Hedge Fund - Caspian Capital Partners

Caspian Capital LP, based in New York, is an investment adviser specializing in performing, stressed, and distressed corporate credit. Since its inception in 1997, the firm's absolute return strategy has evolved to encompass opportunistic long-only credit, market-dislocation strategies, capital solutions, and custom client-driven partnerships. Caspian employs a fundamental investment approach honed through various credit cycles, aiming to deliver attractive risk-adjusted returns for its institutional clients.

Mark Weissman, a partner at Caspian and Mariner, founded Caspian in 1997. With a background as a proprietary trader, he gained experience at Bear, Stearns & Co, Lehman Brothers, and Cantor Fitzgerald & Co.Beyond his advisory roles with various organizations, Mark chairs the board of directors of the Alberta Investment Management Corporation and serves as a part-time Senior Advisor to Hillhouse Capital and Boston Consulting Group. Hailing from Niagara Falls, Ontario, Mark holds a Bachelor of Arts from Queen’s University, a law degree, and a Masters in Business Administration from the University of Toronto. He also pursued advanced studies as a Fulbright Scholar at Yale University, earning a Master of Laws. Mark is actively engaged as a lecturer at the Harvard Business School, and the University of Toronto, and serves as an adjunct professor at Tsinghua University.

As the Managing Partner and Portfolio Manager at Caspian, Mr. Adam Cohen brings over 25 years of extensive experience in corporate credit investment, spanning from performing to distressed opportunities across various credit cycles. Since joining Caspian in 2001, he has been instrumental in establishing and leading the firm's fundamental research team, refining its investment philosophy, and propelling Caspian into a prominent position as a fundamental credit manager. Prior to his tenure at Caspian, Mr. Cohen served as a Vice President in a proprietary distressed investing group at Goldman Sachs & Co., where he played a key role in deploying the firm's capital across numerous positions in the stressed and distressed market. He also provided instruction in distressed investing to other divisions within the firm. Before joining Goldman Sachs, Mr. Cohen practiced law in the business, finance, and restructuring group at Weil, Gotshal & Manges LLP. He graduated cum laude from New York University School of Law and summa cum laude from the University of Pennsylvania.

Mr. David Corleto serves as a Partner and Co-Portfolio Manager at Caspian, leveraging over 20 years of expertise in sourcing investments across primary and secondary markets, trading various credit instruments, and navigating portfolios through multiple significant credit cycles. Before joining Caspian in 2005, Mr. Corleto spent six years at Goldman Sachs & Co., where he held diverse roles including high-yield research analyst, distressed research analyst, distressed bond trader, and distressed loan trader. Prior to his tenure at Goldman Sachs, he worked as a high-yield research analyst at BT Alex. Brown and CSFB. Mr. Corleto earned his Bachelor of Arts degree from the University of Pennsylvania.

Caspian Capital manages assets for 13 clients, with discretionary assets under management (AUM) totaling $5,057,526,000 as of the Form ADV from March 2024. Their most recent 13F filing for Q4 2023 reported $50,534,109 in managed 13F securities, with a top 10 holdings concentration of 100%. FTAI Aviation Ltd stands as Caspian Capital's largest holding, with 832,420 shares held.