Seeking opportunity away from the well-trodden path, Varana Capital, LLC cooperatively engages with companies, while investing across the capital structure, in pursuit of meaningful, differentiated returns
We typically have only a handful of investments at any given time
Once invested, we are true partners to portfolio companies, often bringing additional capital, consultation, or strategic partners to assist with growth and development
We are much more focused on maximizing return than on minimizing interim volatility
Our Core Principles
Public and private investment opportunities typically overlooked or ignored by the broader market
Invest only when we:
Sit on or advise the BoD
Directly finance or restructure the balance sheet
A virtuous circle of constituents working together to maximize value
We are more concerned with maximizing return than minimizing interim volatility
Philip Broenniman, CFA
Varana Capital is always interested in meeting with individuals who are passionate about investing, analysis, and marketing
Philip Broenniman, Managing Partner and Portfolio Manager, brings to Varana (VCLLC) over 30 years of investment, analytical, and advisory experience. Prior to co-founding VCLLC in 2012, he held the positions of Principal and Portfolio Manager at Visium Asset Management, LP; Managing Partner and Portfolio Manager at Cadence Investment Partners, LLC; and Investment Analyst with the Bass Family Office in Fort Worth, TX. He began his career at Salomon Brothers Inc. trading fixed-income futures and options. As part of the Varana investment strategy of cooperative engagement, Phil and his partner sit on or advise the Board of multiple public/private companies, working with each on strategic planning, operational dynamics, and balance sheet needs/restructuring.
He earned a BS in Computer Science from Duke University in 1987, an MBA from the Darden School at the University of Virginia in 1993 and the Chartered Financial Analyst (CFA) designation in 2000.
Ezra Gardner, Partner and Portfolio Manager, brings to Varana over 20 years of analytical and investment experience. Prior to co-founding VCLLC in 2012, he held the positions of Managing Partner and Portfolio Manager at Omnium Capital, LLC, a family office he co- founded in Tel Aviv, Israel; Head of UBS' US Equity Portfolio for the Fundamental Investment Group where he also sat on US Trading Committee; Senior Analyst at MSD Capital (Michael Dell family fund management office); and Analyst in investment banking at JP Morgan. As part of the Varana investment strategy of cooperative engagement, Ezra and his partner sit on or advise the Board of multiple public/private companies, working with each on strategic planning, operational dynamics, and balance sheet needs/restructuring.
Mr. Gardner earned a BA in Economics (honors) and a BA in International Relations from Brown University in 1999.