Axar Capital Management LP (“Axar”) is an investment manager focused on value-oriented and opportunistic investing. Headquartered in New York City, the firm was founded by Andrew Axelrod, the former co-head of North America for Mount Kellett Capital Management. Axar’s investment team focuses on opportunities across the capital structure and multiple sectors. The firm seeks attractive prices relative to intrinsic value and invests in event-driven situations with clear catalysts and asymmetric return potential.