# Catenary Alternatives Asset Management, LLC

> Catenary Alternatives Asset Management, LLC is an SEC-registered investment advisory firm in Miami, FL, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 15, 2026.

- CRD: 164517
- Filed as: CATENARY ALTERNATIVES ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: April 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164517
- AdvisorCensus page: https://advisorcensus.com/firm/catenary-alternatives-asset-management-llc-miami-fl-164517

## Quick answers

**How is Catenary Alternatives Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Catenary Alternatives Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Catenary Alternatives Asset Management, LLC located?**
Catenary Alternatives Asset Management, LLC's principal office is in Miami, FL, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Catenary Alternatives Asset Management, LLC registered with the SEC or a state?**
Catenary Alternatives Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164517.

**How much does Catenary Alternatives Asset Management, LLC manage?**
Catenary Alternatives Asset Management, LLC reports $353,308,947 in regulatory assets under management in its Form ADV filing dated April 15, 2026 (100% discretionary).

**How have Catenary Alternatives Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Catenary Alternatives Asset Management, LLC: Regulatory assets under management: $1,150,719,734 in the October 2021 data and $353,308,947 in the October 2026 data, down 69%. Total employees: 6 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Catenary Alternatives Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3); corporations or other businesses not listed above (1).

**Which custodians does Catenary Alternatives Asset Management, LLC use?**
Catenary Alternatives Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley as custodians holding 10% or more of its separately managed account assets.

**Does Catenary Alternatives Asset Management, LLC 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/164517

**Does Catenary Alternatives Asset Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated April 15, 2026 says: "The stated minimum commitment to the Funds is $5 million. The Board of Directors of Catenary Gangkhar do, however, maintain discretion to individually waive, increase or reduce the minimum commitment required to invest in the Funds."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 15, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> The stated minimum commitment to the Funds is $5 million. The Board of Directors of Catenary Gangkhar do, however, maintain discretion to individually waive, increase or reduce the minimum commitment required to invest in the Funds.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- BofA Securities, Inc.
- Goldman Sachs & Co. LLC
- Morgan Stanley

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: $353,308,947
- Discretionary: $353,308,947
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $7,455 |
| Corporations or other businesses not listed above | 1 | $353,301,492 |

### 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: 2012 (14 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- catenaryalts.com
- LinkedIn @catenary-alternatives-asset-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,150,719,734 | 6 | March 29, 2021 |
| October 2022 | $105,348,732 | 4 | March 31, 2022 |
| October 2023 | $211,299,973 | 4 | March 30, 2023 |
| October 2024 | $238,328,331 | 5 | March 28, 2024 |
| October 2025 | $337,204,889 | 5 | March 31, 2025 |
| October 2026 | $353,308,947 | 5 | April 15, 2026 |

Regulatory assets under management: $1,150,719,734 in the October 2021 data and $353,308,947 in the October 2026 data, down 69%.
Total employees: 6 in October 2021 and 5 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Catenary Alternatives Asset Management, LLC (CRD 164517): Form ADV filing data as of October 2026.