Axar Capital

Axar Capital is an SEC-registered investment advisor based in New York City, founded in 2015 by Andrew Axelrod, a former co-head of North America for Mount Kellett Capital Management. The firm specializes in opportunistic corporate credit and special situations within the North American middle market. Its investment team primarily targets middle-market high-yield bonds and leveraged loans across various sectors, including financial services, real estate, industrials, consumer products and retail, and energy. Axar Capital focuses on both stressed and distressed investment opportunities, leveraging its expertise to assist businesses with investment management, financial planning, and supervisory services for business development. The firm operates with a dedicated team of 11 professionals.

Andrew Axelrod

Founder and Managing Partner

Fountain, Craig

Principal

2 past transactions

XS Financial

Private Equity Round in 2024
XS Financial is a specialized financial services company that focuses on providing competitively-priced, non-dilutive capital expenditure (CAPEX) financing solutions to the U.S. cannabis industry. The company primarily caters to a diverse range of clients, including cultivators, processors, manufacturers, and testing laboratories within the cannabis and hemp sectors. In addition to its core financing offerings, XS Financial also offers equipment leasing solutions and a comprehensive suite of consulting services. These services encompass equipment selection and procurement, supported by a network of preferred vendor partnerships with original equipment manufacturers and distributors. By addressing the unique financial needs of cannabis businesses, XS Financial aims to facilitate growth and operational efficiency within the industry.

Pavonia Life Insurance

Acquisition in 2022
Pavonia Life Insurance is a privately held company that provides life insurance services.
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