Peregrine Capital Management

What Peregrine Capital Management does

Peregrine Capital Management, LLC is an SEC-registered, employee-owned investment management firm founded in 1984 and headquartered at 800 LaSalle Avenue in Minneapolis, Minnesota. The firm manages approximately $4.67 billion in assets under management across three primary equity styles — Small Cap Growth ($1.9B, originated 1976), Large Cap Growth ($1.3B, originated 1983), and Small Cap Value ($740M, originated 1996) — and two product extensions, Select Mid Cap Growth (2017) and SMID Cap Value (2014), for a total of five distinct investment strategies.

The firm operates as an investment boutique with three independent investment teams, each driving its own process. The Small Cap Growth strategy employs a bottom-up, discovery/rediscovery approach targeting rapidly growing small-cap companies. The Large Cap Growth strategy holds 25-35 concentrated positions in companies with free cash flow growth above 12%. The Small Cap Value strategy uses a proprietary valuation framework against five value-buy criteria, holding 90-110 true value names with no position above 3.5%. Select Mid Cap Growth holds 18-25 concentrated names, while SMID Cap Value holds 60-90 names capped at 5% per position. Peregrine's back-office stack runs on third-party industry systems — Eze OMS, CTM, Portia, Electra, and Electra Billing — for reconciliation, trade settlement, performance calculation, batch processing, and invoicing.

Revenue is generated almost exclusively through investment management fees on AUM, charged across separate accounts, sub-advisory mandates (notably Allspring Global Investments for the Allspring Small Company Growth Fund), and other institutional vehicles. Peregrine's primary customer segments are national and international institutional investors — pension funds, endowments, foundations, and consultants — with relationship-management emphasis on Midwest and New England institutional investors. Distribution is executed through a dedicated institutional client service and marketing team that works via direct sales, consultant relationships, and intermediary/sub-advisory channels. The firm maintains long-tenured teams (combined 129 years of experience in Small Cap Growth, 100 in Small Cap Value, 87 in Large Cap Growth) and intends the deliberate Small Cap Value client cap of 35 to preserve style integrity and relationship depth.

Name

Peregrine Capital Management

Legal name

Peregrine Capital Management, LLC

Website

https://peregrine.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1–10 employees

Short description

Peregrine Capital Management is an employee-owned, SEC-registered investment management firm in Minneapolis managing ~$4.67B across three equity styles (Small Cap Growth, Large Cap Growth, Small Cap Value) and two product extensions, serving institutional investors through direct sales, consultants, and sub-advisory mandates.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Small-Cap Equity (Active) (FSAAAIAC)

akta.pro secondary industries

Large-Cap Equity (Active) (FSAAAIAA), Mid-Cap Equity (Active) (FSAAAIAB), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Investment management services
• Equity investment strategies
• Small cap growth
• Large cap growth
• Small cap value

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees: As an SEC-registered investment adviser, Peregrine generates revenue through management fees charged on assets under management across its three investment styles and five strategies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Peregrine Capital Management is an employee-owned investment management firm offering three primary investment styles (Small Cap Growth, Large Cap Growth, Small Cap Value) and five related investment strategies for institutional clients. The firm manages portfolios across multiple market capitalizations using proprietary valuation and bottom-up research processes, serving pension funds, endowments, foundations, and other institutional investors.

Product overview

Peregrine Capital Management offers five investment strategies spanning three primary styles: Small Cap Growth (founded 1976, $1.9B AUM), Large Cap Growth (founded 1983, $1.3B AUM), and Small Cap Value (founded 1996, $740M AUM), supplemented by two product extensions: Select Mid Cap Growth (founded 2017) and SMID Cap Value (founded 2014). Total assets under management across all strategies approximate $4.4 billion. The investment strategies are offered as separate products with distinct philosophies, processes, and target market capitalizations.

Differentiator

Problem solved

Functional benefit

Products and services

• Small Cap Growth Bottom-up equity strategy targeting rapidly growing small-cap companies with a disciplined valuation approach. The strategy seeks to capitalize on information gaps in small rapidly growing companies for potential stock price appreciation through discovery and rediscovery phases.
• Large Cap Growth Growth-oriented equity strategy focusing on long-duration, high-growth companies targeting free cash flow growth above 12%. The concentrated portfolio of 25-35 holdings seeks to translate high portfolio cash flow growth directly into client investment returns.
• Small Cap Value Value-oriented equity strategy using proprietary valuation analysis to identify stocks expected to return to fair value. The fully invested portfolio holds 90-110 true value holdings with no position exceeding 3.5% in weight.
• Select Mid Cap Growth Mid-cap growth extension of the Large Cap Growth strategy targeting high free cash flow growth with a concentrated portfolio of 18-25 holdings.
• SMID Cap Value

Quantifiable outcome

• Small Cap Growth strategy in existence since 1976 with consistent investment process
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Allspring Global InvestmentscoreImplementation/ SI/ Consulting Partner · 1 January 2026Peregrine Capital Management LLC serves as subadvisor to the Allspring Small Company Growth Fund, managing the fund's small company growth investment strategy.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Westwood Holdings Group: Institutional asset manager built around the Whately/Cobalt brand equity franchises. Closely comparable to Peregrine in institutional-only go-to-market and concentrated equity strategy focus, though also offers fixed income.
• Argent Capital Management: St. Louis-based institutional equity manager offering small/mid cap and large cap value strategies. Comparable in strategy mix (small/mid value and growth), institutional focus, and sub-$5B AUM scale band.
• Riverbridge Partners: Minneapolis-based active growth equity manager specializing in small/mid cap and SMID strategies. Directly comparable geographically (also Minneapolis-based) and in growth equity style emphasis.
• Thompson, Siegel & Walmsley (TS&W): Active equity manager specializing in small/mid/large cap strategies for institutional clients. Directly comparable in strategy lineup, institutional-only distribution, and operating philosophy.
• Cambiar Investors: Employee-owned, Denver-based active equity manager with concentrated portfolios across large, mid, and small cap. Closely comparable on ownership structure, style-purity emphasis, and institutional distribution model.
• Manning & Napier: Specialty equity and multi-asset manager serving institutional and intermediary clients. Comparable in offering focused active equity strategies with a long track record, though with broader asset-class coverage.
• Geneva Capital Management: Mid-sized, Wisconsin-based active equity manager focused on U.S. small/mid cap and balanced strategies for institutional clients. Comparable in Midwest roots, scale, and institutional client base.
• Victory Capital Holdings: Publicly traded multi-affiliate asset manager operating through specialist equity franchises (small/mid/large cap). Highly comparable operating model — multiple autonomous investment teams under one platform — though at materially larger scale ($150B+ AUM).

Others

• Allspring Global Investments: Large diversified asset manager that distributes Peregrine's Small Company Growth strategy through a subadvisory fund vehicle. Relevant as the firm's principal institutional distribution partner, though far larger and broader in scope.

Emerging players

• Zacks Investment Management: Chicago-based active equity manager offering small/mid/large cap strategies with quantitative and fundamental approaches. Comparable in mid-sized institutional active equity focus, with somewhat differentiated quantitative tilt.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/peregrine-capital-management-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peregrine Capital Management