# Axar Capital Management LP

> Axar Capital Management LP is an SEC-registered investment advisory firm in New York, NY, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 1, 2026.

- CRD: 217520
- Filed as: AXAR CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/217520
- AdvisorCensus page: https://advisorcensus.com/firm/axar-capital-management-lp-new-york-ny-217520

## Quick answers

**How is Axar Capital Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Axar Capital Management LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Axar Capital Management LP located?**
Axar Capital Management LP's principal office is in New York, NY, according to its Form ADV.

**Is Axar Capital Management LP registered with the SEC or a state?**
Axar Capital Management LP is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 217520.

**How much does Axar Capital Management LP manage?**
Axar Capital Management LP reports $3,598,944,023 in regulatory assets under management in its Form ADV filing dated June 1, 2026 (100% discretionary).

**How have Axar Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Axar Capital Management LP: Regulatory assets under management: $963,214,713 in the October 2021 data and $3,598,944,023 in the October 2026 data, up 274%. Total employees: 10 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Axar Capital Management LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (22); other (2); insurance companies (1).

**Which custodians does Axar Capital Management LP use?**
Axar Capital Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, FHLB DES Moines and Fifth Third Bank as custodians holding 10% or more of its separately managed account assets.

**Does Axar Capital Management LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/217520

**What changed in Axar Capital Management LP's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- FHLB DES Moines
- Fifth Third Bank

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $3,598,944,023
- Discretionary: $3,598,944,023
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 22 | $2,068,941,569 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 1 | $1,166,488,421 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 2 | $363,514,033 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 13 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [axarcapital.com](https://axarcapital.com)
- LinkedIn @axar-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $963,214,713 | 10 | June 3, 2021 |
| October 2022 | $1,231,386,864 | 11 | July 13, 2022 |
| October 2023 | $2,301,983,359 | 10 | May 11, 2023 |
| October 2024 | $2,566,649,135 | 13 | July 3, 2024 |
| October 2025 | $3,145,340,571 | 13 | March 31, 2025 |
| October 2026 | $3,598,944,023 | 13 | June 1, 2026 |

Regulatory assets under management: $963,214,713 in the October 2021 data and $3,598,944,023 in the October 2026 data, up 274%.
Total employees: 10 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $3,145,340,571 to $3,598,944,023 (+14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Axar Capital Management LP (CRD 217520): Form ADV filing data as of October 2026.