325 Capital LLC
325 Capital LLC is a New York-based investment adviser founded by experienced private equity professionals who previously built the private equity group at Bain & Co. and managed Sagard Capital. The firm, with fewer than 25 employees, focuses on being a long-term, significant minority owner of high-quality small-cap public companies. 325 Capital employs a disciplined, data-driven investment process, engaging constructively with management teams and boards to create value. The firm is led by Managing Partners Michael Braner, Dan Friedberg, and Anil Shrivastava, and serves institutional and sophisticated investors.
Investment Strategy
325 Capital invests in a concentrated portfolio of high-quality, small-cap public companies where it can take a significant minority stake. The firm targets an under-covered universe of companies with strong growth potential, leveraging deep data analytics and active engagement with management and boards. Its strategy involves long-term ownership, value creation through constructive partnership, and disciplined selection of firms with identifiable catalysts or windows for growth, emphasizing thorough research developed through decades of private equity and operational experience.
Top Holdings
Equity Positions (10)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A APEI | AMERICAN PUB ED INC | 18.38% | $46.6M | 1,528,503 | $16.24 | $30.46 | -$4.1M |
A ATRO | ASTRONICS CORP | 17.98% | $45.6M | 1,360,675 | $11.92 | $33.48 | +$4.5M |
B BLBD | BLUE BIRD CORP | 13.17% | $33.4M | 773,193 | $17.18 | $43.16 | +$8.3M |
M MPAA | MOTORCAR PTS AMER INC | 8.92% | $22.6M | 2,018,795 | $12.48 | $11.20 | +$3.4M |
S SPIR | SPIRE GLOBAL INC | 8.81% | $22.3M | 1,875,000 | $8.09 | $11.90 | +$7.1M |
Industry Allocation
Investment Team (4)
| Name | Role | Location | |
|---|---|---|---|
 | Managing Partner | Greenwich, CT , United States | |
 | Managing Partner | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
 | Managing Partner | New York, NY , United States |