Maglan Capital LP 25 West 39

th
Street New York, NY 10018 212-300-6700 www.maglan.com
Fund Summary
0%
20%
40%
60%
80%
100%
Portfolio Composition
Credit Equity
Portfolio Manager Overview & Fund Summary
Maglan Capital is an event-driven fund with a core focus on liquid instruments of companies
approaching or experiencing bankruptcy, restructuring and operational turnaround.
Since inception, the Fund has an average annual net return of greater than 18%.
Maglan focuses on all parts of the distressed cycle and on all parts of the capital structure: the
downdraft (short debt and equity), the trough (loan-to-own) and the recovery (equity multiple
appreciation with operational efficiencies).
The co-founders have been together since practicing bankruptcy and restructuring law at Skadden
Arps in the late 90s. Prior to founding Maglan, they managed Credit Suisses fixed-income
alternative-asset trading business.
Monthly Net Performance since inception (2009-10 SMAs)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2014 4.08 5.80 0.88 (1.34) 2.87 1.83 (3.20) 11.13%
2013 7.17 (2.23) 2.05 2.60 14.63 (1.78) 5.03 0.96 2.51 4.13 5.34 7.95 58.99%
2012 1.11 0.12 (9.88) 9.44 (1.45) 2.14 3.02 8.25 6.04 (0.87) 9.43 9.39 41.03%
2011 4.30 4.10 (2.89) 2.22 (8.07) (0.41) (7.05) (14.18) (22.90) 12.59 (0.07) (4.54) (34.82%)
2010 2.76 2.22 2.22 0.94 0.71 1.22 1.36 1.41 0.44 1.54 1.52 3.76 21.99%
2009 6.27 4.26 4.03 3.93 2.11 2.11 0.88 0.53 0.53 0.39 0.28 0.32 28.60%
Performance Highlights
As of July 31, 2014
Month-to-Date -3.20%
Year-to-Date 11.13%
Portfolio
Steven Azarbad,
Chief Investment Officer
David D. Tawil,
President
Credit Suisse (Leveraged Finance)
Weil Gotshal (Bankruptcy & Insolvency)
US Bankruptcy Court (Delaware)
Skadden Arps (Bankruptcy)
Brooklyn Law School
Credit Suisse (Leveraged Finance)
Davis Polk & Wardwell (Restructuring)
Skadden Arps (Bankruptcy)
University of Michigan Law School
13%
6%
21%
6%
6%
10%
38%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Sector Exposure
Top Holdings Top 3 positions
FairPoint Communications
MGM Studios
Madalena Energy Inc.
Fund Information
Minimum
Investment
$1MM
Management
Fees
2.0% of AUM per annum
Performance
Fees
20% annually of net profits,
subject to high water mark
Subscription Monthly
Redemptions Quarterly with 65 days notice
Lock-Up, Side-
Pockets, Gates
None
Prime Broker Jefferies LLC
Custodian
Deutsche Bank Trust
Company Americas
Administrator SS&C GlobeOp
Auditor KPMG LLP
Legal Counsel/
Offshore
Schulte Roth & Zabel; Maples
and Calder (Cayman Islands)
Reporting
Monthly Letters &
Audited Financials
Firm Assets
As of August 1, 2014
Maglan Distressed Fund LP
(on-shore)
$65.3mm
Maglan Distressed
Offshore Fund Ltd
$4.3mm
Maglan Capital LP 25 West 39
th
Street New York, NY 10018 212-300-6700 www.maglan.com
Fund Summary
2014 Performance Comparison
David D. Tawil
President
212-300-6791
david@maglan.com
Steven Azarbad
Chief Investment Officer
212-300-6790
steven@maglan.com
PAST PERFORMANCE SHOULD NOT BE CONSTRUED AS AN INDICATOR OF FUTURE RESULTS. INVESTORS SHOULD UNDERSTAND THAT THE PERFORMANCE OF THE MAGLAN FUNDS COULD BE MATERIALLY DIFFERENT
THAN THE RESULTS SHOWN HERE AND INVESTORS MAY LOSE SOME OR ALL OF THEIR INVESTMENT. RETURNS INCLUDE THE REINVESTMENT OF ALL DIVIDENDS, INTEREST, INCOME AND PROFITS.
IMPORTANT NOTICE REGARDING CALCULATION OF RETURNS: The current month's and the current year's estimated returns are based on preliminary valuations and are subject to change. These returns may be adjusted
positively or negatively as a result of subsequent valuations or any future audit process. Any such adjustments could have a material impact on the estimated net returns, including a change from a positive net return to
a negative net return.
Please see the Private Placement Memorandum for a full list of disclosures.
11.13%
5.66%
6.00%
-5%
0%
5%
10%
15%
20%
2014 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec
Maglan Capital
S&P 500
Bloomberg Event-Driven/Special Situations
Hedge Fund Index(BBHFSPEC)
Compounded Maglan Return Since Inception ($1,000 USD)
1,086
991
607
652
595
655
775
919
983
1,136
1,234
1,462
1,624
1,624
500
700
900
1,100
1,300
1,500
1,700
1,900
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Comparative Results
July 2014 Year to Date 2014
Total Net Return
Inception (Jan 11) to Date
Annualized Return
Inception (Jan 11) to Date
Maglan Capital LP -3.20% 11.13% 62.41% 17.42%
Bloomberg Event-Driven/Special Situations
Hedge Fund Index(BBHFSPEC)
0.41% 6.00% N\A N\A
S&P 500 -1.38% 5.66% 65.70% 18.33%
NASDAQ -0.82% 5.35% 72.45% 20.22%
Russell 2000 -6.05% -3.06% 50.01% 13.96%