# Canaras Capital Management, LLC

> Canaras Capital Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2007, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 14, 2026.

- CRD: 142766
- Filed as: CANARAS CAPITAL MANAGEMENT, LLC
- Also doing business as: SARANAC CLO MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/142766
- AdvisorCensus page: https://advisorcensus.com/firm/canaras-capital-management-llc-new-york-ny-142766

## Quick answers

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

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

**Is Canaras Capital Management, LLC registered with the SEC or a state?**
Canaras Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142766.

**How much does Canaras Capital Management, LLC manage?**
Canaras Capital Management, LLC reports $561,000,000 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (100% discretionary).

**How have Canaras Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Canaras Capital Management, LLC: Regulatory assets under management: $1,749,000,000 in the October 2021 data and $561,000,000 in the October 2026 data, down 68%. Total employees: 18 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Canaras Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8).

**Does Canaras Capital Management, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/142766

**What changed in Canaras Capital Management, LLC's recent Form ADV filings?**
In the August 2026 filing data: Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2)).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $561,000,000
- Discretionary: $561,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | Fewer than 5 | $0 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $561,000,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2007 (19 years)
- Employees: 10 total, 8 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/142766

### Websites listed on Form ADV (Item 1.I)
- canaras.com
- Facebook @CANARAS
- LinkedIn @canaras-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,749,000,000 | 18 | March 17, 2021 |
| October 2022 | $1,727,496,000 | 17 | March 17, 2022 |
| October 2023 | $1,632,000,000 | 17 | July 4, 2023 |
| October 2024 | $1,306,000,000 | 17 | March 27, 2024 |
| October 2025 | $938,000,000 | 13 | March 28, 2025 |
| October 2026 | $561,000,000 | 10 | July 14, 2026 |

Regulatory assets under management: $1,749,000,000 in the October 2021 data and $561,000,000 in the October 2026 data, down 68%.
Total employees: 18 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2)).

### December 2025
- Employees performing advisory functions went from 10 to 8.
- Regulatory assets under management went from $938,000,000 to $667,666,000 (-29%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Canaras Capital Management, LLC (CRD 142766): Form ADV filing data as of October 2026.