experience, positions him as a stalwart leader in the world of hedge fund management.

Axar Capital Management has evolved into a hedge fund that caters to a diverse clientele of 20 clients. As of May 2023, the firm manages discretionary assets under management (AUM) totaling $2,301,983,359, as disclosed in its Form ADV. The commitment to transparency and strategic investment practices is further emphasized in the firm's deliberate approach to concentrating on select opportunities that align with its expertise.