Crescat Capital
Crescat Capital is a Denver-based private global macro asset manager that runs five hedge fund strategies and separately managed accounts, exclusively for SEC-accredited investors and qualified clients. The firm combines proprietary quantamental models with an activist mining exploration strategy, positioning around a "Great Rotation" macro thesis from US tech equities into precious metals.
- Company typePrivate
- Founded2008
- HeadquartersDenver, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Crescat Capital does
Crescat Capital is a Denver-based, privately held global macro asset management firm founded in 2006 that deploys tactical investment themes through proprietary value-driven quantitative models. The firm manages a platform of five hedge fund strategies: the Crescat Global Macro Fund and Crescat Institutional Macro Fund as flagship comprehensive strategies capable of investing long and short across any asset class; the Crescat Precious Metals Fund and Crescat Institutional Precious Metals Fund focused on activist exploration investments in mining companies; and the Crescat Long/Short Fund for traditional equity alpha. Crescat also offers separately managed account composites for large-cap equities and precious metals mining exposure. Underlying investment infrastructure includes proprietary quantamental models spanning AI Quantamental Equity, Macro, Precious Metals, and Energy themes, with the firm's activist metals strategy further supported by in-house geologic expertise from Quinton T. Hennigh, PhD.
Crescat serves exclusively SEC-accredited investors and qualified clients through private placement offerings, reaching high-net-worth individuals and institutional investors via direct relationship management led by its Head of Investor Relations. The firm earns revenue through conventional hedge fund economics, charging management fees and performance/incentive allocations on committed LP capital, plus standard SMA management fees. Distribution is entirely direct, with no third-party intermediaries, public channels, or institutional placement agents. The Global Macro Fund is closed to new US investors and the Precious Metals Fund operates at limited capacity, both signals of strong demand relative to available strategy capacity.
The firm's overarching investment thesis is "The Great Rotation," a contrarian macro call positioning for capital reallocation out of overvalued US megacap tech equities into undervalued precious metals mining, international markets, and hard assets. Crescat's external marketing emphasizes its Negative Downside Capture ratio since inception on the Global Macro Fund and outsized Precious Metals Fund performance (150.1% cumulative net of fees from August 2020 through September 2024), validated by Preqin rankings placing all five funds in the top 10 hedge funds globally for 2025. Crescat operates with 1-10 employees from a single Denver headquarters, with affiliated entity Crescat Portfolio Management LLC executing certain investments.
Crescat Capital firmographics
Firmographics- Name
- Crescat Capital
- Legal name
- Crescat Capital LLC
- Website
- https://crescat.net
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Crescat Capital is a Denver-based private global macro asset manager that runs five hedge fund strategies and separately managed accounts, exclusively for SEC-accredited investors and qualified clients. The firm combines proprietary quantamental models with an activist mining exploration strategy, positioning around a "Great Rotation" macro thesis from US tech equities into precious metals.
- Ownership category
- akta.pro rank
Where Crescat Capital is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Crescat Capital business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Hedge Fund Management: Crescat Capital operates multiple private hedge funds including the Crescat Global Macro Fund, Crescat Institutional Macro Fund, Crescat Precious Metals Fund, Crescat Institutional Precious Metals Fund, and Crescat Long/Short Fund. The firm charges management fees and performance/incentive allocations to accredited investors and qualified clients who become limited partners. Only accredited investors and qualified clients meeting SEC minimum annual income or net worth thresholds are admitted as limited partners.
- Separately Managed Accounts (SMAs): Crescat offers separately managed account strategies including the Crescat Large Cap Composite and Crescat Precious Metals Composite. SMA composite performance results are time-weighted net of all investment management fees and trading costs including commissions and non-recoverable withholding taxes. Investment management fees are described in Crescat's Form ADV 2A.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
Crescat Capital product offering
Product offeringCore offering
Crescat Capital is a multi-disciplinary asset management firm that deploys tactical investment themes through proprietary value-driven quantitative models. It offers five private hedge fund strategies — the Global Macro, Institutional Macro, Precious Metals, Institutional Precious Metals, and Long/Short funds — alongside separately managed account composites, exclusively to accredited investors and qualified clients. The firm also runs an activist metals mining strategy that supplies capital to exploration companies to help create new economic metal deposits.
Product overview
Crescat Capital operates as a multi-disciplinary asset management firm offering a platform of five distinct hedge fund strategies: two global macro funds (Crescat Global Macro Fund and Crescat Institutional Macro Fund) as the flagship comprehensive strategies; two specialized precious metals mining funds (Crescat Precious Metals Fund and Crescat Institutional Precious Metals Fund) focused on activist exploration investments in mining companies; and a traditional long/short equity fund (Crescat Long/Short Fund). The firm deploys tactical investment themes based on proprietary value-driven models, including AI Quantamental Equity, Macro, Precious Metals, and Energy quantitative models.
Differentiator
Problem solved
Functional benefit
Products and services
- Crescat Global Macro Fund Crescat's flagship hedge fund providing comprehensive exposure across all of the firm's macro investment themes with the ability to invest in any asset class long and short. Currently closed to new US investors.
