D1/D5 systems in ${\cal N}=4$ string theories
E. Gava, A.B. Hammou, J.F. Morales, K.S.Narain

TL;DR
This paper constructs conformal field theory descriptions of D1/D5 brane systems in specific type IIB string theory orbifolds, matching two-charge state counts with U-duality predictions and exploring puzzles in three-charge systems.
Contribution
It introduces new CFT models for D1/D5 systems in Z_2 orbifolds and discusses their implications for BPS state counting and U-duality constraints.
Findings
Two-charge state multiplicities match U-duality predictions.
Identifies a puzzle in three-charge BPS state counting.
Suggests RR backgrounds in CFT may resolve the puzzle.
Abstract
We propose CFT descriptions of the D1/D5 system in a class of freely acting Z_2 orbifolds/orientifolds of type IIB theory, with sixteen unbroken supercharges. The CFTs describing D1/D5 systems involve N=(4,4) or N=(4,0) sigma models on , where the action of Z_2 is diagonal and its precise nature depends on the model. We also discuss D1(D5)-brane states carrying non-trivial Kaluza-Klein charges. The resulting multiplicities for two-charge bound states are shown to agree with the predictions of U-duality. We raise a puzzle concerning the multiplicities of three-charge systems, which is generically present in all vacuum configurations with sixteen unbroken supercharges studied so far, including the more familiar type IIB on K3 case: the constraints put on BPS counting formulae by U-duality are apparently in contradiction with any CFT…
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