Sanjay Nayar

Harvest’s investment program primarily consists of event driven investing, specifically merger arbitrage, special situations, long/short equity and investments in distressed securities. The Fund's investment objective is to make investments, both long and short, principally in the securities of public companies that are believed to be undervalued or overvalued with the objective of substantial capital appreciation over a short to intermediate term time horizon. Although, the firm invests primarily in equity securities, the Funds’ may also invest in debt securities, options, convertible securities, bank debt (both term loan and revolving loan facilities), warrants and American Depository Receipts (ADRs).

Functions as a College/University

Bharat Capital manages accounts that invest mainly in distressed and special situations securities. Transactions may include buying, selling or otherwise trading in securities including equities, ETFs, mutual funds, fixed-income instruments, money market funds, US treasury bills, private equity investments, unlisted securities and/or options on such instruments. The firm invests globally. Bharat Capital also shorts securities. The firm invests in distressed and special situations that may include debt or equity of companies that are in spin-offs, restructurings, financial distress, insolvency or liquidation. Bharat Capital also invests in securities of well-capitalized companies when there is the possibility of a corporate event that may unlock value. Some of these securities may become extremely illiquid at times. They may also short securities by short selling the securities themselves or by buying and selling options. Bharat Capital offers two different strategies to investors: Special Situations and Liquid Credit Strategies. Their Special Situations strategy is a highly concentrated portfolio (up to 25% of assets per name at cost) of the firm's best ideas, mostly in the equity space, including distressed securities, spin-offs, recapitalizations, events and any company in general that has material valuation upside potential. These companies typically have market-cap of $10 million to $1 billion. Some of these investments may be relatively illiquid. Bharat Capital may also short securities to hedge market risk as well as to provide absolute return to the portfolio. The firm's Liquid Credit strategy is a mixture of debt and preferred securities that are in many cases paying interest and dividends, coupled with the Special Situations strategy described above. The interest component should assist theoretically in reducing volatility in the portfolio.