- Crescat Institutional Macro Fund Institutional version of the flagship global macro strategy, providing exposure to all the firm's macro themes with the ability to invest long and short across asset classes, designed for institutional qualified clients.
- Crescat Precious Metals Fund Specialized hedge fund focused on precious and critical metals mining companies with an activist exploration investment approach intended to create new economic metal deposits. Has limited capacity for new US investors.
- Crescat Institutional Precious Metals Fund Institutional version of the precious metals strategy, focused on precious and critical metals mining with activist exploration investments for institutional qualified clients.
- Crescat Long/Short Fund Traditional long/short equity hedge fund seeking to deliver alpha from combined stock picking and macro thematic positioning.
- Separately Managed Accounts (SMAs) Separately managed account strategies including the Crescat Large Cap Composite (predominantly US large-cap equities weighted by market capitalization) and Crescat Precious Metals Composite (global all-cap precious metals mining stocks). Available to taxable and tax-exempt accounts that meet minimum investment thresholds.
Quantifiable outcome
- Negative Downside Capture Ratio since inception for Global Macro Fund
- +3 more outcomes
Companies that use Crescat Capital
Customer profileSegments3 records
Ideal customer profiles3 records
Crescat Capital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Crescat Capital partnerships and signals
Strategic signalScale indicators11 records
Recent moves6 records
Expansion highlights5 records
Crescat Capital competitors and assessment
Company assessmentDirect peers
- Hayman Capital Management: J. Kyle Bass's global macro hedge fund firm with thesis-driven positioning and a strong US-versus-rest-of-world framing. Comparable to Crescat's Global Macro Fund in scope and macro thematic style.
- Sprott Asset Management: Sprott is a precious-metals-focused asset manager offering funds, ETFs, and managed accounts in gold, silver, and mining equities. Comparable to Crescat's Precious Metals Fund and Institutional Precious Metals strategy.
- Paulson & Co. John Paulson's macro hedge fund firm, famous for its 2008 gold thesis and continued precious metals and gold mining exposure. Closely comparable to Crescat's activist mining and macro positioning.
- Tocqueville Asset Management: Gold-oriented value manager historically focused on precious metals and mining equities. Comparable to Crescat's precious metals and mining exploration strategies.
- Ruffer LLP: UK-based global macro and multi-asset manager with significant precious metals exposure and downside-protection mandates. Comparable to Crescat's Global Macro Fund and downside-capture narrative.
- Euro Pacific Asset Management: Peter Schiff's asset manager focused on precious metals, international equities, and US-dollar-debasement themes. Highly comparable to Crescat's macro and precious metals thesis.
Broad incumbents
- Bridgewater Associates: The world's largest global macro hedge fund manager, operating All Weather, Pure Alpha, and other systematic macro strategies. A broad incumbent comparable on strategy type, not on size or specialization.
Emerging players
- First Eagle Investment Management: Global value manager with significant precious metals allocations as a defensive store-of-value overlay. Adjacent to Crescat but at much larger scale with broader mandate.
- U.S. Global Investors (GROW Funds / U.S. Global): Specialty asset manager with precious metals, gold, and resources-focused mutual funds. Comparable to Crescat on precious metals mandate but structured as mutual funds rather than hedge funds.
Others
- ASA Gold and Precious Metals: Closed-end fund focused on gold and precious metals mining equities, with activist tendencies on portfolio companies. Indirectly comparable to Crescat's precious metals strategy through shared sector focus and activist orientation.
Market position
Strengths2 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Crescat Capital social profiles
Digital presenceCrescat Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crescat Capital leadership team
Management profileNumber of profiles
Profiles5 records
Crescat Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crescat Capital M&A and investment
M&A and investmentM&A
Investments36 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crescat Capital
What does Crescat Capital do?
Crescat Capital is a multi-disciplinary asset management firm that deploys tactical investment themes through proprietary value-driven quantitative models. It offers five private hedge fund strategies — the Global Macro, Institutional Macro, Precious Metals, Institutional Precious Metals, and Long/Short funds — alongside separately managed account composites, exclusively to accredited investors and qualified clients. The firm also runs an activist metals mining strategy that supplies capital to exploration companies to help create new economic metal deposits.
Is Crescat Capital a public or private company?
Crescat Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Crescat Capital founded?
Crescat Capital was founded in 2008. It employs 1 to 10 people.
Where is Crescat Capital based?
Crescat Capital is headquartered in Denver, United States, in the North America region.
How does Crescat Capital make money?
Two revenue lines are on record. Hedge Fund Management is the primary driver. The others are separately Managed Accounts (SMAs).
Who are Crescat Capital's main competitors?
Direct peers on record are Hayman Capital Management, Sprott Asset Management, Paulson & Co., Tocqueville Asset Management, Ruffer LLP and Euro Pacific Asset Management. Bridgewater Associates is listed as a broad incumbent. Emerging players are First Eagle Investment Management and U.S. Global Investors (GROW Funds / U.S. Global). ASA Gold and Precious Metals is listed as an others.
Does Crescat Capital have an API?
No public API is recorded for Crescat Capital.