9AT: KEENAN CAPITAL, LLC

other names

KEENAN CAPITAL, LLC
KEENAN CAPITAL LLC

Adviser Profile

As of Date	03/27/2025
ADV Location	BURLINGAME, CA, United States
Adviser Type - Large advisory firm
Number of Employees	5
of those in investment advisory functions	4
Registration	SEC, Approved, 04/06/2018
Other registrations (1)	California, ERA - Withdrawn, 03/07/2018

AUM^*	691,779,529 4%
of that, discretionary	691,779,529 26%
Private Fund GAV^*	691,779,529
Avg Account Size	691,779,529 26%
SMA’s	No
Private Funds	1
Contact Info	650 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count1	GAV$691,779,529

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser OCEAN ENDOWMENT PARTNERS, LLC	Hedge Fund434.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV434.8m	AUM700.7m	#Funds1
Adviser PCJ INVESTMENT COUNSEL LTD.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM704.0m	#Funds1
Adviser RIVA RIDGE CAPITAL MANAGEMENT LP	Hedge Fund653.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV653.1m	AUM694.7m	#Funds11
Adviser INCOME PARTNERS ASSET MANAGEMENT (HK) LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM368.3m	#Funds-
Adviser KINNEY ASSET MANAGEMENT, LLC.	Hedge Fund121.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV121.7m	AUM578.1m	#Funds1
Adviser CORRIGO INVESTMENT PARTNERS, LLC	Hedge Fund675.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV675.1m	AUM675.1m	#Funds3
Adviser SHAH CAPITAL MANAGEMENT	Hedge Fund558.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV558.2m	AUM639.3m	#Funds1
Adviser FORT, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM397.2m	#Funds-
Adviser LUCERNE CAPITAL MANAGEMENT, LP	Hedge Fund417.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV417.6m	AUM417.6m	#Funds9
Adviser DAFNA CAPITAL MANAGEMENT, LLC	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM537.7m	#Funds6

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker03831W108	Stock NameAPPLOVIN CORP	$ Position$119,080,840	% Position22.00%	$ Change-19.00%	# Change-14.00%
Stck Ticker185123106	Stock NameCLEARWATER ANALYTICS HLDGS I	$ Position$88,302,669	% Position16.00%	$ Change	# Change
Stck TickerM5216V106	Stock NameGLOBAL E ONLINE LTD	$ Position$73,323,449	% Position13.00%	$ Change16.00%	# Change5.00%
Stck Ticker380237107	Stock NameGODADDY INC	$ Position$67,627,447	% Position12.00%	$ Change0.00%	# Change10.00%
Stck Ticker98138H101	Stock NameWORKDAY INC	$ Position$68,566,582	% Position12.00%	$ Change-3.00%	# Change9.00%
Stck Ticker268150109	Stock NameDYNATRACE INC	$ Position$62,866,144	% Position11.00%	$ Change-11.00%	# Change0.00%
Stck TickerG00894108	Stock NameACCELERANT HOLDINGS	$ Position$51,338,673	% Position9.00%	$ Change	# Change
Stck Ticker47074L105	Stock NameJAMF HLDG CORP	$ Position$14,571,200	% Position3.00%	$ Change-56.00%	# Change-64.00%
Stck Ticker78781J109	Stock NameSAILPOINT INC	$ Position$3,328,138	% Position1.00%	$ Change-8.00%	# Change0.00%

Brochure Summary

Overview

Keenan Capital, LLC (“Keenan” or the “Firm”), a California limited liability company, was founded in March 2012 and became a registered investment adviser with the United States Securities and Exchange Commission (the “SEC”) on April 6, 2018. Charles J. Keenan IV is the principal owner of the Firm. Keenan provides investment advisory services on a discretionary basis to a privately offered pooled investment vehicle, which is intended for investment by certain investors that meet the definition of “accredited investor” as defined under Regulation D of the Securities Act of 1933, as amended, (the “1933 Act”) and “qualified purchasers” under Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Company Act”) so as to comply with the exemptions under Section 3(c)(7) of the Company Act. Currently, Keenan’s sole client is Keenan Capital Fund, LP (the “Fund”), a Delaware limited liability company. Keenan Capital GP, LLC, a Delaware

limited liability company, is the general partner of the Fund (“General Partner”). The General Partner has delegated full responsibility for the investment decisions of the Fund to the Firm. The Firm’s advisory services are provided to its client, the Fund, pursuant to the terms of the Fund’s relevant offering documents and based on the specific investment objectives and strategies as disclosed in the offering documents. The advisory services the Fund receives are tailored to meet the specified investment objectives and strategies as set forth in the Fund’s offering documents. The Fund may impose restrictions on investing in certain types of securities in accordance with achieving its investment objectives and strategies. Not applicable. Keenan does not participate in, nor does it sponsor, a wrap fee program. Keenan has $662,066,251 in regulatory assets under management on a discretionary basis as of December 31, 2023. Keenan does not manage client assets on a non-discretionary basis.

KEENAN CAPITAL, LLC

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Overview