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Indaba Capital Management, L.P.

CIK:0001524362
Hedge Fund
$737M AUM
10 holdings
San Francisco, CA, United States
Founded:2010
15 employees
Latest filing:Jun 30, 2025

Indaba Capital Management, L.P. is a San Francisco-based hedge fund founded in 2010, focused on event-driven investment strategies. The firm manages assets primarily for institutional investors and employs a team of professionals experienced in fundamental and catalyst-driven investing across public markets.

Investment Strategy

Indaba Capital Management, L.P. employs an event-driven investment strategy, with a focus on identifying value in public companies undergoing significant corporate actions, such as mergers, acquisitions, restructurings, and other events that can act as catalysts for revaluation. The firm conducts deep fundamental research to identify mispricings and seeks to generate returns for clients through active engagement and opportunistic investment in both equity and credit markets.

Latest 13F Filing Activity

Indaba Capital Management, L.P. filed their most recent 13F report on Jun 30, 2025 disclosing 6 equity positions with a total 13F market value of $135M. The fund increased holdings in On24 Inc., Atlanta Braves HLDGS Inc., Blackbaud Inc. among other positions. Indaba Capital Management, L.P. reduced exposure to Equity Comwlth, Esperion Therapeutics Inc. Ne, Embecta Corp. among others.

Top Buys
E
ESPRESPERION THERAPEUTICS INC NE
-$1.4M
O
ONTFON24 INC
+$975.3K
E
EMBCEMBECTA CORP
-$679.1K
B
BATRKATLANTA BRAVES HLDGS INC
+$634.2K
B
BLKBBLACKBAUD INC
+$416.9K
Top Sells
E
EQCEQUITY COMWLTH
-$13.5M
E
ESPRESPERION THERAPEUTICS INC NE
-$1.4M
O
ONTFON24 INC
+$975.3K
E
EMBCEMBECTA CORP
-$679.1K
B
BATRKATLANTA BRAVES HLDGS INC
+$634.2K

Top Holdings

O
ONTFON24 INC
+17.0%$23.0M
B
BLKBBLACKBAUD INC
+9.2%$12.4M
B
BATRKATLANTA BRAVES HLDGS INC
+3.2%$4.4M
E
ESPRESPERION THERAPEUTICS INC NE
+2.2%$3.0M
E
EMBCEMBECTA CORP
+1.6%$2.2M

Equity Positions (6)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
ON24 INC17.01%$23.0M4,240,256$18.07$5.43+$975.3K
BLACKBAUD INC9.15%$12.4M193,000$62.05$64.21+$416.9K
ATLANTA BRAVES HLDGS INC3.24%$4.4M93,811$40.01$46.77+$634.2K
ESPERION THERAPEUTICS INC NE2.18%$3.0M3,000,000$2.20$0.98-$1.4M
EMBECTA CORP1.59%$2.2M221,938$12.75$9.69-$679.1K

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+40.0%
REAL ESTATE INVESTMENT TRUSTS
+1.8%

Investment Team (6)

NameRoleLocationLinkedIn
G
Greg Nelson
Investment AnalystSan Francisco, CA , United States
Kalpana Naidoo
Kalpana Naidoo
Investment AnalystNew York, NY , United States
Roy Nakamaejo
Roy Nakamaejo
Investment AnalystNew York, NY , United States
S
Sarah Wilson
partnerCA , United States
Tarek Deida
Tarek Deida
Senior Investment AnalystNew York, NY , United States
M
Marco Martin
AnalystSan Francisco, CA , United States