North Peak Capital Management, LLC

Background

North Peak Capital Management, LLC is a New York-based investment firm specializing in long-biased, long-short equity strategies. The firm emphasizes deep research, selective and patient investing, and tax efficiency. Beyond financial objectives, North Peak is committed to humanitarian causes, pledging 50% of management and incentive fees on incremental capital to charitable initiatives focused on global health, environmental protection, economic development, and child empowerment.

Key Strategic Focus

North Peak's investment approach centers on identifying undervalued small and mid-cap public equities with the potential to enhance shareholder value over the medium term. The firm maintains a concentrated, long-biased portfolio, conducting comprehensive research to inform its investment decisions.

Financials and Funding

As of Q2 2024, North Peak Capital Management reported assets under management (AUM) totaling approximately $851 million, distributed across eight holdings. The firm's portfolio turnover from Q1 2024 to Q2 2024 was 50.0%.

Pipeline Development

North Peak's investment portfolio includes significant positions in companies such as Hilton Grand Vacations Inc., Smartsheet Inc., Charles Schwab Corporation, Workday Inc., and Driven Brands Holdings Inc. The firm actively manages its holdings, adjusting positions based on market conditions and company performance.

Technological Platform and Innovation

While North Peak Capital Management does not publicly disclose proprietary technologies or scientific methodologies, the firm leverages advanced financial analysis tools and data-driven research to inform its investment strategies.

Leadership Team

Michael Kahan, Managing Partner: Co-founded North Peak's predecessor entity, transitioning to public equity investing in 2015. Previously a Director at Onex Corporation and a management consultant at McKinsey & Company. Holds an M.B.A. from Harvard Business School and a B.A. in Economics from Harvard University.

Jeremy Kahan, Managing Partner: Prior to co-founding North Peak, served as a founding analyst at Bow Street and an Associate in the Private Equity Group at MSD Capital. Holds an M.B.A. from Harvard Business School and a B.A. in Political Science from Yale University.

Michael Lorch, Chief Financial Officer and Chief Compliance Officer: Previously served as CFO/CCO at LMJ Capital LP and MSF Capital LLC/EnTrust Capital Inc. Holds a B.S. in Accounting from Touro College and is a CPA.

Jason Schiff, Head of Investor Relations: Oversees investor relations, providing communication between the firm and its investors.

Gabrielle McCarthy, Controller: Manages financial reporting and internal controls.

Tyler Hall, Analyst: Conducts investment analysis and research.

Scott Lefever, Analyst: Supports investment decision-making through research and analysis.

Leadership Changes

There have been no recent significant changes or appointments within North Peak Capital Management's leadership team.

Competitor Profile

Market Insights and Dynamics

The hedge fund industry, particularly firms focusing on long-short equity strategies, has experienced growth driven by investor demand for diversified investment approaches. The market is characterized by intense competition, with firms striving to differentiate through unique investment philosophies and performance.

Competitor Analysis

North Peak Capital Management's competitors include:

Serve Capital Partners: A venture capital and private equity firm with approximately 10 employees and $1.8 million in revenue.

Black Canyon Capital: Specializes in venture capital and private equity, employing around 14 individuals with $3.6 million in revenue.

Navia Partners: A finance-focused firm with 5 employees and $3.4 million in revenue.

Ellipse Capital: Operates in the venture capital and private equity sector, with 6 employees and $1.8 million in revenue.

Wayzata Investment Partners: A larger firm with 26 employees and $4 million in revenue, focusing on investment management.

Strategic Collaborations and Partnerships

North Peak Capital Management has not publicly disclosed specific strategic collaborations or partnerships.

Operational Insights

North Peak's concentrated investment approach and commitment to deep research provide a competitive advantage in identifying undervalued opportunities. The firm's philanthropic commitment further distinguishes it within the industry.

Strategic Opportunities and Future Directions

North Peak Capital Management aims to continue its focus on small and mid-cap equities, leveraging its research capabilities to identify investment opportunities. The firm is also committed to expanding its philanthropic initiatives, aligning financial success with social impact.