Founded in July 2020, Carronade Capital Management, headquartered in Connecticut, is managed by Dan Gropper. Carronade Capital Management distinguishes itself by blending fundamental business valuation with proprietary legal and capital structure analysis in its investment approach. Carronade Capital manages a multi-strategy private investment fund that targets undervalued debt instruments. Their approach integrates fundamental business valuation with legal and capital structure analysis. Emphasizing the position within the capital structure, legal disputes, and the restructuring process, Carronade engages in diverse credit strategies, including restructuring positions, stressed credit, capital structure arbitrage, and event-driven positions.
Dan Gropper serves as the Managing Partner and Chief Investment Officer at Carronade Capital Management, LP. Additionally, he holds the positions of Director and Chief Financial Officer at Vennue, a nonprofit organization dedicated to enhancing the global pharmacy workforce's capabilities in developing nations. Dan has dedicated his finance career to corporate bankruptcy investing and restructurings, serving as the lead activist for a hedge fund specializing in distressed and event-driven investing. Prior to this, he held similar roles in portfolio management at other hedge funds, building upon his foundation in investment banking. He holds a Bachelor of Science in Commerce with a concentration in Finance with distinction from the University of Virginia, where he distinguished himself as an Echols Scholar.
Carronade Capital Management manages assets totaling $2,020,915,089 for 3 clients, according to their Form ADV from March 2024. Their latest 13F filing for Q4 2023 revealed holdings of $872,143,468 across various securities, with a top 10 holdings concentration of 89.52%. The fund's largest position is in SPDR S&P 500 ETF TRUST, with holdings of 1,150,000 shares.
