Altai Capital Management, L.P.
Altai Capital Management, L.P. is an independent, value-oriented private investment firm headquartered in Newport Beach, California. Founded by Rishi Bajaj, Steven Tesoriere, and Toby Symonds, the firm manages a small team (estimated 6-7 employees) and focuses on generating attractive returns through investments across the capital structures of leveraged and distressed companies, as well as in complex and misunderstood situations. Altai Capital serves institutional and high-net-worth clients with a particular focus on opportunistic investments in both credit and equity markets.
Investment Strategy
Altai Capital seeks to generate attractive returns by investing throughout the capital structures of leveraged and distressed companies, companies in industries undergoing change, and complex, misunderstood situations where trading prices diverge from intrinsic value estimates. The firm takes both long and short positions across various financial instruments, including distressed debt, high yield securities, bank debt, credit default swaps, convertible bonds, equities, and other corporate-related instruments. Altai Capital employs rigorous due diligence and typically looks for investments with catalysts for value realization.
Top Holdings
Equity Positions (5)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
D DMRC | DIGIMARC CORP NEW COM | 66.17% | $36.6M | 2,769,346 | $20.94 | $13.21 | +$1.1M |
S SKYH | SKY HARBOUR GROUP CORPORATIO COM CL A | 13.25% | $7.3M | 749,546 | $9.66 | $9.77 | -$2.5M |
O OSUR | ORASURE TECHNOLOGIES INC COM | 11.73% | $6.5M | 2,162,348 | $3.03 | $3.00 | +$6.0M |
Y YTRA | YATRA ONLINE INC ORD SHS | 5.73% | $3.2M | 3,252,708 | $3.98 | $0.97 | +$585.0K |
E ETWO | E2OPEN PARENT HOLDINGS INC COM CL A | 2.72% | $1.5M | 465,354 | $5.10 | $3.23 | -$7.8M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SKYH-WT | SKY HARBOUR GROUP CORPORATIO W EXP 01/25/202 | — | Call | $223.0K | 1,310 | $1.70 | $1.26 | 0 | -$180.0K |
Industry Allocation
Investment Team (2)
| Name | Role | Location | |
|---|---|---|---|
B Brandon A. | Analyst | CA , United States | |
J Janak Goyani | Partner | Newport Beach, CA , United States |