Kettle Hill Capital Management

What Kettle Hill Capital Management does

Kettle Hill Capital Management, LLC is a privately held alternative investment manager founded in 2003 by Andrew Y. Kurita and headquartered in New York. The firm manages equity portfolios for institutional investors and qualified high-net-worth partners using a differentiated value-based strategy that combines proprietary fundamental research with internally developed financial models and price-target frameworks. Portfolio construction targets asymmetric risk-reward profiles — approximately 50% upside potential against 10% downside characteristics — across positions identified through non-consensus catalysts such as new products, management changes, restructuring, M&A, IPOs, and liquidity events, with positions managed against stop-loss triggers and thesis-change reviews.

The firm operates with a small team of approximately eight investment and operating professionals, including founder and Portfolio Manager Andrew Y. Kurita (CFA, ex-Andor Capital and Cramer Rosenthal McGlynn), CEO Afroz Qadeer (MBA Wharton, ex-Goldman Sachs Asset Management), CFO/CCO Bryan R. Kiss (CPA, ex-Arthur Andersen and Cramer Rosenthal McGlynn), a Director of Marketing, and additional analysts and a trader. Investment professionals hold CFA and CPA designations and have backgrounds across hedge fund research, sellside equity research, and institutional asset management.

Revenue is generated through management fees and performance-based compensation on alternative investment funds structured for institutional and qualified partners; pricing is individually negotiated and not publicly disclosed. Recent 13F filings disclose positions in RH ($28.87M), SentinelOne ($25.75M), Atlas Energy Solutions, Braze, and Kinder Morgan, implying U.S. equity AUM in the hundreds of millions of dollars. The firm has no parent company, no subsidiaries, no disclosed funding rounds, and remains founder-owned and independent.

Name

Kettle Hill Capital Management

Legal name

Kettle Hill Capital Management, LLC

Website

https://kettlehill.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Kettle Hill Capital Management is a New York-based private alternative investment manager founded in 2003 that uses proprietary fundamental research to build equity portfolios targeting asymmetric risk-reward outcomes for institutional investors and qualified partners.

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Small-Cap Equity (Active) (FSAAAIAC)

Keywords

• Alternative investment management
• Value-based investing
• Portfolio management services
• Fundamental equity research
• Hedge fund management

Headquarters

HQ city

New York

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, Compliance

Revenue model

1. Alternative Investment Management: Management of alternative investment funds for institutional investors and high-net-worth partners, generating revenue through management fees and performance-based compensation

Distribution channels1 record

Core offering

Kettle Hill Capital Management is an alternative investment manager that builds and manages differentiated, value-based equity portfolios for institutional investors and high-net-worth partners. The firm employs proprietary fundamental research and internal financial models to identify investments with non-consensus catalysts and target asymmetric risk-reward profiles (approximately 50% upside versus 10% downside), applying defined stop-loss and position management disciplines.

Product overview

Kettle Hill Capital Management, LLC is an alternative investment management firm founded in 2003 that provides differentiated value-based equity investment services to institutional and qualified investors. The firm employs proprietary fundamental research and a disciplined investment approach focused on identifying asymmetric risk-reward opportunities in the marketplace. The firm manages investment portfolios targeting 50% upside and 10% downside characteristics, utilizing internal financial models for investment thesis development and price target determination. The firm's investment strategy emphasizes independent thinking, proprietary research, and risk management to protect investor capital while seeking to capture market inefficiencies.

Differentiator

Problem solved

Functional benefit

Products and services

• Kettle Hill Alternative Investment Funds
• Institutional Portfolio Management Services

Quantifiable outcome

• Target investment returns of 50% upside potential with 10% downside characteristics within appropriate time horizons

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Royce Investment Partners: Royce is a long-established small-cap value specialist managing multiple small-cap equity strategies for institutions and intermediaries. Highly comparable to Kettle Hill in target market (small-cap U.S. equities), value orientation, and institutional client base, though at materially greater AUM scale.
• Pzena Investment Management: Pzena is a publicly listed global value equity manager with deep fundamental research processes targeting undervalued companies. Directly comparable to Kettle Hill on classic value philosophy, fundamental bottom-up research, and institutional distribution, with overlapping positions in mid- and small-cap names.
• Tweedy, Browne Company: Tweedy, Browne is a long-tenured value investment manager applying deep fundamental research to global equities. Highly comparable to Kettle Hill on philosophy (deep value, contrarian, fundamental), process discipline, and orientation toward long-term institutional and family-office capital.
• Ariel Investments: Ariel is a value-oriented asset manager focused on U.S. small- and mid-cap equities for institutional and retail channels. Directly comparable to Kettle Hill on small/mid-cap value mandate, fundamental research approach, and emphasis on downside protection.
• Third Avenue Management: Third Avenue is a fundamental-driven alternative value manager with deep small- and mid-cap exposure and a track record of bottom-up distressed and special-situations investing. Comparable to Kettle Hill on value philosophy, fundamental research depth, and opportunistic special-situations orientation.
• Dalton Investments: Dalton is a value-oriented investment manager running long/short and long-only strategies across global small- and mid-cap equities. Comparable to Kettle Hill on fundamental value investing, long/short structure, and concentration in less-covered small-cap names.
• Cardinal Capital Group: Cardinal Capital is a small-cap value manager applying rigorous fundamental analysis to underfollowed U.S. equities. Comparable to Kettle Hill in target market (U.S. small-cap value), institutional client base, and emphasis on fundamental research as a source of differentiation.
• River Road Asset Management: River Road is an employee-owned fundamental value manager focused on small- and mid-cap U.S. equities with a long-only orientation. Comparable to Kettle Hill on small/mid-cap value mandate, fundamental bottom-up research, and institutional/consultant channel distribution.
• Villere & Co. Villere is a multi-generational small-cap value manager focused on U.S. equities with deep fundamental research. Notably co-invested with Kettle Hill in Atlas Energy Solutions, indicating similar small-cap value idea sourcing and directly comparable investment process.

Broad incumbents

• Franklin Templeton: Franklin Templeton is a global asset management incumbent offering a broad range of equity strategies including small- and mid-cap value products. Comparable to Kettle Hill on overlapping product offering (small/mid-cap value) but at vastly greater scale, broader distribution, and with multi-strategy diversification.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/kettle-hill-capital-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Kettle Hill Capital Management