Ategra Capital Management

What Ategra Capital Management does

Ategra Capital Management, LLC is a privately held boutique investment management firm co-founded in May 2005 by Jonathan Holtaway and Michael Rebibo in Vienna, Virginia. The firm operates as the Investment Manager for two private investment funds offered exclusively to investors qualifying as accredited under SEC Regulation D of the Securities Act of 1933: the Financial Sector Focus Fund, which pursues a concentrated, high-conviction, microcap-biased strategy in undervalued financial companies (especially community banks), and the Large Capitalization US Long Short Fund, which combines broad S&P 500-range equity exposure with actively managed long and short positions emphasizing downside protection. The firm makes money through management fees and likely performance fees on these funds. Distribution is exclusively direct to qualified investors, with sourcing supplemented by team presence at bank industry conferences (Pennsylvania Bankers Association, Virginia Bankers Association).

The firm's investment process is fundamentally research-driven and value-oriented, emphasizing downside protection, performance hurdles, and fee control as core principles. The team of approximately nine named professionals brings over 80 years of combined experience, with senior members holding director seats at publicly-listed and private bank holding companies including Hawthorn Bancshares (HWBK) and Trustar Bank, providing information flow and sourcing advantages in the community banking vertical. The firm does not employ proprietary technology, algorithms, or quantitative trading systems, and its competitive position rests on domain expertise and relationships rather than technology or scale.

Operationally, Ategra is a lean boutique with a single Vienna, Virginia headquarters, no external institutional shareholders, no recorded funding rounds, and no public listing. The ownership structure remains founder-controlled, with Jonathan Holtaway as President, Jacques Rebibo (joined 2010) as Chairman, John D. Putman as Executive Vice President, and a senior advisory bench that has been actively expanded in 2024 with the additions of Michael Rebibo, Brent Giles, and Dr. Robert Sigal. The gtm motion is relationship-driven: targeting accredited investors through direct relationships, industry conference presence, and the professional networks of its senior team members who hold bank board directorships.

Name

Ategra Capital Management

Legal name

Ategra Capital Management, LLC

Website

https://ategracapital.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Ategra Capital Management is a Vienna, Virginia-based boutique investment manager operating two SEC Regulation D private funds, the Financial Sector Focus Fund and the Large Capitalization US Long Short Fund, for accredited investors, applying fundamental value investing with concentrated portfolios and downside protection.

Ownership category

akta.pro rank

Product category

Investment Management / Private Equity Funds

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Equity Long/Short (FSAHAAAC)

akta.pro secondary industries

Equity Long/Short — Financials Focus (FSAHAAAL), Large-Cap Equity Long/Short (FSAHAAAH), Small-/Mid-Cap Equity Long/Short (FSAHAAAG), Fundamental/Discretionary Equity Long/Short (FSAHAAAA)

Keywords

• Private investment funds
• Value investing
• Wealth management
• Financial sector investing
• Long short equity

Headquarters

HQ city

Vienna

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: Ategra Capital Management generates revenue as the Investment Manager for private investment funds. The firm charges management fees and potentially performance fees aligned with its emphasis on performance hurdles and fee control as core investment principles.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ategra Capital Management serves as the Investment Manager for two private investment funds offered exclusively to accredited investors under SEC Regulation D. The Financial Sector Focus Fund invests in undervalued financial companies with a microcap, high-conviction, value-driven strategy emphasizing downside protection. The Large Capitalization US Long Short Fund invests in large-cap U.S. equities within the S&P 500 market-capitalization range, combining market-like returns with actively managed long/short positions designed to limit downside risk.

Product overview

Ategra Capital Management operates as an investment management firm offering two private investment funds to accredited investors: the Financial Sector Focus Fund and the Large Capitalization US Long Short Fund. Both funds are designed for long-term wealth building with different capitalization focuses—the Financial Sector Focus Fund targets undervalued microcap financial companies with high conviction, while the Large Capitalization US Long Short Fund invests in large-cap S&P 500 companies using a long/short strategy with downside protection. Both funds emphasize disciplined value investing principles, performance hurdles, fee control, and downside risk limitation.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Sector Focus Fund A private investment fund available exclusively to SEC-accredited investors, primarily targeting undervalued financial companies with a focused, results-driven equity strategy aimed at delivering high returns over the medium to long term. The fund emphasizes value and discipline with a low entry price, consistent exit strategy, strong downside protection, sector specialization, a microcap bias, and a high-conviction strategy rooted in fundamental research.
• Large Capitalization US Long Short Fund A private investment fund for accredited investors that primarily invests in common stocks of large-cap U.S. companies within the S&P 500 Index market-capitalization range. The strategy combines broad-based equity exposure for market-like returns delivered in a tax-efficient manner with actively managed long and short positions selected by the Investment Manager, prioritizing downside protection while seeking upside potential that is a multiple of the risk assumed.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Cohen & Steers: Publicly-traded specialist asset manager focused on real assets and financial-sector equities (REITs, banks, insurance). Closely comparable to Ategra in its niche financial-sector value orientation, though materially larger and with a broader product set.
• Vaughan Nelson Investment Management: Houston-based boutique investment manager offering U.S. value equity strategies, including small/mid-cap and long/short mandates. Comparable to Ategra as a boutique, fundamental, value-oriented equity firm with concentrated high-conviction portfolios.
• Ariel Investments: Boutique investment manager focused on U.S. small/mid-cap value equities with a concentrated, fundamental, long-term approach. Comparable to Ategra in boutique scale, value discipline, and high-conviction concentrated portfolios.
• Ancora Holdings: Cleveland-based registered investment advisor offering U.S. equity, fixed income, and alternative strategies with a small/mid-cap value tilt. Comparable to Ategra as a multi-strategy boutique RIA serving HNW and institutional clients.
• Sterling Capital Management: Boutique asset manager offering U.S. equity strategies including long/short and value-oriented mandates. Comparable to Ategra as a fundamentals-driven equity manager with long/short capabilities and similar boutique distribution footprint.
• Eagle Capital Management: Concentrated, long-term, fundamentally-driven U.S. equity manager for endowments, foundations, and HNW families. Comparable to Ategra in concentrated long-term value approach and high-net-worth client focus.
• Emerald Asset Management: Pennsylvania-based registered investment advisor applying fundamental value discipline to U.S. equity portfolios, including value and small/mid-cap strategies. Comparable to Ategra in boutique, fundamental, value-oriented approach and Mid-Atlantic regional presence.
• Martingale Asset Management: Boston-based boutique offering long/short and long-only U.S. equity strategies with a quantitative/fundamental blend. Comparable to Ategra in long/short equity orientation and boutique institutional distribution.

Broad incumbents

• Hennessy Advisors: Public asset manager offering sector- and theme-focused mutual funds, including financial-sector and small-cap value strategies. Comparable to Ategra in financial-sector and value-equity orientation but operates at much larger scale through 40-Act mutual funds.

Others

• Centerbridge Partners: Alternative investment firm with material community/regional banking exposure through direct lending and special situations. Relevant ecosystem adjacency given Ategra's community-bank investor network, though not a directly competing equity manager.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

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&A

Investments

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

Frequently asked questions about Ategra Capital Management