Kevin Baker

Kevin Baker is a Partner at Stadium Capital Management LLC, an SEC-registered investment advisor and hedge fund manager headquartered in New Canaan, Connecticut, with a satellite office in New York, NY. In his role, Baker focuses on public equities and leads investment strategy, research, and direct engagement with portfolio company leadership, overseeing capital allocation and value-enhancing initiatives. He is particularly involved in consumer discretionary sectors, evidenced by his decade-long deep-dive into Sleep Number and the mattress industry, and his active role as a major shareholder and board nominee for Sleep Number Corporation.

Baker brings over 14 years of experience in public company investing, with robust expertise in equity research, due diligence, and financial market analysis. His responsibilities have included comprehensive diligence on target sectors, as well as collaborating with management teams of portfolio companies on business turnarounds and strategic capital structure decisions. This track record highlights skill in enhancing shareholder value and navigating complex corporate governance situations.

He holds an undergraduate degree from the University of Notre Dame and a graduate degree from Yale University. Prior roles include Research Assistant at the University of Notre Dame, underscoring a foundation in analytical work and academic rigor before transitioning to investment management. Baker’s contributions to the investment industry are marked by his hands-on work in consumer-facing businesses, capital allocation strategy, and a shareholder-first approach to corporate stewardship.