INDABA CAPITAL MANAGEMENT, L.P.
0
followers
·
Follow
SAN FRANCISCO CA
Investment Advisor
Hedge Fund
Activist Investor
Indaba Capital Management is based out of San Francisco. Indaba Capital Management is a hedge fund with 4 clients and discretionary assets under management (AUM) of $854,569,645 (Form ADV from 2024-03-26). Their last reported 13F filing for Q4 2024 included $207,547,740 in managed 13F securities
and a top 10 holdings concentration of 100.0%. Indaba Capital Management's largest holding is Blue Owl Capital Corp III with shares held of 2,793,366. Whalewisdom has at least 46 13F filings, 36 13D filings, and 54 13G filings
Business Description
Indaba Capital Management, L.P. is an investment advisor that manages private pooled investment funds and managed accounts. They may have investments in some clients but not in others, and there may be different levels of investments in the various clients. Indaba addresses potential conflicts of interest by adhering to consistent trade allocation procedures and devoting as much time to each client as they deem appropriate.
Indaba and its members, partners, officers, and employees may engage in investment transactions for their own accounts and the accounts of any estate planning, charitable foundation, or family investment vehicle. They may also receive research services from their brokerage relationships, which are considered informal "soft dollar benefits" and are allocated proportionally among all clients.
Investment Strategy
Indaba Capital Management is an event-driven and opportunistic value investor that employs a mix of fundamental investment strategies. They invest across the capital structure to create a concentrated, "best ideas" portfolio. Indaba identifies investment opportunities by conducting thorough, fundamental, and bottom-up due diligence of the companies they invest in.
Indaba's investment strategies are subject to market conditions and competition from other entities with similar investment objectives. There is no guarantee that Indaba will be able to identify or consummate investments that meet their criteria, or that these investments will be realized at favorable valuations. Additionally, there is no assurance that Indaba will be able to realize the values of their clients' investments or invest the investors' subscriptions.
Owners
- PRIME, JOSHUA, E - LIMITED PARTNER
- IC GP, LLC - GENERAL PARTNER
- SCHRIER, DEREK, CHRISTOPHER - LIMITED PARTNER, MANAGING PARTNER AND CHIEF INVESTMENT OFFICER
- Rosenberg, Zachary, Seth - GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER
- SENT, EDUARD, CHRISTIAAN - LIMITED PARTNER AND INVESTMENT PARTNER
- Lang, Melody, Zhepeng - CHIEF FINANCIAL OFFICER
- DEREK CHRISTOPHER SCHRIER AND CECILY HORSTING CAMERON 2000 REVOCABLE TRUST - LIMITED PARTNER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
(Subscription Required)
Other Contact Information
(Subscription Required)
2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| OBDE Blue Owl Capital Cor | 19.41% |
| DEBT-REVA REVANCE THERAPEUTICS (PRN) | 11.58% |
| DEBT-SUMM SUMMIT HOTEL PPTYS I (PRN) | 8.77% |
| TVTX-NOTE RETROPHIN INC NOTE 2 (PRN) | 6.18% |
| ESPR Esperion Therapeutic | 3.18% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| DEBT-ESPE ESPERION THERAPEUTIC (PRN) | 13.7% |
| DEBT-XOME XOMETRY INC NOTE 1.0 (PRN) | 7.94% |
| DEBT-FLUI FLUIDIGM CORP DEL NO (PRN) | 3.27% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| OBDE Blue Owl Capital Cor | 19.41% |
| DEBT-BAND BANDWIDTH INC NOTE 0(PRN) | 15.5% |
| ONTF ON24 Inc | 13.2% |
| DEBT-REVA REVANCE THERAPEUTICS(PRN) | 11.58% |
| DEBT-SUMM SUMMIT HOTEL PPTYS I(PRN) | 10.58% |
2024-12-31
13F Activity
| Market Value | $208m, Prior: $234m |
| Inflows (Outflows) as % of Total MV | +30.4506% |
| New Purchases | 4 stocks |
| Added To | 4 stocks |
| Sold out of | 3 stocks |
| Reduced holdings in | 0 stocks |
| Top 10 Holdings % | 100% |
| Turnover %[1] | 53.85% |
| Turnover Alt %[2] | 28.04% |
| Time Held Top 20 | 3.1 quarters |
| Time Held Top 10 | 3.1 quarters |
| Time Held All | 3.1 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31