9AT: ARARAT CAPITAL MANAGEMENT LP

other names

ARARAT CAPITAL MANAGEMENT LP

Adviser Profile

As of Date	03/31/2026
ADV Location	WESTPORT, CT, United States
Adviser Type - Large advisory firm
Number of Employees	7
of those in investment advisory functions	4
Registration	SEC, Approved, 04/27/2020
Other registrations (1)	SEC, ERA - Withdrawn, 03/28/2020
Former registrations	ARARAT CAPITAL MANAGEMENT LP

AUM^*	358,607,563 -45%
of that, discretionary	358,607,563 -45%
Private Fund GAV^*	358,607,563 -15%
Avg Account Size	119,535,854 -27%
SMA’s	Yes
Private Funds	4 1
Contact Info	646 xxxxxxx
Websites

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	Count4	GAV$358,607,563

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 INNOVATIVE PORTFOLIOS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM784.6m	#Funds-
Adviser NARA CAPITAL, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM419.1m	#Funds-
Adviser OLD FARM PARTNERS LP	Hedge Fund1.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM744.2m	#Funds14
Adviser CAMELOT CAPITAL PARTNERS LLC	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM1.5b	#Funds3
Adviser VOSS CAPITAL, LP	Hedge Fund521.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV521.3m	AUM1.9b	#Funds4
Adviser TORONADO PARTNERS LLC	Hedge Fund253.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV253.7m	AUM253.7m	#Funds2
Adviser ALDEN CAPITAL	Hedge Fund15.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV15.8m	AUM1.5b	#Funds1
Adviser FOURTHSTONE LLC	Hedge Fund1.2b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM1.2b	#Funds5
Adviser TWO SEAS CAPITAL LP	Hedge Fund4.6b	Liquidity Fund-	Private Equity Fund124.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.7b	AUM2.8b	#Funds16
Adviser METEORA CAPITAL, LLC	Hedge Fund1.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.5b	#Funds13

Brochure Summary

Overview

Ararat Capital Management LP (hereinafter “Ararat,” “we,” “us,” “our” or the “Firm”) is organized as a Delaware limited partnership. Ararat was formed on December 1, 2015 and maintains a principal place of business in Westport, Connecticut. Ararat Capital Management GP, LLC, a Delaware limited liability corporation, serves as general partner of the Firm (the “General Partner”). Ararat and the General Partner are each principally owned by Raffi Tokatlian (the “Principal”). Ararat provides discretionary investment management services to qualified investors through its private funds: Narrow River Capital Partners Master Fund, L.P.; Narrow River Capital Partners, LP and Narrow River Capital Partners, LTD. We serve as the investment adviser, with discretionary trading authority, to private, pooled investment vehicles, the securities of which are offered through a private placement memorandum to accredited investors, as defined under the Securities Act of 1933, as amended, and qualified purchasers, as defined under the Investment Company Act of 1940, as amended. We do not tailor our advisory services to the individual needs of any particular investor. Ararat also provides discretionary investment advice to a separately managed account (the “Managed Account”). Ararat manages the following private, pooled investment vehicles:
•

Narrow River Capital Partners Master Fund, L.P., a Cayman Islands exempted limited partnership (the “Master Fund”);
• Narrow River Capital Partners, LP, a Delaware limited partnership (the “Onshore Fund”); and
• Narrow River Capital Partners, LTD., a Cayman Islands exempted company (the “Offshore Fund”). The Onshore Fund and the Offshore Fund are collectively referred to as the “Feeder Funds.” The Master Fund, the Onshore Fund and the Offshore Fund are herein each referred to as a “Fund” or “Client,” and collectively referred to as the “Funds” or the “Clients.” The Onshore Fund’s “Limited Partners” and the Offshore Fund’s “Shareholders” are hereafter collectively referred to as the “Investors” where appropriate. Our investment decisions and advice with respect to the Funds are subject to each Fund’s investment objectives and guidelines, as set forth in its respective “Offering Documents.” The Firm has entered into and may enter into “side letters” or similar agreements with certain investors that may waive or modify the application of, or grant special or more favorable rights with respect to the Offering Documents to the extent permitted by applicable law. We do not currently participate in any Wrap Fee Programs. As of December 31, 2023, we have $653,177,406 regulatory assets under management.

ARARAT CAPITAL MANAGEMENT LP

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Overview