Overview
Caius Capital LLP (“Caius Capital” or the “Firm”) is an opportunistic credit hedge fund manager based in
London, United Kingdom. The Firm was founded in January 2016 by António Batista and William Douglas.
Mr. Batista is the Firm’s Chief Investment Officer and Mr. Douglas is Chief Operating Officer and Chief
Compliance Officer. Caius Capital is 93% owned (in terms of voting power) by Mr. Batista and the balance
is equally divided among six individuals and one entity, Caius Capital Services Limited, a corporate member
of Caius Capital.
Caius Capital manages one private fund, Caius Capital Master Fund (the “Fund”). The Firm provides
discretionary advisory services to two separately managed accounts (the “SMA” accounts) which are
generally managed pari passu to the Caius Capital Master Fund. The firm also provides non-discretionary
advisory services to one separately managed account.
The Caius Capital Master Fund and the SMA accounts (referred to collectively as the “Master Strategy”)
focus on investments in levered capital structures within three core strategies: Distressed, Performing and
Special Situations. The Master Strategy’s investment universe comprises corporate issuers, financial
institutions and sovereign wealth funds predominantly within Europe, the Middle East and Africa.
Caius Capital is authorized and regulated by the UK Financial Conduct Authority and the SEC.
Caius Capital does not tailor its
advisory services to the individual needs of investors in the Caius Capital
Master Fund (as defined below) and does not accept Fund investor-imposed investment restrictions.
As noted above, Caius Capital also provides discretionary investment and advisory services to SMA clients.
Such services are provided pursuant to the agreed-upon investment guideline terms set forth in the relevant
investment management agreement. Unlike investors in the Caius Capital Master Fund, SMA clients may
impose reasonable mandates, guidelines, or restrictions relating to investments. For example, SMA clients
may impose limits on concentration, risk, exposure, and liquidity that may be different from those in the
Fund. An SMA client directly owns the positions in its separately managed account, therefore, the client
will typically have full, real-time transparency to all transactions and holdings in such account, and may be
better able to assess the future prospects of a portfolio that is substantially similar to the portfolios of the
Fund.
As described further in Item 10, Caius Capital US LP, an investment adviser registered with the SEC, acts
as sub-adviser to investment funds and separately managed accounts managed by Caius Capital.
As of March 31, 2023, Caius Capital managed approximately $1,099,426,626 of assets under management
in total. Of the total, $1,093,321,587 were managed on a discretionary basis, and $6,105,039 were managed
on a non-discretionary basis.