59 North Capital Management, Lp

59 North Capital Management, LP is a financial advisor firm established in August 2018, located in Houston, Texas. The firm specializes in offering investment advisory services to pooled investment vehicles intended for sophisticated investors, including a master-feeder structure of Funds and separately managed accounts. The firm's investment strategy focuses on fundamental analysis to identify inefficiently priced securities in sectors such as Consumer, Industrials, Media, Telecom, Financial Services, and Real Estate. They manage approximately $4.2 billion in regulatory assets under management as of December 31, 2024. For fees, the firm charges an annual management fee of 1.5% of assets under management, collected quarterly in advance. Founders class investors receive reduced fees. The firm may also charge performance fees ranging from 15% to 20% of net profits, subject to high water mark provisions. The firm has not been subject to any disciplinary actions and does not participate in wrap fee programs. They have full investment discretion over client accounts and have established proxy voting policies to ensure votes are in the best interest of clients. The firm complies with custody requirements and provides audited financial statements to investors. The firm has not engaged third-party placement agents and does not have custody of funds in separately managed accounts.