What Kirkoswald does

Kirkoswald is a privately held, London-headquartered multinational investment management group specializing in global macro and emerging markets strategies. The firm operates through regulated entities in five jurisdictions — the UK (FCA), United States (SEC), Singapore (MAS), United Arab Emirates (ADGM), and The Bahamas — with offices in London, New York, Nassau, Singapore, and Abu Dhabi, enabling institutional distribution across EMEA, North America, Asia Pacific, the Middle East, and the Caribbean.

The firm runs a single-PM investment model supported by on-desk risk management, a dedicated Quantitative Analytics team, and a global network of economists, strategists, and analysts. Its product set spans three core strategies: Global Macro (multi-asset tactical and strategic allocation across fixed income, FX, credit, commodities, and equities, with an emerging-markets focus), Emerging Markets Dedicated Strategies (unconstrained long-only and credit absolute return in local and external debt), and Private Credit (asset-backed and direct lending, including senior secured loans). In 2024 the firm originated its debut $20 million senior secured private credit loan, and in April 2026 it introduced a five-year-lock share class on its flagship hedge fund with a planned mid-2026 soft close.

Kirkoswald generates revenue through a combination of asset management fees (management fees on assets under management across pooled vehicles, collective investment schemes, and separately managed accounts) and performance fees (carried interest on returns above benchmarks or high-water marks). It distributes exclusively through a direct, relationship-based institutional sales channel targeting sovereign wealth funds, pension funds, endowments, foundations, and family offices, with pricing negotiated individually via offering documents and subscription agreements. The firm is led by founder Greg Coffey, a former Moore Capital portfolio manager, and counts Louis Bacon (founder of Moore Capital) among its investors.

Name

Kirkoswald

Legal name

Kirkoswald Capital Partners LLP

Website

https://kirkoswald.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Kirkoswald is a privately held, London-headquartered institutional asset manager running global macro, emerging markets, and private credit strategies through regulated entities across the UK, US, Singapore, UAE, and Bahamas for sovereign wealth funds, pensions, endowments, and family offices.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Strategy Macro / Macro Pod Platforms (FSAHABAJ)

akta.pro secondary industries

Emerging Markets Equity (Active) (FSAAAIAF), Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Multi-Strategy — Equity L/S + Sector Specialists (FSAHAFAD), Multi-Sector / Total Return Fixed Income (FSAAAHAJ)

Keywords

• Global macro asset management
• Emerging markets investing
• Private credit lending
• Institutional investment management
• Multi-asset investment strategies

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Kirkoswald generates revenue through management fees charged on assets under management across its various investment vehicles, including pooled vehicles, collective investment schemes, and separately managed accounts. This forms the base revenue stream for the firm's operations.
2. Performance Fees: As a hedge fund and alternative investment manager, Kirkoswald likely earns performance fees (carried interest) on investment returns exceeding specified benchmarks or high-water marks across its flagship and other investment funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Core offering

Kirkoswald is a multinational institutional asset management firm that invests across fixed income, foreign exchange, credit, commodities, and equities, primarily focused on emerging markets. The firm offers three core strategy categories: Global Macro (strategic and tactical asset allocation), Emerging Markets Dedicated Strategies (long-only and credit absolute return), and Private Credit (asset-backed and direct lending). Investment products are delivered through pooled vehicles, collective investment schemes, and separately managed accounts to institutional capital allocators.

Product overview

Kirkoswald is a multinational investment management group operating across multiple entities (Kirkoswald Capital Partners LLP, Kirkoswald Capital Management Limited, Kirkoswald Asset Management LLC, Kirkoswald Asset Management Asia Pte. Ltd., and affiliated entities in the Bahamas and UAE). The firm offers three core investment strategies: Global Macro (strategic and tactical asset allocation across fixed income, FX, credit, commodities, and equities), Emerging Markets Dedicated Strategies (long-only and credit absolute return), and Private Credit (asset-backed and direct lending). Kirkoswald Private Credit handles the direct lending operations, while Kirkoswald Asset Management operates the flagship hedge fund. The entities are separately regulated across UK (FCA), US (SEC/NFA), Singapore (MAS), Bahamas, and Abu Dhabi (ADGM).

Differentiator

Problem solved

Functional benefit

Products and services

• Global Macro Strategy Strategic and tactical asset allocation investing across fixed income, foreign exchange, credit, commodities, and equities, primarily focused on emerging markets. Offered to institutional capital allocators through pooled vehicles and separately managed accounts.
• Emerging Markets Dedicated Strategies Dedicated asset allocation including unconstrained long-only and credit absolute return investments, focused on emerging local markets and external debt. Designed for institutional investors seeking dedicated emerging markets exposure.
• Private Credit Private credit investments including both asset-backed and direct lending capabilities with a multi-year investment horizon. Opportunistic and tailored strategies are also offered to meet specific institutional investor needs.
• Kirkoswald Private Credit The private credit division of Kirkoswald offering senior secured loans. Debut transaction was a $20 million five-year loan to Turkey's Altinyildiz for refinancing and funding energy-efficient machinery.
• Kirkoswald Flagship Hedge Fund - Five-Year Lock Share Class A new five-year-lock share class for the flagship hedge fund led by Greg Coffey, designed to provide long-term capital and align investor commitment with the fund's investment horizon.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves6 records

Expansion highlights5 records

Direct peers

• Element Capital Management: Jeffrey Talpins's macro hedge fund focusing on global rates, currencies, and commodities. Comparable to Kirkoswald's macro strategy emphasis and institutional LP base.
• Rokos Capital Management: London-based global macro hedge fund founded by Chris Rokos, formerly of Brevan Howard. Directly comparable to Kirkoswald as a single-PM-driven macro platform serving institutional investors, with similar strategy breadth and fee model.
• Brevan Howard: One of the largest dedicated global macro hedge fund managers, founded by former traders at Credit Suisse. Closely comparable to Kirkoswald in strategy (macro across rates, FX, commodities), institutional LP base, and multi-jurisdictional regulatory footprint.
• Moore Capital Management: Louis Bacon's macro hedge fund where Greg Coffey previously worked. Directly comparable strategy mix and institutional client base; Kirkoswald's pedigree and Bacon's personal investment reinforce the close lineage between the two firms.
• Capula Management: London-based global macro hedge fund focused on fixed income, FX, and credit. Closely comparable to Kirkoswald's macro and EM rates strategy profile, institutional LP base, and boutique-scale operating model.
• Caxton Associates: Established global macro hedge fund deploying capital across currencies, fixed income, commodities, and equities. Comparable to Kirkoswald's multi-asset macro mandate and institutional target client base.
• BlueCrest Capital Management: London-based macro and discretionary fixed income hedge fund. Comparable in EM and rates focus, fund structure, and institutional distribution. Notable for moving to external capital management, providing a relevant strategic reference point.
• Marathon Asset Management: Global credit and emerging markets fixed income manager with institutional focus. Comparable to Kirkoswald's emerging markets dedicated and private credit strategies, and institutional distribution approach.

Broad incumbents

• Man Group: Large, publicly listed multi-strategy alternative asset manager with a substantial macro and multi-asset franchise. Comparable to Kirkoswald at the strategy-category level but operates at materially larger scale and as a public broad incumbent.
• Tudor Investment Corporation: Paul Tudor Jones's established global macro hedge fund with multi-asset mandates. Comparable to Kirkoswald in macro strategy scope and institutional client focus, but operates at significantly larger scale as a longstanding incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Kirkoswald