# Cadian Capital Management

Cadian Capital Management is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** cadiancapital.com
- **LinkedIn:** https://www.linkedin.com/company/cadian-capital-management

## Regulatory record

- **CRD number:** 157813
- **SEC file number:** 801-72922
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/157813

## About

CADIAN CAPITAL MANAGEMENT, LP is an SEC-registered investment adviser in NEW YORK, NY, registered since 2012. The firm manages approximately $2.7 billion in regulatory assets. It has 20 employees and 9 investment advisers.

## Sectors

- Technology
- Enterprise Software
- Media & Entertainment

## People

- Eric Bannasch — Founder and Portfolio Manager

## Questions

### Who runs investment decisions at Cadian Capital Management?

Eric Bannasch serves as the founder and portfolio manager with sole authority over all investment decisions. Bannasch previously spent over a decade at Perry Capital, where he led technology, media, and telecommunications investments before launching Cadian in 2007. The firm has not appointed co-portfolio managers or sector heads who independently manage capital — all position sizing, entry, and exit decisions remain centralized under Bannasch.

### Does Cadian operate as a long/short fund or a long-only vehicle?

Cadian is structured as a long/short equity fund, but its posture is predominantly long-biased. The short book serves both as a hedging mechanism and as a source of alpha on names where Bannasch identifies structural challenges or overvaluation in the technology sector. However, the firm's reputation has been built on its long positions, which it tends to hold for multiple years rather than trading around short-term catalysts.

### Which sectors does Cadian explicitly avoid?

Cadian has not publicly issued an exclusion list, but the firm's investment history demonstrates a consistent focus on technology, particularly enterprise software, cloud platforms, and internet businesses. It generally avoids sectors outside its circle of competence, including biotech, energy, and financials, except when those companies exhibit technology-centric business models or are undergoing software-driven transformations that fit Bannasch's analytical framework.

### What is Cadian's known posture on co-investments or club deals?

Cadian invests exclusively in publicly traded securities and does not participate in private co-investments, club deals, or pre-IPO rounds. The firm's mandate is confined to liquid public equities, where it can scale positions and manage risk through daily market pricing. This distinguishes Cadian from crossover funds that blend public and private technology exposure.

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- [Cademuir Wealth Management](https://altss.com/profile/cademuir-wealth-management)
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Last updated: 2026-06-03T20:00:00.000Z

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