DG Capital Management LLC

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DG Capital Management LLC ✚
CRD #	157258
SEC #	801-72420
CIK #	0001123798, 0001512716, 0001966759
AUM	521.9 M (2026-05-04)
Employees	11 (100% Investors, 0% Brokers)
Fees
Minimum
Phone	646-942-5700
Address	420 Lexington Avenue New York, NY 10170
Source	[IAPD] [EDGAR] [Website] [LinkedIn]

Total AUM ($M) Copy

CIK	Period
0001123798 0001512716 0001966759	2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31

CIK

Period

0001123798 0001512716 0001966759

Sector	Form 13F Holdings	Value ($M)
	Mercury General Corp	83.6
	Talen Energy Corp	80.5
	GoDaddy Inc	25.4
	Golar LNG Ltd	13.4
	Eldorado Resorts Inc	12.0
	Nile Therapeutics Inc	11.9
	Glatfelter P H Co	11.5
	Altimar Acquisition Corp	9.3
	Morgan Stanley Direct Lending Fund	8.0
	Pacific Datavision Inc	6.4
	United Insurance Holdings Corp	5.2
	ALTC Acquisition Corp	3.7
	Spring Valley Acquisition Corp	2.7
	Genesis Energy LP	1.7
	Team Inc	0.9
	Now Inc	0.7
	Burford Capital Ltd	0.4
	United Therapeutics Corp	0.3













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Type	Form D Funds	Date	Sold	AUM
PE	DG Capital Next-Gen Energy SPV LP	[2026-03-27]	11.3 M	11.2 M
	Filed 2026-03-16 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $250,000 · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose
HF	DG Special Opportunities LP	[2021-03-30]	20.9 M	12.6 M
	Filed 2022-02-11 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	DG Credit Opportunities LP	[2014-03-31]	14.5 M	12.5 M
	Filed 2014-08-15 (D/A) · Exemption 506(b), 3(c)(1) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	DG Value Partners II Master Fund LP	[2013-04-01]	85.8 M	425.7 M
	Filed 2026-02-20 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	DG Value Partners II LP	2013-02-21		49.0 M
HF	DG Value Partners LP	[2012-03-30]	115.7 M	44.4 M
	Filed 2018-02-28 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Special Situations LLC	2012-03-30		47.0 M
HF	Special Situations X LLC	2012-03-30		46.0 M

AUM Breakdown	Accounts	AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)	0	0.0
(b) Individuals (high net worth individuals)	0	0.0
(c) Banking or thrift institutions	0	0.0
(d) Investment companies	0	0.0
(e) Business development companies	0	0.0
(f) Pooled investment vehicles	4	481.4
(g) Pension and profit sharing plans	0	0.0
(h) Charitable organizations	0	0.0
(i) State or municipal government entities	0	0.0
(j) Other investment advisers	0	0.0
(k) Insurance companies	0	0.0
(l) Sovereign wealth funds and foreign official institutions	0	0.0
(m) Corporations or other businesses not listed above	0	0.0
(n) Other	8	40.4
Total	13	521.9
By Discretionary
Discretionary	13	521.9
Non-Discretionary	0	0.0
Total	13	521.9
By Non-United States Persons
Non-United States Persons		68.7
United States Persons		453.2
Total	13	521.9

Form D Directors	Role	# Filings	# Firms
Kevin Phillip	Director	193	39
Alan Kelly	Director	39	17
Dov Gertzulin	Executive Officer	8	2
DG Capital Management LLC	Promoter	6	2
DG Capital Partners LLC	Promoter	2	2
DG Special Opportunities GP LLC	Promoter	1	1
Allen Kelly	Director	1	1
Gertzulin Dov	Executive Officer	1	1
DG Capital Partners III LLC	Executive Officer	1	1

EDGAR Form	CIK	2011 - 2026
13F-HR	[0001123798]
13F-HR	[0001512716]
3	[0001512716]
4	[0001512716]
SC 13D	[0001512716]
SC 13G	[0001512716]
D	[0001966759]

Form 13D/13G Filer	Form 13D/13G Subject	Filed
DG Capital Management LLC	Anterix Inc	[2025-08-14]
DG Capital Management LLC	Fennec Pharmaceuticals Inc	[2024-06-27]
DG Capital Management LLC	Invacare Holdings Corp	[2023-05-15]
DG Capital Management LLC	Blueknight Energy Partners LP	[2021-10-13]
DG Capital Management LLC	Inspired Entertainment Inc	[2021-08-03]
DG Capital Management LLC	Ricebran Technologies	[2017-07-28]
DG Capital Management LLC	ICTV Brands Inc	[2017-02-06]
DG Capital Management LLC	Innovative Industrial Properties Inc	[2016-12-20]
DG Capital Management LLC	Aware Inc /MA/	[2016-01-20]
DG Capital Management LLC	Community Healthcare Trust Inc	[2016-01-14]
View All

Firm Profile (Form ADV)
Discretionary AUM	$0.3B
Clients	1 (8 non-US)
Serves	Institutional
Fund Types	Hedge Fund, Private Equity

Form 3/4/5 Subject	2011 - 2026
Invacare Corp
Gertzulin Dov
DG Capital Management LLC
HC2 Holdings Inc

Insider Transaction (Form 3/4/5)	Date	Action	Shares	Price	Value ($)
Invacare Corp IVCRQ Series B Redeemable Preferred Stock (non-convertible)	2024-10-29	Buy	1,408,002
Invacare Corp IVCRQ 9.00% Series A Convertible Participating Preferred Stock · derivative	2024-10-29	Sell	1,408,002
Invacare Corp IVCRQ Common Stock	2024-03-13	Other	4,182,724	$0.00
HC2 Holdings Inc HCHC Common Stock	2015-04-02	Sell	25,000	$10.91	272,750
HC2 Holdings Inc HCHC Common Stock	2015-04-02	Sell	9,218	$11.01	101,490
HC2 Holdings Inc HCHC Common Stock	2015-04-02	Sell	15,000	$11.04	165,600
HC2 Holdings Inc HCHC Common Stock	2015-04-01	Sell	4,897	$10.95	53,622
HC2 Holdings Inc HCHC Common Stock	2015-04-01	Sell	11,675	$10.91	127,374
HC2 Holdings Inc HCHC Common Stock	2015-03-31	Sell	60,886	$11.02	670,964
HC2 Holdings Inc HCHC Common Stock	2015-03-30	Sell	32,615	$11.60	378,334
HC2 Holdings Inc HCHC Common Stock	2015-03-27	Sell	14,029	$11.95	167,647
HC2 Holdings Inc HCHC Series A-1 Convertible Participating Preferred Stock · derivative	2014-09-22	Buy	1,000	$1,000.00	1,000,000

Comparable Firms	State	AUM
Suntx Capital Management Corp ✚	TX	554.2 M
Troob Capital Management LLC ✚	NY	537.9 M
Passport Capital LLC ✚	CA	532.4 M
P Schoenfeld Asset Management LP ✚	NY	532.2 M
Strength Capital Partners LLC ✚	MI	528.0 M
Boardman Bay Capital Management LLC ✚	NY	518.4 M
Endowment Advisers LP ✚	TX	499.7 M
Riposte Capital LLC ✚	NY	496.6 M
Basin Oil and Gas Management LP ✚	TX	492.7 M
Bridger Management LLC ✚	NY	485.2 M

DG Capital Management LLC

Assets, Funds, Holdings